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Advanced TA SearchArchive - 5/3/2024 - Sign In to see current Signals. |
BlackRock (BLK) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was a second positive week after 3 consecutive negative weeks for the BlackRock (BLK). During the week, the BLK climbed 1.03 points, or 0.14%, and closed at 763.91 on Friday, May 3, 2024. Weekly volume was -11% 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 downtrend had started on November 12, 2021 at 973.03 and reached 503.12 on October 13, 2022. BLK lost 469.91 points, or 48.29%, in 47 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (642.18) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a long-term trend. Medium-term trend: [See BLK medium-term trend chart] A medium-term uptrend had started on October 27, 2023 at 596.18 and reached 845.00 on March 8, 2024. BLK gained -248.82 points, or -41.74%, in 19 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (932.47) 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 technical indicators are neutral. The weekly MACD line is below its signal line since April 5, 2024. 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 March 8, 2024 at 845.00 and reached 745.55 on April 19, 2024. BLK lost 99.45 points, or 11.77%, in 42 days. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern. The trend support level is at 724.06 and resistance is at 843.44. A Broadening Descending 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 Right-Angled, Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Descending Wedge pattern in a short-term trend. 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.
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