Blade Air Mobility Inc has fallen Monday morning, with the stock decreasing -5.24% in pre-market trading to 10.66.
BLDE's short-term technical score of 20 indicates that the stock has traded less bullishly over the last month than 80% of stocks on the market.
In the Airports & Air Services industry, which ranks 47 out of 146 industries.
BLDE ranks higher than 23% of stocks.
Blade Air Mobility Inc has risen 55.60% over the past month, closing at $7.66 on August 23.
During this period of time, the stock fell as low as $7.66 and as high as $11.25. BLDE has an average analyst recommendation of Strong Buy.
The company has an average price target of $15.67.
When we look at the technical side of things we can see it’s broken above resistance and even with yesterday’s markets fall it was still able to stay above resistance.
We could say previous resistance is now acting as support on the lower timeframes.
We have the MACD sitting comfortably above 0.50 and the RSI above 50.
I’m fairly bullish on this.
Keep this on your watchlist.
- Factor Four