Blackline Stock Price Prediction

BL Stock  USD 63.07  0.30  0.48%   
The relative strength indicator of Blackline's the stock price is about 69 suggesting that the stock is rather overbought by investors as of now. The main point of the Relative Strength Index (RSI) is to track how fast people are buying or selling Blackline, making its price go up or down.

Oversold Vs Overbought

69

 
Oversold
 
Overbought
The successful prediction of Blackline's future price could yield a significant profit. Please, note that this module is not intended to be used solely to calculate an intrinsic value of Blackline and does not consider all of the tangible or intangible factors available from Blackline's fundamental data. We analyze noise-free headlines and recent hype associated with Blackline, which may create opportunities for some arbitrage if properly timed.
Using Blackline hype-based prediction, you can estimate the value of Blackline from the perspective of Blackline response to recently generated media hype and the effects of current headlines on its competitors.
The fear of missing out, i.e., FOMO, can cause potential investors in Blackline to buy its stock at a price that has no basis in reality. In that case, they are not buying Blackline because the equity is a good investment, but because they need to do something to avoid the feeling of missing out. On the other hand, investors will often sell stocks at prices well below their value during bear markets because they need to stop feeling the pain of losing money.

Blackline after-hype prediction price

    
  USD 61.12  
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
  
Check out Blackline Basic Forecasting Models to cross-verify your projections.
For more information on how to buy Blackline Stock please use our How to buy in Blackline Stock guide.
Intrinsic
Valuation
LowRealHigh
55.6964.5766.35
Details
Naive
Forecast
LowNextHigh
61.1362.9164.69
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
57.3060.9064.50
Details

Blackline After-Hype Price Prediction Density Analysis

As far as predicting the price of Blackline at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Blackline or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Blackline, with the unreliable approximations that try to describe financial returns.
   Next price density   
       Expected price to next headline  

Blackline Estimiated After-Hype Price Volatility

In the context of predicting Blackline's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Blackline's historical news coverage. Blackline's after-hype downside and upside margins for the prediction period are 59.34 and 62.90, respectively. We have considered Blackline's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
63.07
61.12
After-hype Price
62.90
Upside
Blackline is very steady at this time. Analysis and calculation of next after-hype price of Blackline is based on 3 months time horizon.

Blackline Stock Price Prediction Analysis

Have you ever been surprised when a price of a Company such as Blackline is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Blackline backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Blackline, there might be something going there, and it might present an excellent short sale opportunity.
Expected ReturnPeriod VolatilityHype ElasticityRelated ElasticityNews DensityRelated DensityExpected Hype
  0.37 
1.79
 0.00  
  0.01 
0 Events / Month
0 Events / Month
In 5 to 10 days
Latest traded priceExpected after-news pricePotential return on next major newsAverage after-hype volatility
63.07
61.12
1.23 
0.00  
Notes

Blackline Hype Timeline

As of November 28, 2024 Blackline is listed for 63.07. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.01. Blackline is expected to decline in value after the next headline, with the price expected to drop to 61.12. The average volatility of media hype impact on the company price is insignificant. The price decline on the next news is expected to be -1.23%, whereas the daily expected return is currently at 0.37%. The volatility of related hype on Blackline is about 9179.49%, with the expected price after the next announcement by competition of 63.08. About 98.0% of the company shares are held by institutions such as insurance companies. The company had not issued any dividends in recent years. Allowing for the 90-day total investment horizon the next expected press release will be in 5 to 10 days.
Check out Blackline Basic Forecasting Models to cross-verify your projections.
For more information on how to buy Blackline Stock please use our How to buy in Blackline Stock guide.

Blackline Related Hype Analysis

Having access to credible news sources related to Blackline's direct competition is more important than ever and may enhance your ability to predict Blackline's future price movements. Getting to know how Blackline's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Blackline may potentially react to the hype associated with one of its peers.
Hype
Elasticity
News
Density
Semi
Deviation
Information
Ratio
Potential
Upside
Value
At Risk
Maximum
Drawdown
MANHManhattan Associates 0.00 0 per month 1.89  0.01  3.13 (2.66) 10.50 
AZPNAspen Technology 0.00 0 per month 1.16 (0.01) 1.78 (2.08) 5.82 
DVDoubleVerify Holdings 0.00 0 per month 1.99 (0.02) 3.51 (4.04) 10.96 
ANSSANSYS Inc 0.00 0 per month 1.36  0.01  2.76 (2.32) 10.35 
ALKTAlkami Technology 0.00 0 per month 2.41  0.06  5.03 (4.89) 12.66 
WKWorkiva 0.00 0 per month 1.39  0.12  3.56 (2.83) 8.56 
AGYSAgilysys 0.00 0 per month 2.92  0.06  4.17 (5.24) 14.47 
AMSWAAmerican Software 0.00 0 per month 0.00 (0.33) 1.68 (2.14) 4.01 
APPFAppfolio 0.00 0 per month 2.18  0.02  2.86 (2.27) 15.04 
QTWOQ2 Holdings 0.39 9 per month 1.26  0.17  3.82 (2.54) 18.28 
PROPROS Holdings 0.00 0 per month 3.08  0.05  6.36 (4.84) 13.19 
GBTGGlobal Business Travel 0.00 0 per month 1.49  0.16  4.01 (2.48) 13.29 
ADEAADEIA P 0.00 0 per month 0.00 (0.04) 3.84 (3.43) 28.06 
MNTVMomentive Global 0.00 0 per month 0.00  0.00  0.00  0.00  0.00 
PYCRPaycor HCM 0.00 0 per month 1.45  0.15  3.12 (2.96) 9.64 
JAMFJamf Holding 0.00 0 per month 0.00 (0.21) 3.35 (4.07) 11.26 
PEGAPegasystems 0.00 0 per month 1.52  0.14  3.07 (2.87) 17.50 
FROGJfrog 0.00 0 per month 2.22  0.03  4.43 (3.72) 13.97 
PCORProcore Technologies 0.00 0 per month 1.38  0.17  4.79 (2.47) 9.89 
PWSCPowerschool Holdings 0.00 0 per month 0.00 (1.36) 0.13 (0.13) 0.35 

Blackline Additional Predictive Modules

Most predictive techniques to examine Blackline price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Blackline using various technical indicators. When you analyze Blackline charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

About Blackline Predictive Indicators

The successful prediction of Blackline stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as Blackline, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of Blackline based on analysis of Blackline hews, social hype, general headline patterns, and widely used predictive technical indicators.
We also calculate exposure to Blackline's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to Blackline's related companies.

Story Coverage note for Blackline

The number of cover stories for Blackline depends on current market conditions and Blackline's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Blackline is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Blackline's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.

Blackline Short Properties

Blackline's future price predictability will typically decrease when Blackline's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Blackline often depends not only on the future outlook of the potential Blackline's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Blackline's indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding72 M
Cash And Short Term Investments1.2 B
Check out Blackline Basic Forecasting Models to cross-verify your projections.
For more information on how to buy Blackline Stock please use our How to buy in Blackline Stock guide.
You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Is Application Software space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Blackline. If investors know Blackline will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Blackline listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Blackline is measured differently than its book value, which is the value of Blackline that is recorded on the company's balance sheet. Investors also form their own opinion of Blackline's value that differs from its market value or its book value, called intrinsic value, which is Blackline's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Blackline's market value can be influenced by many factors that don't directly affect Blackline's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Blackline's value and its price as these two are different measures arrived at by different means. Investors typically determine if Blackline is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Blackline's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.