Blackline Inc (BL)
BlackLine, Inc. offers cloud-based solutions to automate and streamline accounting and finance operations in the United States and internationally. The company is headquartered in Woodland Hills, California.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is increasing.
- The growth rate of the primary trend is 18.04% per annum.
- BL price at the close of March 31, 2025 was $48.42 and was lower than the bottom border of the primary price channel by $16.24 (25.11%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 0.22% per annum.
- BL price at the close of March 31, 2025 was inside the secondary price channel.
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of BL price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: April 24, 2023
End date: May 17, 2024
a = 3.4450
b = 0.0005
s = 0.0525
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0005) – 1
= 18.04%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0525) – 1
= 23.37%
April 24, 2023 calculations
Top border of price channel:
Exp(Y770)
= Exp(a + b × X770 + 2 × s)
= Exp(a + b × 1,118 + 2 × s)
= Exp(3.4450 + 0.0005 × 1,118 + 2 × 0.0525)
= Exp(4.0579)
= $57.85
Bottom border of price channel:
Exp(Y770)
= Exp(a + b × X770 – 2 × s)
= Exp(a + b × 1,118 – 2 × s)
= Exp(3.4450 + 0.0005 × 1,118 – 2 × 0.0525)
= Exp(3.8479)
= $46.90
May 17, 2024 calculations
Top border of price channel:
Exp(Y1,039)
= Exp(a + b × X1,039 + 2 × s)
= Exp(a + b × 1,507 + 2 × s)
= Exp(3.4450 + 0.0005 × 1,507 + 2 × 0.0525)
= Exp(4.2347)
= $69.04
Bottom border of price channel:
Exp(Y1,039)
= Exp(a + b × X1,039 – 2 × s)
= Exp(a + b × 1,507 – 2 × s)
= Exp(3.4450 + 0.0005 × 1,507 – 2 × 0.0525)
= Exp(4.0247)
= $55.96
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 18.04% per annum.
- BL price at the close of March 31, 2025 was $48.42 and was lower than the bottom border of the primary price channel by $16.24 (25.11%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: April 24, 2023
End date: March 31, 2025
a = 4.0213
b = 0.0000
s = 0.0986
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0000) – 1
= -0.22%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0986) – 1
= 48.34%
April 24, 2023 calculations
Top border of price channel:
Exp(Y770)
= Exp(a + b × X770 + 2 × s)
= Exp(a + b × 1,118 + 2 × s)
= Exp(4.0213 + 0.0000 × 1,118 + 2 × 0.0986)
= Exp(4.2117)
= $67.47
Bottom border of price channel:
Exp(Y770)
= Exp(a + b × X770 – 2 × s)
= Exp(a + b × 1,118 – 2 × s)
= Exp(4.0213 + 0.0000 × 1,118 – 2 × 0.0986)
= Exp(3.8174)
= $45.49
March 31, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(4.0213 + 0.0000 × 1,825 + 2 × 0.0986)
= Exp(4.2074)
= $67.18
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(4.0213 + 0.0000 × 1,825 – 2 × 0.0986)
= Exp(3.8131)
= $45.29
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 0.22% per annum.
- BL price at the close of March 31, 2025 was inside the secondary price channel.