The Greedy Trader Weekly Analysis
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- 9/4/2026 -
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BlackRock (BLK) Technical Analysis

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Summary:
Weekly :Overbought sectorLane's Stochastic is overboughtStochastic has declined below the signal line
Daily :The price has fallen below the Parabolic SARLane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the BlackRock (BLK). During the week, the BLK dropped -42.19 points, or -3.62%, and closed at 1122.29 on Friday, September 4, 2026. It was the worst weekly loss since June 26, 2026. Weekly volume was -15% 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 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 982.25 and resistance is at 1320.84. 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 1187.17 on August 27, 2026. BLK gained -269.78 points, or -29.41%, in 24 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 966.55 and resistance is at 1193.51. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending 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. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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. Use the following link to access Lane's Stochastic help.

The weekly MACD line is above its signal line since July 10, 2026. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. 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 August 27, 2026 at 1187.17 and reached 1106.40 on September 2, 2026. BLK lost 80.77 points, or 6.80%, in 6 days. The price is now at the 19.67% retracement level.

Daily Technical Indicators: [See BLK daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range. Use the following link to access Williams' Percentage Range help.

The daily MACD line is below its signal line since August 19, 2026. This is an indication that the short-term trend is down.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 42.25
Williams' Percentage Range (W%R) 93.10
Strong Oversold
Lane's Stochastic (%D-Slow) 17.07
Oversold
Greed/Fear Indicator (GFI) 22.09
Moving Average Converg./Diverg. (MACD) 17.06
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.53
Williams' Percentage Range (W%R) 31.30
Lane's Stochastic (%D-Slow) 88.11
Overbought
Greed/Fear Indicator (GFI) 71.07
Moving Average Converg./Diverg. (MACD) 9.20
Trading Signals
Description Value Chart
Yearly Trendline Resistance 1320.84
Monthly Trendline Resistance 1209.17
Monthly Trendline Support 1197.74
Quarterly Trendline Resistance 1193.51
Upper Bollinger Band 1178.03
Parabolic System 1172.34
Weekly Stochastic Crossing 1164.84
20 Day Moving Average 1152.41
Price 1122.29
Daily Stochastic Crossing 1116.74
Lower Bollinger Band 1096.97
50 Day Moving Average 1092.07
Yearly Trendline Support 982.25
Quarterly Trendline Support 966.55
Sector and Industry
Description Name Rank
Sector Financials 10
Industry Asset Management & Custody Banks 102
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 1187.17
High Date 08/27/2026
Low 1106.40
Low Date 09/02/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 1187.17
High Date 08/27/2026
Low 1106.40
Low Date 09/02/2026
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 1209.17
Support 1197.74
Low 947.21
Low Date 06/29/2026
High 1187.17
High Date 08/27/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 1193.51
Support 966.55
Low 917.39
Low Date 03/12/2026
High 1187.17
High Date 08/27/2026
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 1320.84
Support 982.25
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.