BLACKROCK INC (BLK) Stock Technical Analysis
NYSE:BLK - New York Stock Exchange, Inc. - US09290D1019 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to BLK. In the last year, BLK was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
Besides having an excellent technical rating, BLK also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 987.98. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 963.17, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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2 important support areas can be observed.
- A support zone ranging from 946.15 to 963.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @846.57 from a trend line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 987.98 to 990.45. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The short term trend for BLK is up. |
| ChartMill Relative Strength | 83.9 | POSITIVE | BLK has a high relative strength, it outperformed 83.9% 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) | 59.46 | NEUTRAL | The RSI value for BLK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.34 | NEGATIVE | The MACD value suggests BLK has a negative trend. |
| Stochastics (14,3) | 65.07 | NEUTRAL | The Stochastics value for BLK is a neutral value. |
| Average True Range in percent/ATR (20) | 1.72 | LOW VOLATILITY | The low ATR as a percentage value for BLK suggests low volalility. |
| Average Directional Index/ADX (14) | 14.05 | NEGATIVE | The low ADX value for BLK suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 990.46 | 950.29 | 40.17 (4.06%) | 24.66% |
| An entry @990.46. This is a Buy Stop order right above the resistance zone. | An exit @950.29. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 40.17 points, which is 4.06%. | For a 1.00% total portfolio risk, you can invest 24.66% of your capital in this trade. |
- 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.
979.89
+3.57 (+0.37%)