Bloomin’ Brands Inc (BLMN): Price Now Near $24.59; Daily Chart Shows Downtrend on 100 Day Basis

The Hourly View for BLMN

At the moment, BLMN (Get Ratings)’s price is down $0 (0%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. As for the trend on the hourly timeframe, we see the clearest trend on the 50 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.

BLMN ranks 19th in terms of today’s price percentage change out of Restaraunts Hotels Motels stocks.

BLMN’s Technical Outlook on the Daily Chart

Currently, BLMN’s price is up $0.08 (0.32%) from the day prior. This move is a reversal from the day prior, which saw price move down. 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 35.7143.
  • BLMN and RSI both have consistent trends, as they are both heading down.

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