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Archive
- 5/29/2026 -
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BlackRock (BLK) Technical Analysis
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| Summary:
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| | It was the negative week for the BlackRock (BLK). During the week, the BLK dropped -26.12 points, or -2.43%, and closed at 1046.88 on Friday, May 29, 2026. It was the worst weekly loss since March 13, 2026. Weekly volume was 10% above average.
BLK is a member of Financials Sector. Financials is the second 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 trend support level is at 929.48 and resistance is at 1257.44. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.
 Medium-term trend: [See BLK medium-term trend chart]
A medium-term downtrend had started on October 15, 2025 at 1219.94 and reached 917.39 on March 12, 2026. BLK lost 302.55 points, or 24.80%, in 21 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 864.69 and resistance is at 1126.50. 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See BLK weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. 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 Lane's Stochastic help.
The weekly MACD line is above its signal line since April 24, 2026. 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 May 14, 2026 at 1111.09 and reached 1030.19 on May 20, 2026. BLK lost 80.90 points, or 7.28%, in 6 days. The price is now at the 20.63% retracement level.
 Daily Technical Indicators: [See BLK daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. Use the following link to access Williams' Percentage Range help.
The daily MACD line is below its signal line since May 18, 2026. 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.
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