BLACKROCK INC (BLK) Technical Analysis
NYSE:BLK • US09290D1019
Current stock price
BLK Technical Rating and Analysis
Overall BLK gets a technical rating of 4 out of 10. In the past year, BLK was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- BLK is part of the Capital Markets industry. There are 239 other stocks in this industry. BLK outperforms 74% 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.
- Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
- When compared to the yearly performance of all other stocks, BLK outperforms 46% of them, which is more or less in line with the market.
- 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.
BLK Weekly and Daily overview Charts
BLK Setup Rating and Analysis
Although the technical rating is only medium, BLK does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 1054.56. Right above this resistance zone may be a good entry point.
More info and screens
BLK Support and Resistance Analysis
913.66
When analyzing the support we can see 2 important areas.
- A support zone ranging from 1011.40 to 1025.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 922.89 to 938.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 1054.56 to 1059.91. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 1091.80 to 1093.78. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @1120.67 from a trend line in the daily time frame.
- A resistance zone ranging from 1161.16 to 1163.18. This zone is formed by a combination of multiple trend lines in the weekly time frame.
BLK Technical Indicator Signal Analysis
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 | 46.73 | NEUTRAL | BLK is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of BLK is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BLK is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58 | NEUTRAL | The RSI value for BLK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 4.19 | POSITIVE | The MACD value suggests BLK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 77.21 | NEUTRAL | The Stochastics value for BLK is a neutral value. |
| Average True Range in percent/ATR (20) | 2.63 | MEDIUM VOLATILITY | The ATR as a percentage value for BLK suggests some volalility. |
| Average Directional Index/ADX (14) | 18.38 | NEGATIVE | The low ADX value for BLK suggests a weak or negative trend. |
BLK Chart- and CandleStick Pattern Analysis
BLK Technicals: Chart, Performance Metrics, Trend & Indicators
1049.76
-7.1 (-0.67%)
BLACKROCK INC / BLK TA FAQ
Can you provide the ChartMill technical rating for BLACKROCK INC?
ChartMill assigns a technical rating of 4 / 10 to BLK.
What is the current trend direction of BLACKROCK INC (BLK) stock?
The current trend direction for BLACKROCK INC (BLK) is Bearish.
What is the RSI signal for BLK stock?
BLACKROCK INC (BLK) has an RSI value of 57.9978. This indicates that the stock is currently neutral.
What is the support and resistance level for BLK stock?
BLACKROCK INC (BLK) has a support level at 1025.21 and a resistance level at 1054.56. Check the full technical report for our detailed analysis of BLK support and resistance levels.