BLACKROCK INC (BLK)       703.44  -5.72 (-0.81%)

703.44  -5.72 (-0.81%)

US09247X1019 - Common Stock - After market: 703.44 0 (0%)

Technical Rating

8

Taking everything into account, BLK scores 8 out of 10 in our technical rating. Although BLK is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.



The long and short term trends are both positive. This is looking good!
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 45% of all stocks.
BLK is part of the Capital Markets industry. There are 202 other stocks in this industry, BLK did better than 48% of them.
BLK is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
In the last month BLK has a been trading in the 693.29 - 785.65 range, which is quite wide. It is currently trading near the lows of this range.

Statistics

1 Month 3 Months 6 Months 12 Months 5.05% 1.15% 13.89% -23.97% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 45.24 503.124 - 933.06
BLK Weekly chart
BLK Daily chart

Support/Resistance Analysis


656.24

790.05
When analyzing the support we can see 2 important areas.
  • A support zone ranging from 700.81 to 703.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @662.87 from a horizontal line in the daily time frame.
We found 1 important resistance area.
  • A resistance zone ranging from 757.07 to 782.23. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

6

BLK has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 703.43, a Stop Loss order could be placed below this zone.


Possible Trading Setup

The following trade can be suggested based on the decent technical rating and setup score.


ENTRYEXITDISTANCECAPITAL
715.99700.8015.19 (2.12%)25.00%
An entry @715.99. This is a Buy Stop order right above the 10 day moving average.An exit @700.80. This is a Stop Loss order right below the support zone.The trade has a worst case loss of 15.19 points, which is 2.12%.When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.53%.

  • The distance between exit and entry is rather small compared to the average daily movement of BLK. Please evaluate whether better entry and exit points can be found.
  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
BLK Daily chart

BLACKROCK INC703.44

NYSE:BLK (12/8/2022, 4:05:00 PM)-5.72 (-0.81%)

After market: 703.44 0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Financials
GICS Industry Capital Markets
Performance
Today -0.81% 1 Week -2.59%
2 Weeks -4.47% 1 Month 5.05%
3 Month 1.15% 6 Month 13.89%
Volatility
ATR(14) 15.23 ATR(20)% 3.27%
ATR Inc -1.81% Range Today 13.82
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 45.24 Mansfield 0.53
10 Day High 739.85 10 Day Low 693.29
20 Day High 785.65 20 Day Low 693.29
52 Week High 933.06 52 Week Low 503.12
CS1 End 703.43 CR1 Start 757.07
Volume & EV
DER(3) 0.59% DER(5) 0.89%
Volume 625.79K Volume Incr 0.48%
Vol(5) 917.53K Vol(50) 914.57K

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