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 (+16.45% over 10 days); strong 1-year return of +114.2%; 3-month momentum positive (+175.8%). Concerns: declining volume on rally — weak conviction (0.47x 30d avg). Currently 36.4% off its 52-week high. Score: +5/7.
BLZE is in a confirmed uptrend, trading above both its 50-day ($10.96) and 200-day ($6.70) moving averages. An RSI of 31.8 sits in the neutral zone — momentum is neither stretched nor exhausted. The 1-year return of +114.2% compares to +16.5% for SPY (beat the market by 97.7%). The current 36.4% drawdown from the 52-week high reflects elevated risk for momentum-based strategies.