BLACKROCK INC (BLK) Stock Technical Analysis
NYSE:BLK - New York Stock Exchange, Inc. - US09290D1019 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to BLK. BLK was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
When comparing the yearly performance of all stocks, we notice that BLK is one of the better performing stocks in the market, outperforming 80% of all stocks.
BLK is part of the Capital Markets industry. There are 232 other stocks in this industry. BLK outperforms 77% of them.
BLK is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
BLK is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so BLK is lagging the market slightly.
In the last month BLK has a been trading in a tight range between 950.30 and 1003.31.
Besides having an excellent technical rating, BLK also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 971.81, a Stop Loss order could be placed below this zone.
More info and screens
846.99
1,086.27
When analyzing the support we can see 2 important areas.
- A support zone ranging from 958.56 to 971.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @855.55 from a trend line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 980.17 to 989.38. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @1053.84 from a horizontal line in the daily time frame.
- A resistance zone ranging from 1075.51 to 1075.51. 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 | 80.21 | POSITIVE | BLK has a high relative strength, it outperformed 80.21% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BLK is below a declining 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) | 53.56 | NEUTRAL | The RSI value for BLK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -3.56 | NEGATIVE | The MACD value suggests BLK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 31.15 | NEUTRAL | The Stochastics value for BLK is a neutral value. |
| Average True Range in percent/ATR (20) | 1.56 | LOW VOLATILITY | The low ATR as a percentage value for BLK suggests low volalility. |
| Average Directional Index/ADX (14) | 10.75 | NEGATIVE | The low ADX value for BLK suggests a weak or negative 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 989.39 | 965.62 | 23.77 (2.40%) | 25.00% |
| An entry @989.39. This is a Buy Stop order right above the resistance zone. | An exit @965.62. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 23.77 points, which is 2.40%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.60%. |
- 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.
979.52
+10.34 (+1.07%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg1.07%
1 Week-1.39%
2 Weeks-0.96%
1 Month-1.82%
3 Month2.92%
6 Month-4.78%
12 Month24.37%
2 Year41.73%
3 Year60.83%
5 Year80.03%
10 Year183.12%
15 Year583.07%
Volatility
ATR(14)14.3
ATR(20)%1.56%
ATR Inc40.85%
Range Today21.82
ADR(20)14.24
ADR(20)%1.45%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.21
Mansfield-0.06
10 Day High1003.31
10 Day Low965.63
20 Day High1003.31
20 Day Low950.3
52 Week High1084.22
52 Week Low773.74
CS1 End971.81
CR1 Start980.17
Volume & EV
DER(3)0.12%
DER(5)0.12%
Volume662.70K
Volume Incr1.77%
Vol(5)608.60K
Vol(50)686.63K