The Greedy Trader Weekly Analysis
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- 10/9/2026 -
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BlackRock (BLK) Technical Analysis

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Summary:
Weekly :
Daily :The price has fallen below the Parabolic SARTrend resistance at 1083.29The price moved above the moving average in the center of the Bollinger BandsThe Bollinger Bands are historically close together
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It was a first positive week for the BlackRock (BLK). During the week, the BLK gained 22.76 points, or 2.15%, and closed at 1082.39 on Friday, October 9, 2026. It was the best weekly gain since August 14, 2026. Weekly volume was -34% below average.

Long-term trend: [See BLK long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 503.12 and reached 1219.94 on October 15, 2025. BLK gained -716.82 points, or -142.47%, in 156 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 995.53 and resistance is at 1334.12. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.

Medium-term trend: [See BLK medium-term trend chart]
A medium-term uptrend had started on March 12, 2026 at 917.39 and reached 1187.17 on August 27, 2026. BLK gained -269.78 points, or -29.41%, in 24 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 976.23 and resistance is at 1218.87. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See BLK weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since September 25, 2026. The distance between MACD and the signal line is low, but getting bigger. Use the following link to access a MACD help.

Short-term trend: [See BLK short-term trend chart]
A short-term uptrend had started on September 16, 2026 at 1017.46 and reached 1098.11 on September 22, 2026. BLK gained -80.65 points, or -7.93%, in 6 days. The chart has formed a Symmetric Triangle chart pattern. The price is near the trend resistance line (1083.29). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a short-term trend.

Daily Technical Indicators: [See BLK daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since September 24, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands (4.28%) is close to one year low (4.09%). It is 61.22% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.27
Williams' Percentage Range (W%R) 36.90
Lane's Stochastic (%D-Slow) 65.84
Greed/Fear Indicator (GFI) 58.74
Moving Average Converg./Diverg. (MACD) -10.73
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.92
Williams' Percentage Range (W%R) 49.50
Lane's Stochastic (%D-Slow) 33.07
Greed/Fear Indicator (GFI) 44.42
Moving Average Converg./Diverg. (MACD) 12.65
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 1218.87
50 Day Moving Average 1109.05
Upper Bollinger Band 1099.66
Parabolic System 1094.64
Weekly Trendline Resistance 1083.29
Price 1082.39
Daily Stochastic Crossing 1074.20
20 Day Moving Average 1067.38
Weekly Stochastic Crossing 1067.21
Lower Bollinger Band 1053.34
Weekly Trendline Support 1051.66
Monthly Trendline Support 1047.48
Monthly Trendline Resistance 1030.00
Yearly Trendline Support 995.53
Quarterly Trendline Support 976.23
Sector and Industry
Description Name Rank
Sector Financials 7
Industry Asset Management & Custody Banks 63
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 1040.42
Low Date 10/05/2026
High 1086.69
High Date 10/09/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Test Resistance
Resistance 1083.29
Support 1051.66
Low 1017.46
Low Date 09/16/2026
High 1098.11
High Date 09/22/2026
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 1030.00
Support 1047.48
High 1187.17
High Date 08/27/2026
Low 1017.46
Low Date 09/16/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 1218.87
Support 976.23
Low 917.39
Low Date 03/12/2026
High 1187.17
High Date 08/27/2026
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 1334.12
Support 995.53
Low 503.12
Low Date 10/13/2022
High 1219.94
High Date 10/15/2025
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.