Blend Labs Inc

BLND is in a Stage 2 advancing regime with medium-term bullish bias, confirmed by an active Lockout Rally pattern that underscores continuation asymmetry. Price is tightly tracking above rising 9- and 21-EMAs on expanding volume. Although the market is overbought, the Lockout Rally override justifies immediate participation. Favor buying on pullbacks into the EMA support zone and recent mid-$1.60s congestion area. Medium confidence is assigned given moderate stage transition risk and exhaustion clusters near resistance.

• ↑Q1 2026 revenue $30.8M (+15% YoY) with 13% operating margin
• ↑Customer pipeline grew 40% YoY, indicating robust demand
• ↓Rising mortgage rates add uncertainty to lending volume