Backblaze, Inc. Class A Common Stock
Here’s whether Backblaze, Inc. Class A Common Stock (BLZE) is worth buying in 2026 — based on weekly-updated price trend, RSI momentum, and return vs. the S&P 500. Our current read: Bullish.
Positives: trading above the 200-day MA (long-term uptrend intact); above the 50-day MA (medium-term momentum positive); 50-day MA is rising (+16.58% over 10 days); RSI 51 — healthy momentum range; strong 1-year return of +104.4%; 3-month momentum positive (+106.0%); rising volume confirms the move (1.21x 30d avg). Currently 34.1% off its 52-week high. Score: +8/7.
BLZE is in a confirmed uptrend, trading above both its 50-day ($14.61) and 200-day ($7.40) moving averages. An RSI of 50.7 sits in the neutral zone — momentum is neither stretched nor exhausted. The 1-year return of +104.4% compares to +20.5% for SPY (beat the market by 83.9%). The current 34.1% drawdown from the 52-week high reflects elevated risk for momentum-based strategies.