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| Weekly Pattern: | Falling Channel |
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- 7/19/2024 -
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BlackRock (BLK) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a third consecutive positive week for the BlackRock (BLK). During the week, the BLK climbed 2.73 points, or 0.33%, and closed at 830.70 on Friday, July 19, 2024. Weekly volume was 25% 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 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 (660.72) 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 April 19, 2024 at 745.55 and reached 851.88 on July 18, 2024. BLK gained -106.33 points, or -14.26%, in 12 weeks. The price is now at the 19.92% retracement level.
 Weekly Technical Indicators: [See BLK weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with 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 link to access Williams' Percentage Range help.
During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 June 11, 2024 at 752.30 and reached 851.88 on July 18, 2024. BLK gained -99.58 points, or -13.24%, in 37 days. The chart has formed a Broadening Ascending Wedge chart pattern.
 Daily Technical Indicators: [See BLK daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Use the following link to access Lane's Stochastic help.
The daily MACD line is above its signal line since June 17, 2024. This is an indication that the short-term trend is up.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Financials |
10 |
| Industry |
Asset Management & Custody Banks |
68 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Low |
752.30 |
| Low Date |
06/11/2024 |
| High |
851.88 |
| High Date |
07/18/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
745.55 |
| Low Date |
04/19/2024 |
| High |
851.88 |
| High Date |
07/18/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
596.18 |
| Low Date |
10/27/2023 |
| High |
851.88 |
| High Date |
07/18/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
503.12 |
| Low Date |
10/13/2022 |
| High |
851.88 |
| High Date |
07/18/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Symmetric Triangle |
| Status |
Broken Resistance |
| Resistance |
471.04 |
| Support |
660.72 |
| High |
973.03 |
| High Date |
11/12/2021 |
| Low |
503.12 |
| Low Date |
10/13/2022 |
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