BLACKROCK INC. - Daily - Technical analysis published on 10/08/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 425.56 USD
My targets
415.49 USD (-1.81%)
398.13 USD (-5.92%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on BLACKROCK INC. as long as the price remains well below 425.56 USD. The sellers” bearish objective is set at 415.49 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 398.13 USD. In case of crossing, the next objective would be the support located at 377.98 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
FORCE
0
10
6.8
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This analysis was given by emerick. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BLACKROCK INC. rating is 423.17 USD. The price registered a decrease of -1.00% on the session and was between 421.27 USD and 427.24 USD. This implies that the price is at +0.45% from its lowest and at -0.95% from its highest.421.27
427.24
423.17
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of BLACKROCK INC. in Daily shows a overall strongly bearish trend. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
On the 18 technical indicators analysed, 4 are bullish, 4 are neutral and 10 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : Daily
MACD indicator is back under 0
Type : Bearish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near support of channel
Type : Bullish
Timeframe : Daily
Near support of triangle
Type : Bullish
Timeframe : Daily
Horizontal support is broken
Type : Bearish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
White morning star
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 377.98 | 398.13 | 415.49 | 423.17 | 425.56 | 437.18 | 471.00 |
| Change (%) | -10.68% | -5.92% | -1.81% | - | +0.56% | +3.31% | +11.30% |
| Change | -45.19 | -25.04 | -7.68 | - | +2.39 | +14.01 | +47.83 |
| Level | Minor | Major | Major | - | Intermediate | Major | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 413.18 | 416.13 | 421.79 | 424.74 | 430.40 | 433.35 | 439.01 |
| Camarilla | 425.07 | 425.86 | 426.65 | 427.44 | 428.23 | 429.02 | 429.81 |
| Woodie | 414.53 | 416.81 | 423.14 | 425.42 | 431.75 | 434.03 | 440.36 |
| Fibonacci | 416.13 | 419.42 | 421.45 | 424.74 | 428.03 | 430.06 | 433.35 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 371.67 | 391.44 | 409.44 | 429.21 | 447.21 | 466.98 | 484.98 |
| Camarilla | 417.05 | 420.52 | 423.98 | 427.44 | 430.90 | 434.37 | 437.83 |
| Woodie | 370.79 | 391.00 | 408.56 | 428.77 | 446.33 | 466.54 | 484.10 |
| Fibonacci | 391.44 | 405.87 | 414.78 | 429.21 | 443.64 | 452.55 | 466.98 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 379.49 | 394.45 | 420.05 | 435.01 | 460.60 | 475.56 | 501.16 |
| Camarilla | 434.49 | 438.21 | 441.92 | 445.64 | 449.36 | 453.08 | 456.79 |
| Woodie | 384.81 | 397.11 | 425.36 | 437.67 | 465.92 | 478.22 | 506.47 |
| Fibonacci | 394.45 | 409.95 | 419.52 | 435.01 | 450.50 | 460.07 | 475.56 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 41.92 | |
| MACD (12,26,9): | -0.9700 | |
| Directional Movement: | -11.50 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 432.56 | |
| Parabolic SAR (0,02-0,02-0,2): | 444.31 | |
| Elder Ray (13): | -8.00 | |
| Super Trend (3,10): | 444.57 | |
| Zig ZAG (10): | 423.17 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 31.47 | |
| TEMA (21): | 432.25 | |
| Williams %R (14): | -69.14 | |
| Chande Momentum Oscillator (20): | -20.81 | |
| Repulse (5,40,3): | -0.1000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0800 | |
| Courbe Coppock: | 3.18 |
| MA7: | 430.86 | |
| MA20: | 437.04 | |
| MA50: | 429.93 | |
| MA100: | 440.88 | |
| MAexp7: | 429.06 | |
| MAexp20: | 432.85 | |
| MAexp50: | 434.74 | |
| MAexp100: | 436.81 | |
| Price / MA7: | -1.78% | |
| Price / MA20: | -3.17% | |
| Price / MA50: | -1.57% | |
| Price / MA100: | -4.02% | |
| Price / MAexp7: | -1.37% | |
| Price / MAexp20: | -2.24% | |
| Price / MAexp50: | -2.66% | |
| Price / MAexp100: | -3.12% |
News
The last news published on BLACKROCK INC. at the time of the generation of this analysis was as follows:
- BlackRock Latin American Investment Trust Plc - Submission of Document
- Blackrock Gold Commences Drilling at Silver Cloud
- UPS, Mastercard, Etsy, Brightside, Arizona State University, and Acorns Join BlackRock’s Emergency Savings Initiative
- Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds
- BlackRock Latin American Investment Trust Plc - Disclosure of Portfolio Holdings
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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