BLACKROCK INC (BLK) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BLK - US09290D1019 - Common Stock
Overall BLK gets a technical rating of 3 out of 10. In the last year, BLK was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
BLK has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 1084.02, a Stop Loss order could be placed below this zone.
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873.36
When analyzing the support we can see 4 important areas.
- A support zone ranging from 1060.17 to 1084.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1014.71 to 1030.81. 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 @882.18 from a trend line in the weekly time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 1089.65 to 1091.80. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @1112.23 from a trend line 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 | UP | POSITIVE | The long term trend for BLK is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BLK is neutral. |
| ChartMill Relative Strength | 43.82 | 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) | 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) | 52.35 | NEUTRAL | The RSI value for BLK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests BLK has a negative trend. |
| Stochastics (14,3) | 39.6 | NEUTRAL | The Stochastics value for BLK is a neutral value. |
| Average True Range in percent/ATR (20) | 1.78 | LOW VOLATILITY | The low ATR as a percentage value for BLK suggests low volalility. |
| Average Directional Index/ADX (14) | 13.21 | NEGATIVE | The low ADX value for BLK suggests a weak or negative trend. |
1089.26
+4.16 (+0.38%)
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 Bullish.
Can you provide the RSI signal for BLACKROCK INC?
BLACKROCK INC (BLK) has an RSI value of 52.3472. 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 -0.0237731, indicating a bearish trend.
What is the short term momentum for BLACKROCK INC (BLK) stock?
The short term momentum for BLACKROCK INC (BLK) is neutral.