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 (+18.82% over 10 days); strong 1-year return of +149.6%; 3-month momentum positive (+170.6%); rising volume confirms the move (1.49x 30d avg). Concerns: RSI 71 — overbought, elevated pullback risk. Currently 20.7% off its 52-week high. Score: +6/7.
BLZE is in a confirmed uptrend, trading above both its 50-day ($13.63) and 200-day ($7.23) moving averages. With an RSI of 71.1, momentum has stretched into overbought territory — short-term pullbacks are common from these levels. The 1-year return of +149.6% compares to +20.4% for SPY (beat the market by 129.2%). The current 20.7% drawdown from the 52-week high reflects elevated risk for momentum-based strategies.