BLACKROCK INC (BLK) Stock Technical Analysis
NYSE:BLK - New York Stock Exchange, Inc. - US09290D1019 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to BLK. Although BLK has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
When comparing the yearly performance of all stocks, we notice that BLK is one of the better performing stocks in the market, outperforming 83% of all stocks.
BLK is part of the Capital Markets industry. There are 230 other stocks in this industry. BLK outperforms 82% of them.
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 the 893.93 - 999.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although BLK has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
814.38
1,086.27
We found 4 important support areas.
- Support @963.17 from a horizontal line in the daily time frame.
- A support zone ranging from 925.85 to 947.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @843.58 from a trend line in the weekly time frame.
- Support @822.61 from a horizontal line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 975.43 to 994.60. 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 | 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 | 83.24 | POSITIVE | BLK has a high relative strength, it outperformed 83.24% 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) | 56 | NEUTRAL | The RSI value for BLK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.11 | POSITIVE | The MACD value suggests BLK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 67.15 | NEUTRAL | The Stochastics value for BLK is a neutral value. |
| Average True Range in percent/ATR (20) | 1.85 | LOW VOLATILITY | The low ATR as a percentage value for BLK suggests low volalility. |
| Average Directional Index/ADX (14) | 16.24 | 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)
963.18
-6.72 (-0.69%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg-0.69%
1 Week-2.68%
2 Weeks4.3%
1 Month6.11%
3 Month-1.13%
6 Month-7.07%
12 Month23.18%
2 Year46.48%
3 Year43.96%
5 Year82.2%
10 Year163.32%
15 Year473.73%
Volatility
ATR(14)17.55
ATR(20)%1.85%
ATR Inc-9.92%
Range Today19.43
ADR(20)15.4
ADR(20)%1.6%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.24
Mansfield0.18
10 Day High999
10 Day Low950.3
20 Day High999
20 Day Low893.94
52 Week High1084.22
52 Week Low752.3
CS1 End963.17
CR1 Start975.43
Volume & EV
DER(3)-1.26%
DER(5)-1.11%
Volume610.86K
Volume Incr-19.35%
Vol(5)521.92K
Vol(50)870.91K