<ul class="list-ic vertical">
 <li><span>1</span> <a>BLNK stock price fell 22.24% in October 2023.</a></li>
 <li><span>2</span> <a>Blink stock price is in a strong downtrend.</a></li>
 <li><span>3</span> <a>Q3 earnings of Blink Charging Co. are scheduled for November 9, 2023.</a></li>
</ul>
<p>BLNK stock price fell 22.24% last month and continues to erode the market capitalization. It declined by forming lower low swings indicating the sellers’ dominance on the higher levels.&nbsp;</p>
<p>Blink stock price is in a downtrend and trading below the day 50-day and 200-day EMA. However, the current price looks oversold and has gone far away from EMA so a short-term pullback rally may trigger anytime.&nbsp;</p>
<p>In mid-August, BLNK stock price broke down the crucial support of $5.00. It triggered the negative sentiment and fueled the downfall.&nbsp;</p>
<p>Meanwhile, the selling volume also surged and the price continued to decline. It denotes that some long-term investors prefer to take the exit.&nbsp;</p>
<p>Previously, buyers tried multiple times to push the price above the 50-day EMA. However, due to the strong presence of sellers, the attempt failed and the price reverted down.&nbsp;</p>
<p>The bears are highly active and the pullbacks are getting sold off. However, the Q3 earnings are near so it seems risky to build fresh shorts.&nbsp;</p>
<p>BLNK <a href="https://www.thecoinrepublic.com/2023/09/30/top-5-electric-vehicle-stocks-for-uk-investors-in-2023/" rel="noopener noreferrer nofollow">stock price </a>closed the previous session at $2.59 with an intraday rise of 0.39%. The market capitalization stands at $168.49 Million.&nbsp;</p>
<h2 class="wp-block-heading" id="strong-blnk-stock-price-show-bounce-after-earnings-strong"><strong>BLNK Stock Price Show Bounce After Earnings?</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="426" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/11/BLNK-Stock-Price-Show-Bounce-After-Earnings-1024x426.webp" alt="BLNK Stock Price Show Bounce After Earnings" class="wp-image-179826" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/11/BLNK-Stock-Price-Show-Bounce-After-Earnings-1024x426.webp 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/BLNK-Stock-Price-Show-Bounce-After-Earnings-300x125.webp 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/BLNK-Stock-Price-Show-Bounce-After-Earnings-768x319.webp 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/BLNK-Stock-Price-Show-Bounce-After-Earnings-1536x638.webp 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/BLNK-Stock-Price-Show-Bounce-After-Earnings-750x312.webp 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/BLNK-Stock-Price-Show-Bounce-After-Earnings-1140x474.webp 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/BLNK-Stock-Price-Show-Bounce-After-Earnings.webp 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: NASDAQ: BLNK daily chart by Tradingview
  </figcaption>
 </figure>
</div>
<p>BLNK stock price is inside the bear’s grip and no signs of recovery or reversal are visible. However, the price looks oversold so a temporary bounce back may come.&nbsp;</p>
<p>Blink Charging Co. scheduled the third quarter earnings for November 9, 2023. Market analysts estimated an EPS of negative $0.462 and revenue of $30.29 Million.&nbsp;</p>
<p>If the company succeeds in beating the estimates then the probability of bounce back will substantially increase. On the other hand, if a company disappoints in earnings, then the stock price may hit new lows.&nbsp;</p>
<h3 class="wp-block-heading" id="strong-blink-stock-price-displaying-a-bearish-pattern-strong"><strong>Blink Stock Price Displaying a Bearish Pattern&nbsp;</strong></h3> 
<div class="tradingview-widget-container">
 &nbsp;&nbsp; 
 <div id="tradingview_b69ef"></div> &nbsp;&nbsp; 
 <div class="tradingview-widget-copyright"><a href="https://www.tradingview.com/" rel="noopener noreferrer nofollow" target="_blank"><span class="blue-text">Track all markets on TradingView</span></a>
 </div> &nbsp;&nbsp; 
 <script type="text/javascript" src="https://s3.tradingview.com/tv.js"></script> &nbsp;&nbsp; 
 <script type="text/javascript">

  new TradingView.widget(

  {

  "width": "950",

  "height": "500",

  "symbol": "NASDAQ:BLNK",

  "interval": "D",

  "timezone": "Etc/UTC",

  "theme": "light",

  "style": "1",

  "locale": "en",

  "enable_publishing": false,

  "allow_symbol_change": true,

  "studies": [

    "STD;RSI",

    "STD;Supertrend"

  ],

  "container_id": "tradingview_b69ef"

}

  );

  </script>
</div> 
<p>Blink stock price is displaying a bearish pattern on a daily, weekly, and monthly time frame.&nbsp;</p>
<p>The broader market indices like the S&amp;P 500, and Nasdaq Composite are recovering but <a href="https://www.thecoinrepublic.com/2023/09/30/top-5-electric-vehicle-stocks-for-uk-investors-in-2023/" rel="noopener noreferrer nofollow">BLNK</a> continues the downfall. It shows that long-term investors had lost confidence in the future outlook of the company.&nbsp;</p>
<p>The MACD curve slopes upward and generates a positive crossover indicating mild bullishness. However, the RSI at 42 denotes weakness and more downfall is possible.</p>
<h3 class="wp-block-heading" id="strong-conclusion-strong"><strong>Conclusion</strong></h3>
<p>BLNK stock price is in a downtrend and bears continuing dominance. The Q3 earnings are scheduled tomorrow so volatility in the stock price may rise.&nbsp;</p>
<p>The analysis suggests, that if Blink Charging Co. beats the earnings estimates, then a short-term bounce may come.&nbsp;</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<ul>
 <li>Resistance levels: $4.02 and $5.00</li>
 <li>Support levels: $2.18 and $2.00</li>
</ul>
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4>
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

BLNK Stock Analysis: Beware of Short Squeeze After Q3 Earnings

目录

Thecoinrepublic.com

发布于 2023年11月9日的其他文章

Cryptocurrency charities can exploit the ‘gambler’s fallacy’ to reap larger donations — study

Market researchers express confidence in job security amid growing AI adoption

Spartan Capital Bolsters Pendle Finance’s Rise in Digital Finance’s Yield Trading Sector

Bitcoin ETF launch could be delayed more than a month after SEC approval

Bitcoin briefly tops $37k amid market optimism for pending spot ETF approvals

Can Ripple (XRP) Reach $1 as Swell Conference Draws to a Close?

订阅我们免费的电子期刊，获取每日最新加密领域动态！