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Candlesticks Name: | Bullish Doji |
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Number of records: 9 |
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Advanced TA SearchArchive - 5/3/2024 - Sign In to see current Signals. |
BlackRock (BLK) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was a second positive week after 3 consecutive negative weeks for the BlackRock (BLK). During the week, the BLK climbed 1.03 points, or 0.14%, and closed at 763.91 on Friday, May 3, 2024. Weekly volume was -11% 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 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 (642.18) 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 October 27, 2023 at 596.18 and reached 845.00 on March 8, 2024. BLK gained -248.82 points, or -41.74%, in 19 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (932.47) is broken. A broken support is considered to be a long-term bearish 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 support in a medium-term trend. Weekly Technical Indicators: [See BLK weekly technical indicators chart] Weekly technical indicators are neutral. The weekly MACD line is below its signal line since April 5, 2024. 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 March 8, 2024 at 845.00 and reached 745.55 on April 19, 2024. BLK lost 99.45 points, or 11.77%, in 42 days. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern. The trend support level is at 724.06 and resistance is at 843.44. 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 Right-Angled, Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Descending Wedge pattern in a short-term trend. 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.
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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 |
9 |
Industry |
Asset Management & Custody Banks |
55 |
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Daily Trend |
Description |
Value |
Direction |
Up |
Chart Pattern |
Uptrend |
Low |
745.55 |
Low Date |
04/19/2024 |
High |
771.55 |
High Date |
05/03/2024 |
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Weekly Trend |
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Description |
Value |
Direction |
Down |
Chart Pattern |
Broadening Right-Angled, Descending Wedge |
Status |
Valid |
Resistance |
843.44 |
Support |
724.06 |
High |
845.00 |
High Date |
03/08/2024 |
Low |
745.55 |
Low Date |
04/19/2024 |
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Description |
Value |
Direction |
Up |
Chart Pattern |
Rising Wedge |
Status |
Broken Support |
Resistance |
863.11 |
Support |
932.47 |
Low |
596.18 |
Low Date |
10/27/2023 |
High |
845.00 |
High Date |
03/08/2024 |
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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 |
845.00 |
High Date |
03/08/2024 |
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Description |
Value |
Direction |
Down |
Chart Pattern |
Symmetric Triangle |
Status |
Broken Resistance |
Resistance |
509.88 |
Support |
642.18 |
High |
973.03 |
High Date |
11/12/2021 |
Low |
503.12 |
Low Date |
10/13/2022 |
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