BLACKROCK INC. - 1H - Technical analysis published on 03/18/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
17%
72%
11%
My opinion
Bearish under 813.95 USD
My targets
790.38 USD (-1.45%)
773.96 USD (-3.50%)
My analysis
BLACKROCK INC. is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 813.95 USD. The next support located at 790.38 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 773.96 USD. Below this support, sellers could then target 765.25 USD.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
6.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
BLACKROCK INC. rating 802.00 USD. The price registered a decrease of -0.07% on the session with the lowest point at 802.00 USD and the highest point at 806.27 USD. The deviation from the price is 0% for the low point and -0.53% for the high point.802.00
806.27
802.00
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this BLACKROCK INC. chart shows a bearish trend. The signals given by moving averages are 75.00% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are strongly bearish, suggesting that the price decline is expected to continue.
Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Near support of channel
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 773.96 | 790.38 | 800.50 | 802.00 | 813.95 | 836.12 | 845.00 |
| Change (%) | -3.50% | -1.45% | -0.19% | - | +1.49% | +4.25% | +5.36% |
| Change | -28.04 | -11.62 | -1.50 | - | +11.95 | +34.12 | +43.00 |
| Level | Minor | Intermediate | Major | - | Major | Intermediate | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 780.51 | 789.43 | 795.97 | 804.89 | 811.43 | 820.35 | 826.89 |
| Camarilla | 798.27 | 799.69 | 801.10 | 802.52 | 803.94 | 805.35 | 806.77 |
| Woodie | 779.33 | 788.84 | 794.79 | 804.30 | 810.25 | 819.76 | 825.71 |
| Fibonacci | 789.43 | 795.33 | 798.98 | 804.89 | 810.79 | 814.44 | 820.35 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 750.82 | 774.58 | 788.55 | 812.31 | 826.28 | 850.04 | 864.01 |
| Camarilla | 792.14 | 795.60 | 799.06 | 802.52 | 805.98 | 809.44 | 812.90 |
| Woodie | 745.93 | 772.13 | 783.66 | 809.86 | 821.39 | 847.59 | 859.12 |
| Fibonacci | 774.58 | 788.99 | 797.90 | 812.31 | 826.72 | 835.63 | 850.04 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 714.24 | 737.57 | 771.96 | 795.29 | 829.68 | 853.01 | 887.40 |
| Camarilla | 790.47 | 795.76 | 801.05 | 806.34 | 811.63 | 816.92 | 822.21 |
| Woodie | 719.76 | 740.34 | 777.48 | 798.06 | 835.20 | 855.78 | 892.92 |
| Fibonacci | 737.57 | 759.62 | 773.24 | 795.29 | 817.34 | 830.96 | 853.01 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 36.94 | |
| MACD (12,26,9): | -5.3300 | |
| Directional Movement: | -25.10 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 804.95 | |
| Parabolic SAR (0,02-0,02-0,2): | 813.49 | |
| Elder Ray (13): | -4.46 | |
| Super Trend (3,10): | 819.69 | |
| Zig ZAG (10): | 804.96 | |
| VORTEX (21): | 0.7700 | |
| Stochastique (14,3,5): | 28.74 | |
| TEMA (21): | 802.49 | |
| Williams %R (14): | -59.09 | |
| Chande Momentum Oscillator (20): | -6.46 | |
| Repulse (5,40,3): | -0.5800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1000 | |
| Courbe Coppock: | 3.11 |
| MA7: | 818.76 | |
| MA20: | 813.78 | |
| MA50: | 796.99 | |
| MA100: | 757.14 | |
| MAexp7: | 806.31 | |
| MAexp20: | 812.05 | |
| MAexp50: | 818.04 | |
| MAexp100: | 816.34 | |
| Price / MA7: | -2.05% | |
| Price / MA20: | -1.45% | |
| Price / MA50: | +0.63% | |
| Price / MA100: | +5.92% | |
| Price / MAexp7: | -0.53% | |
| Price / MAexp20: | -1.24% | |
| Price / MAexp50: | -1.96% | |
| Price / MAexp100: | -1.76% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
The latest news and videos published on BLACKROCK INC. at the time of the analysis were as follows:
- BlackRock® Canada Announces March Cash Distributions for the iShares® ETFs
- BlackRock Energy and Resources Income Trust Plc - Result of AGM
- BlackRock Energy and Resources Income Trust Plc - Dividend Declaration
- BlackRock Sustainable American Income Trust Plc - Result of AGM
- BlackRock Sustainable American Income Trust Plc - Dividend Declaration
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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