The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

Archive
- 9/25/2026 -
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BlackRock (BLK) Technical Analysis

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Summary:
Weekly :
Daily :20 Day Moving Average has crossed below the 50 Day Moving AverageDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price is close to the moving average in the center of the Bollinger Bands
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It was a first positive week after 3 consecutive negative weeks for the BlackRock (BLK). During the week, the BLK gained 16.53 points, or 1.55%, and closed at 1086.31 on Friday, September 25, 2026. Weekly volume was -31% below average.

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 990.00 and resistance is at 1328.58. 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 972.20 and resistance is at 1208.30. 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 technical indicators are neutral.

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 low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 September 16, 2026 at 1017.46 and reached 1098.11 on September 22, 2026. BLK gained -80.65 points, or -7.93%, in 6 days. The price is now at the 14.63% retracement level.

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.

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.

The price is close to 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.

During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 42.09
Williams' Percentage Range (W%R) 64.60
Lane's Stochastic (%D-Slow) 73.23
Greed/Fear Indicator (GFI) 50.25
Moving Average Converg./Diverg. (MACD) -13.70
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.90
Williams' Percentage Range (W%R) 46.20
Lane's Stochastic (%D-Slow) 55.10
Greed/Fear Indicator (GFI) 54.89
Moving Average Converg./Diverg. (MACD) 13.43
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 1208.30
Upper Bollinger Band 1155.35
50 Day Moving Average 1108.38
Weekly Stochastic Crossing 1095.01
20 Day Moving Average 1088.80
Price 1086.31
Monthly Trendline Resistance 1082.39
Daily Stochastic Crossing 1071.83
Monthly Trendline Support 1059.49
Parabolic System 1028.75
Lower Bollinger Band 1020.04
Yearly Trendline Support 990.00
Quarterly Trendline Support 972.20
Sector and Industry
Description Name Rank
Sector Financials 7
Industry Asset Management & Custody Banks 79
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 1053.49
Low Date 09/24/2026
High 1087.83
High Date 09/25/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 1017.46
Low Date 09/16/2026
High 1098.11
High Date 09/22/2026
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 1082.39
Support 1059.49
High 1187.17
High Date 08/27/2026
Low 1017.46
Low Date 09/16/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 1208.30
Support 972.20
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 1328.58
Support 990.00
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.