BLACKROCK INC (BLK) Stock Technical Analysis
NYSE:BLK • US09290D1019
Taking everything into account, BLK scores 3 out of 10 in our technical rating. BLK has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- BLK is part of the Capital Markets industry. There are 238 other stocks in this industry. BLK outperforms 79% of them.
- In the last month BLK has a been trading in the 1017.00 - 1135.00 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- When comparing the performance of all stocks over the past year, BLK turns out to be only a medium performer in the overall market: it outperformed 58% of all stocks.
- BLK is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BLK is lagging the market.
Although the technical rating is bad, BLK does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 1091.80. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1083.87, a Stop Loss order could be placed below this zone.
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881.99
4 important support areas can be observed.
- A support zone ranging from 1060.17 to 1083.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1014.71 from a horizontal line in the weekly time frame.
- Support @969.18 from a horizontal line in the daily time frame.
- Support @890.90 from a trend line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 1091.80 to 1092.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 1161.16 to 1179.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1202.60 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for BLK is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BLK is neutral. |
| ChartMill Relative Strength | 58.89 | NEUTRAL | BLK is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of BLK is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of BLK is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BLK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.68 | NEUTRAL | The RSI value for BLK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.51 | POSITIVE | The MACD value suggests BLK has a positive trend. |
| Stochastics (14,3) | 73.91 | NEUTRAL | The Stochastics value for BLK is a neutral value. |
| Average True Range in percent/ATR (20) | 3.43 | MEDIUM VOLATILITY | The ATR as a percentage value for BLK suggests some volalility. |
| Average Directional Index/ADX (14) | 13.37 | NEGATIVE | The low ADX value for BLK suggests a weak or negative trend. |
1090.27
-3.51 (-0.32%)
BLACKROCK INC / BLK FAQ
Can you provide the ChartMill technical rating for BLACKROCK INC?
ChartMill assigns a technical rating of 3 / 10 to BLK.
What is the current trend direction of BLACKROCK INC (BLK) stock?
The current trend direction for BLACKROCK INC (BLK) is Bearish.
Can you provide the RSI signal for BLACKROCK INC?
BLACKROCK INC (BLK) has an RSI value of 50.6802. This indicates that the stock is currently neutral.
What is the MACD signal for BLACKROCK INC (BLK) stock?
The MACD indicator for BLACKROCK INC (BLK) has a value of 1.51392, indicating a bullish trend.
What is the short term momentum for BLACKROCK INC (BLK) stock?
The short term momentum for BLACKROCK INC (BLK) is neutral.