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Downtrend Broken Resist.Archive
- 12/13/2024 -
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BlackRock (BLK) Technical Analysis
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| Summary:
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| | It was a second consecutive positive week for the BlackRock (BLK). During the week, the BLK gained 14.13 points, or 1.35%, and closed at 1057.00 on Friday, December 13, 2024. Weekly volume was 36% above 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 27, 2023 at 596.18 and reached 1082.00 on December 11, 2024. BLK gained -485.82 points, or -81.49%, in 58 weeks. The price is now at the 5.15% retracement level.
Medium-term trend: [See BLK medium-term trend chart]
A medium-term uptrend had started on April 19, 2024 at 745.55 and reached 1082.00 on December 11, 2024. BLK gained -336.45 points, or -45.13%, in 33 weeks. The price is now at the 7.43% retracement level.
 Weekly Technical Indicators: [See BLK weekly technical indicators chart]
Weekly Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. 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, Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is above its signal line since July 12, 2024. This is an indication that the medium-term trend is up. 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 December 4, 2024 at 1012.48 and reached 1082.00 on December 11, 2024. BLK gained -69.52 points, or -6.87%, in 7 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Daily Technical Indicators: [See BLK daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
 Candlestick pattern: [See BLK candlestick chart pattern]
On Friday the chart has formed a Bullish Doji Candlestick pattern. Use the Technical Stock Screener to see the list of stocks that had a Bullish Doji Candlestick pattern during the last week.
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