The Greedy Trader Weekly Analysis
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Uptrend Support

Uptrend Support stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Stock market alert is a warning signal. Uptrend Support stock alert indicates that price is near long-term support trendline and probability of short-term trend reversal is high. The strategy here is to take advantage of established uptrend price pullback and entering the long position just prior to the continuation of the trend. The strategy has relatively low risk.

Uptrend Support

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- 6/26/2026 -
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BlackRock (BLK) Technical Analysis

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Summary:
Weekly :Overbought sectorWeekly  MACD line has moved below its signal lineTrend support at 938.92Broken trend support line
Daily :Daily  MACD line has moved below its signal lineThe price is below the lower Bollinger BandWilliams' Percentage Range is oversoldLane's Stochastic and MACD bullish divergence
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It was the negative week for the BlackRock (BLK). During the week, the BLK dropped -85.38 points, or -8.13%, and closed at 964.71 on Friday, June 26, 2026. It was the worst weekly loss since March 6, 2026. Weekly volume was 91% 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 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 price is near the trend support (938.92) line. The support is usually stronger when technical indicators are oversold. 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 support line 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 1111.09 on May 14, 2026. BLK gained -193.70 points, or -21.11%, in 9 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (1002.37) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. BLK may retest the broken support line. It is considered to be a resistance line now. 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 technical indicators are neutral.

During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help.

Short-term trend: [See BLK short-term trend chart]
A short-term downtrend had started on June 18, 2026 at 1076.51 and reached 962.68 on June 26, 2026. BLK lost 113.83 points, or 10.57%, in 8 days. Price is near the trend low.

Daily Technical Indicators: [See BLK daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range. Daily Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 and Williams' Percentage Range help.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. 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) 40.46
Williams' Percentage Range (W%R) 91.10
Strong Oversold
Lane's Stochastic (%D-Slow) 22.35
Bullish
Greed/Fear Indicator (GFI) 23.90
Moving Average Converg./Diverg. (MACD) -7.44 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.81
Williams' Percentage Range (W%R) 72.50
Lane's Stochastic (%D-Slow) 44.75
Greed/Fear Indicator (GFI) 40.82
Moving Average Converg./Diverg. (MACD) -8.70
Trading Signals
Description Value Chart
Upper Bollinger Band 1074.92
Monthly Trendline Resistance 1069.30
Parabolic System 1058.52
50 Day Moving Average 1044.78
Weekly Stochastic Crossing 1017.75
20 Day Moving Average 1017.52
Monthly Trendline Support 1002.37
Daily Stochastic Crossing 973.97
Lower Bollinger Band 966.64
Price 964.71
Yearly Trendline Support 938.92
Sector and Industry
Description Name Rank
Sector Financials 11
Industry Asset Management & Custody Banks 99
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 1076.51
High Date 06/18/2026
Low 962.68
Low Date 06/26/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 1111.09
High Date 05/14/2026
Low 962.68
Low Date 06/26/2026
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 1069.30
Support 1002.37
Low 917.39
Low Date 03/12/2026
High 1111.09
High Date 05/14/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 1219.94
High Date 10/15/2025
Low 917.39
Low Date 03/12/2026
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 1266.88
Support 938.92
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.