BLACKROCK INC (BLK) Stock Technical Analysis
NYSE:BLK • US09290D1019
Taking everything into account, BLK scores 2 out of 10 in our technical rating. BLK has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- BLK is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- BLK is one of the better performing stocks in the Capital Markets industry, it outperforms 75% of 238 stocks in the same industry.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- 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 53% of all stocks.
- BLK is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BLK is lagging the market.
The technical rating of BLK is bad and it also does not present a quality setup 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.
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879.12
When analyzing the support we can see 3 important areas.
- Support @1014.71 from a horizontal line in the weekly time frame.
- Support @969.18 from a horizontal line in the daily time frame.
- Support @888.00 from a trend line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 1060.17 to 1060.91. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 1080.22 to 1105.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 1161.16 to 1179.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1202.60 from a horizontal line in the daily time frame.
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 | DOWN | NEGATIVE | The short term trend for BLK is down. |
| ChartMill Relative Strength | 53.24 | NEUTRAL | BLK is not amongst the best or worst performers 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 | MIXED | The current price of BLK is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of BLK is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 40.66 | NEUTRAL | The RSI value for BLK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -5.79 | NEGATIVE | The MACD value suggests BLK has a negative trend. |
| Stochastics (14,3) | 38.08 | NEUTRAL | The Stochastics value for BLK is a neutral value. |
| Average True Range in percent/ATR (20) | 3.35 | MEDIUM VOLATILITY | The ATR as a percentage value for BLK suggests some volalility. |
| Average Directional Index/ADX (14) | 15.11 | NEGATIVE | The low ADX value for BLK suggests a weak or negative trend. |
1055.63
-27.25 (-2.52%)
BLACKROCK INC / BLK FAQ
Can you provide the ChartMill technical rating for BLACKROCK INC?
ChartMill assigns a technical rating of 2 / 10 to BLK.
What is the current trend direction of BLACKROCK INC (BLK) stock?
The current trend direction for BLACKROCK INC (BLK) is Bearish.
Can you provide the RSI signal for BLACKROCK INC?
BLACKROCK INC (BLK) has an RSI value of 40.661. This indicates that the stock is currently neutral.
What is the MACD signal for BLACKROCK INC (BLK) stock?
The MACD indicator for BLACKROCK INC (BLK) has a value of -5.79005, indicating a bearish trend.
What is the short term momentum for BLACKROCK INC (BLK) stock?
The short term momentum for BLACKROCK INC (BLK) is negative.