The Greedy Trader Weekly Analysis
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- 7/17/2026 -
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BlackRock (BLK) Technical Analysis

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Summary:
Weekly :Overbought sectorMACD bearish divergenceWeekly  MACD line has moved above its signal linePrice is near the Fibonacci 23.6% retracement level
Daily :The price has risen above the Parabolic SAR
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It was a third consecutive positive week for the BlackRock (BLK). During the week, the BLK gained 36.09 points, or 3.48%, and closed at 1072.20 on Friday, July 17, 2026. Weekly volume was 49% 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 trend support level is at 945.88 and resistance is at 1273.84. 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 uptrend had started on March 12, 2026 at 917.39 and reached 1125.00 on July 16, 2026. BLK gained -207.61 points, or -22.63%, in 18 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Weekly Technical Indicators: [See BLK weekly technical indicators chart]
Weekly technical indicators are neutral. Weekly MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with weekly MACD bearish 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.

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 29, 2026 at 947.21 and reached 1125.00 on July 16, 2026. BLK gained -177.79 points, or -18.77%, in 17 days. The price is now at the 29.70% retracement level.

Daily Technical Indicators: [See BLK daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since July 6, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 72.20
Williams' Percentage Range (W%R) 31.90
Lane's Stochastic (%D-Slow) 76.12
Greed/Fear Indicator (GFI) 72.14
Moving Average Converg./Diverg. (MACD) 0.17
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.35
Williams' Percentage Range (W%R) 27.30
Lane's Stochastic (%D-Slow) 38.67
Greed/Fear Indicator (GFI) 54.36
Moving Average Converg./Diverg. (MACD) -10.22 Bearish
Trading Signals
Description Value Chart
Yearly Trendline Resistance 1273.84
Upper Bollinger Band 1111.12
Daily Stochastic Crossing 1088.73
Price 1072.20
50 Day Moving Average 1035.99
Parabolic System 1016.27
20 Day Moving Average 1015.03
Weekly Stochastic Crossing 1013.36
Lower Bollinger Band 949.23
Yearly Trendline Support 945.88
Sector and Industry
Description Name Rank
Sector Financials 12
Industry Asset Management & Custody Banks 106
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 982.99
Low Date 07/08/2026
High 1125.00
High Date 07/16/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 947.21
Low Date 06/29/2026
High 1125.00
High Date 07/16/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 917.39
Low Date 03/12/2026
High 1125.00
High Date 07/16/2026
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 Valid
Resistance 1273.84
Support 945.88
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.