BLACKROCK INC (BLK) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BLK - US09290D1019 - Common Stock
We assign a technical rating of 4 out of 10 to BLK. In the past year, BLK was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
Although the technical rating is only medium, BLK does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. 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 1083.29, a Stop Loss order could be placed below this zone.
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5 important support areas can be observed.
- A support zone ranging from 1074.72 to 1083.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1049.65 from a trend line in the weekly time frame.
- A support zone ranging from 1014.71 to 1020.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @969.18 from a horizontal line in the daily time frame.
- Support @879.28 from a trend line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 1091.80 to 1093.93. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @1161.17 from a horizontal line in the weekly time frame.
- 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 | UP | POSITIVE | The short term trend for BLK is up. |
| ChartMill Relative Strength | 42.21 | NEUTRAL | BLK is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BLK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of BLK is above a declining 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) | 55.87 | NEUTRAL | The RSI value for BLK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.91 | POSITIVE | The MACD value suggests BLK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 62.47 | NEUTRAL | The Stochastics value for BLK is a neutral value. |
| Average True Range in percent/ATR (20) | 1.66 | LOW VOLATILITY | The low ATR as a percentage value for BLK suggests low volalility. |
| Average Directional Index/ADX (14) | 14.54 | NEGATIVE | The low ADX value for BLK suggests a weak or negative trend. |
1088.4
+0.29 (+0.03%)
BLACKROCK INC / BLK FAQ
Can you provide the ChartMill technical rating for BLACKROCK INC?
ChartMill assigns a technical rating of 4 / 10 to BLK.
Can you provide the trend direction for BLACKROCK INC?
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 55.8719. 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 2.91463, indicating a bullish trend.
What is the support and resistance level for BLK stock?
BLACKROCK INC (BLK) has a support level at 1083.29 and a resistance level at 1091.8. Check the full technical report for our detailed analysis of BLK support and resistance levels.