BLACKROCK INC (BLK)

US09247X1019 - Common Stock

844.37  +1.13 (+0.13%)

Technical Rating and Analysis

8

We assign a technical rating of 8 out of 10 to BLK. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, BLK is only an average performer.

The long and short term trends are both positive. This is looking good!
BLK is part of the Capital Markets industry. There are 222 other stocks in this industry. BLK outperforms 73% of them.
BLK is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
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.
Looking at the yearly performance, BLK did better than 73% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
Weekly and Daily overview Charts
BLK Weekly chart
BLK Daily chart
Setup Rating and Analysis

7

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.

Support and Resistance Analysis

625.06

852.81

When analyzing the support we can see 3 important areas.

  • A support zone ranging from 785.42 to 843.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 743.07 to 756.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @631.37 from a trend line in the weekly time frame.

Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS73.99
Mansfield-0.2
10 Day High851.88
10 Day Low791.52
20 Day High851.88
20 Day Low777.63
52 Week High851.88
52 Week Low596.18
Performance
1 Week2.46%
2 Weeks6.71%
1 Month7.06%
3 Month10.53%
6 Month7.11%
12 Month14.21%
2 Year26.01%
3 Year-2.76%
5 Year80.3%
10 Year176.72%
15 Year342.55%
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)
Technical Indicators
MACD(12,26,9)3.43
RSI(14)68.53
LBB776.38
UBB857.49
Example Setup

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.

ENTRYEXITDISTANCECAPITAL
843.96791.5152.45 (6.21%)16.09%
An entry @843.96. This is a Buy Stop order right above the resistance zone.An exit @791.51. This is a Stop Loss order right below the 10 day low.The worst case loss on the trade is limited to 52.45 points, which is 6.21%.When investing 16.09% of your capital in this trade, your total portfolio risk will be 1.00%.

  • 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.
BLK Daily chart

BLACKROCK INC

NYSE:BLK (7/23/2024, 12:20:48 PM)

844.37

+1.13 (+0.13%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg0.13%
1 Week2.46%
2 Weeks6.71%
1 Month7.06%
3 Month10.53%
6 Month7.11%
12 Month14.21%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)12.84
ATR(20)%1.5%
ATR Inc
Range Today6.71
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High851.88
10 Day Low791.52
20 Day High851.88
20 Day Low777.63
52 Week High851.88
52 Week Low596.18
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume244.14K
Volume Incr39.44%
Vol(5)752.80K
Vol(50)579.58K