The Greedy Trader Weekly Analysis
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- 8/28/2026 -
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BlackRock (BLK) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend support lineLane's Stochastic is overboughtWilliams' Percentage Range is strongly overbought
Daily :Williams' Percentage Range is overboughtThe price has risen above the Parabolic SAR
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It was a first positive week for the BlackRock (BLK). During the week, the BLK climbed 7.93 points, or 0.69%, and closed at 1164.48 on Friday, August 28, 2026. Weekly volume was -10% below average.

BLK is a member of Financials Sector. Financials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

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 979.48 and resistance is at 1318.07. 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 June 29, 2026 at 947.21 and reached 1187.17 on August 27, 2026. BLK gained -239.96 points, or -25.33%, in 8 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (1171.88) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.

Weekly Technical Indicators: [See BLK weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since July 10, 2026. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. 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 August 20, 2026 at 1139.29 and reached 1187.17 on August 27, 2026. BLK gained -47.88 points, or -4.20%, in 7 days. The price is now at the 47.39% retracement level.

Daily Technical Indicators: [See BLK daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range.

The daily MACD line is below its signal line since August 19, 2026. The distance between MACD and the signal line is low, but getting bigger.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.90
Williams' Percentage Range (W%R) 18.30
Overbought
Lane's Stochastic (%D-Slow) 68.00
Greed/Fear Indicator (GFI) 69.88
Moving Average Converg./Diverg. (MACD) 26.50
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.44
Williams' Percentage Range (W%R) 6.90
Strong Overbought
Lane's Stochastic (%D-Slow) 89.05
Overbought
Greed/Fear Indicator (GFI) 80.71
Overbought
Moving Average Converg./Diverg. (MACD) 5.25
Trading Signals
Description Value Chart
Yearly Trendline Resistance 1318.07
Monthly Trendline Resistance 1220.70
Upper Bollinger Band 1179.37
Monthly Trendline Support 1171.88
Daily Stochastic Crossing 1171.58
Weekly Stochastic Crossing 1170.57
Price 1164.48
20 Day Moving Average 1153.30
Parabolic System 1145.41
Lower Bollinger Band 1108.91
50 Day Moving Average 1080.72
Yearly Trendline Support 979.48
Sector and Industry
Description Name Rank
Sector Financials 10
Industry Asset Management & Custody Banks 115
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 1187.17
High Date 08/27/2026
Low 1158.32
Low Date 08/28/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 1139.29
Low Date 08/20/2026
High 1187.17
High Date 08/27/2026
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 1220.70
Support 1171.88
Low 947.21
Low Date 06/29/2026
High 1187.17
High Date 08/27/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
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 1318.07
Support 979.48
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.