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Uptrend ExhaustionArchive
- 1/3/2025 -
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BlackRock (BLK) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the BlackRock (BLK). During the week, the BLK dropped -23.00 points, or -2.20%, and closed at 1021.00 on Friday, January 3, 2025. 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 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 12.56% 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 18.13% retracement level.
 Weekly Technical Indicators: [See BLK weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since July 12, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 December 11, 2024 at 1082.00 and reached 1002.00 on December 20, 2024. BLK lost 80.00 points, or 7.39%, in 9 days. Price is near the Fibonacci 23.6% 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.
The daily MACD line is below its signal line since December 17, 2024. This is an indication that the short-term trend is down.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. 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.
During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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