BLACKROCK INC (BLK) Stock Technical Analysis
NYSE:BLK - New York Stock Exchange, Inc. - US09290D1019 - Common Stock - Currency: USD
Overall BLK gets a technical rating of 9 out of 10. Both in the recent history as in the last year, BLK has proven to be a steady performer, scoring decent points in every aspect analyzed.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
Looking at the yearly performance, BLK did better than 81% of all other stocks.
BLK is one of the better performing stocks in the Capital Markets industry, it outperforms 75% of 233 stocks in the same industry.
BLK is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so BLK is lagging the market slightly.
In the last month BLK has a been trading in the 965.63 - 1112.13 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although BLK has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
858.85
1,122.58
3 important support areas can be observed.
- A support zone ranging from 1026.73 to 1046.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 963.18 to 974.07. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @867.53 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 1101.65 to 1111.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 81.29 | POSITIVE | BLK has a high relative strength, it outperformed 81.29% off all stocks 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) | UP | POSITIVE | The current price of BLK is above 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) | 52.11 | NEUTRAL | The RSI value for BLK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.83 | POSITIVE | The MACD value suggests BLK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.22 | NEUTRAL | The Stochastics value for BLK is a neutral value. |
| Average True Range in percent/ATR (20) | 1.9 | LOW VOLATILITY | The low ATR as a percentage value for BLK suggests low volalility. |
| Average Directional Index/ADX (14) | 32.7 | POSITIVE | The high ADX value value for BLK suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
1046.16
-65.3 (-5.88%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg-5.88%
1 Week-2.68%
2 Weeks-0.29%
1 Month7.65%
3 Month19.45%
6 Month4.1%
12 Month25.94%
2 Year41.59%
3 Year56.33%
5 Year81.94%
10 Year211.06%
15 Year564.27%
Volatility
ATR(14)20.65
ATR(20)%1.9%
ATR Inc169.69%
Range Today42.7
ADR(20)17.12
ADR(20)%1.64%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.29
Mansfield0.08
10 Day High1112.13
10 Day Low1033.77
20 Day High1112.13
20 Day Low965.63
52 Week High1112.13
52 Week Low773.74
CS1 End1046.15
CR1 Start1101.65
Volume & EV
DER(3)-0.95%
DER(5)-0.29%
Volume1.94M
Volume Incr34.05%
Vol(5)789.93K
Vol(50)622.26K