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BLSHBullishSell4.7·$27.38-0.44%
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Bullish (BLSH) Stock Analysis

Falling Knife setup

SellVALUE-TRAP 1/5Moderate Confidence

Technology · Software - Infrastructure

Sell if holding. Engine safety override at $27.38: Quality below floor (3.8 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 4.7/10 and A.R:R 3.8:1 is above the 1.5:1 BUY gate. Specifically: High short interest: 19%; Elevated put/call ratio: 6.75; Below-average business quality.

Bullish, a global digital asset platform that provides market infrastructure and information services in United States. The company operates Bullish Exchange, a digital assets spot and derivatives exchange that integrates a central limit order book matching engine with automated... Read more

$27.38+55.6% A.UpsideScore 4.7/10#68 of 77 Software - Infrastructure
QualityF-score8 / 9FCF yield-20.53%
Stop $25.31Target $42.33(analyst − 13%)A.R:R 3.8:1
Analyst target$48.65+77.7%10 analysts
$42.33our TP
$27.38price
$48.65mean
$65

Sell if holding. Engine safety override at $27.38: Quality below floor (3.8 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 4.7/10 and A.R:R 3.8:1 is above the 1.5:1 BUY gate. Specifically: High short interest: 19%; Elevated put/call ratio: 6.75; Below-average business quality. Chart setup: Death cross, below all MAs, RSI 27, MACD bearish. Score 4.7/10, moderate confidence.

Passes 7/9 gates (favorable risk/reward ratio, clean insider activity, no SEC red flags, news events none recent, earnings proximity 61d clear, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum and death cross (50MA < 200MA). Suitability: aggressive.

news + 30-day 8-K events · 5-min refresh

Recent developments

updated 2026-06-13
TrendMatrix Research · upcoming catalyst calendar

Upcoming dated catalysts

Thu, Aug 13, 202661d to earnings· next earnings call

Thesis

Rewards
No bull case signals
Risks
Quality below floor (3.8 < 4.0)

Key Metrics

P/E (TTM)
P/E (Fwd)31.5
Mkt Cap$4.1B
EV/EBITDA-8.8
Profit Mgn0.0%
ROE-44.6%
Rev Growth65.5%
Beta
DividendNone
Rating analysts18

Quality Signals

Piotroski F8/9MoatNarrow

Options Flow

P/C6.75bearish
IV80%elevated
Max Pain$90+228.7% vs spot

Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.

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Performance. Past performance is not indicative of future results. Performance figures reflect the published model only and do not reflect any individual subscriber's actual results.

Methodology · Editorial policy & full disclaimer

Rating Breakdown

4 floor-breakers·1 ceiling hit

Price action weak — below key moving averages, no momentum carry. Needs a base before trend-continuation setups apply.static

Macd
0.0
Volume
0.7
Obv
1.0
Ma Position
1.5
Rsi
3.0
Capitulation risk (RSI 27, below 200MA)Volume distribution (falling OBV)Below 200-MA, MA slope flat

Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static

Quality Rank
0.3
Value Rank
1.1
Growth Rank
9.5
Industry growth leader

No near-term catalyst priced in. Thesis progression will come from fundamentals grinding, not event reaction.static

Surprise Avg
0.0
Earnings History
3.3
Erm
5.0
Earnings Timing
5.0

Quality below the gate floor. Component breakdown shows what dragged the score down.static

Roe
0.0
Roa
0.0
Net Margin
0.0
Fcf Quality
0.0
Rule Of 40
3.0
Current Ratio
5.0
Moat
7.2
Piotroski F
8.9
Gross Margin
10.0
Cash-burning: FCF -316% of revenueRule of 40: -251 (fail)Strong Piotroski F-Score: 8/9
GatesMomentum 1.2<4.5Death cross (50MA < 200MA)A.R:R 3.8 ≥ 1.5Insider activity: OKNo SEC red flagsNEWS EVENTS NONE RECENTEARNINGS PROXIMITY 61d clearSEMI CYCLE PEAK CLEARMATERIALS CYCLE PEAK CLEARFalling KnifeSuitability: Aggressive
RSI
27 · Oversold
20D MA 50D MA 200D MADEATH CROSSSupport $26.01Resistance $38.96

Price Targets

$25
$42
A.Upside+54.6%
A.R:R3.8:1

Position Sizing

ConvictionNone
Suggested %0.5%
Max %1%
RegimeSteady

Risk Alerts

! Quality below floor (3.8 < 4.0)
! momentum at 1.2 (below the engine's 4.5 threshold)
! Death cross — 50-day MA below 200-day MA

Earnings

B
M
M
M
1/4 beats
Next Earnings2026-08-13 (61d)

Verdict History

reverse chrono — latest first
Loading history...
Verdicts are recorded on every nightly pipeline run. Rows capture transitions (verdict flips, score deltas ≥0.3, entry/TP/SL changes). Rows with a ▶ can be expanded to see the change reason. Aggregate cohort performance is tracked in the recommendation ledger.
Frequently Asked Questions
Is BLSH stock a buy right now?

Sell if holding. Engine safety override at $27.38: Quality below floor (3.8 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 4.7/10 and A.R:R 3.8:1 is above the 1.5:1 BUY gate. Specifically: High short interest: 19%; Elevated put/call ratio: 6.75; Below-average business quality. Chart setup: Death cross, below all MAs, RSI 27, MACD bearish. Prior stop was $25.31. Score 4.7/10, moderate confidence.

What is the BLSH stock price target?

Take-profit target: $42.33 (+55.6% upside). Prior stop was $25.31. Stop-loss: $25.31.

What are the risks of investing in BLSH?

Quality below floor (3.8 < 4.0).

Is BLSH overvalued or undervalued?

Bullish trades at a P/E of N/A (forward 31.5). TrendMatrix value score: 4.5/10. Verdict: Sell.

What do analysts say about BLSH?

18 analysts cover BLSH with a consensus score of 3.7/5. Average price target: $49.

What does Bullish do?Bullish, a global digital asset platform that provides market infrastructure and information services in United States....

Bullish, a global digital asset platform that provides market infrastructure and information services in United States. The company operates Bullish Exchange, a digital assets spot and derivatives exchange that integrates a central limit order book matching engine with automated market making to provide deep and predictable liquidity. It also offers CoinDesk Indices, a collection of tradable proprietary and single-asset benchmarks and indices that track the performance of digital assets to leading traditional finance institutions, including exchanges and asset managers; CoinDesk Data, a comprehensive suite of digital assets market data and analytics, providing real-time insights into prices, trends, and market dynamics; and CoinDesk Insights offers news, analysis, information, conferences and networking opportunities related to digital assets, blockchain technology and the broader financial technology industry. Bullish was founded in 2020 and is based in George Town, Cayman Islands.

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