Bloomin’ Brands Inc (BLMN): Price Now Near $24.52; Daily Chart Shows Downtrend on 100 Day Basis

The Hourly View for BLMN

At the moment, BLMN (Get Ratings)’s price is down $-0.3 (-1.23%) from the hour prior. This is the 2nd hour in a row BLMN has seen its price head down. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Out of Restaraunts Hotels Motels stocks, BLMN ranks 43rd in regards to today’s price percentage change.

BLMN’s Technical Outlook on the Daily Chart

At the time of this writing, BLMN’s price is down $-0.4 (-1.61%) from the day prior. It’s been a feast for bears operating on the daily timeframe, as BLMN has now gone down 8 of the past 10 days. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 20 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The chart below shows BLMN’s price action over the past 90 days.

BLMN

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BLMN: Daily RSI Analysis

  • BLMN’s RSI now stands at 12.4542.
  • BLMN and RSI both have consistent trends, as they are both heading down.

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