BLACKROCK INC. - Daily - Technical analysis published on 10/16/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
61%
17%
22%
My opinion
Bullish above 437.18 USD
My targets
446.27 USD (+0.41%)
471.00 USD (+5.97%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on BLACKROCK INC.. This is a positive signal for buyers. As long as the price remains above 437.18 USD, a purchase could be considered. The first bullish objective is located at 446.27 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 471.00 USD as an objective. Crossing it would then enable buyers to target 485.24 USD. In the event of a return below 437.18 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
5.7
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BLACKROCK INC. rating is 444.45 USD. The price registered an increase of +2.36% on the session and was traded between 435.05 USD and 447.98 USD over the period. The price is currently at +2.16% from its lowest and -0.79% from its highest.435.05
447.98
444.45
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by BLACKROCK INC.:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of BLACKROCK INC. in Daily shows an overall bullish trend. 75% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : Daily
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
Resistance of triangle is broken
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 398.13 | 415.49 | 437.18 | 444.45 | 446.27 | 471.00 | 485.24 |
Change (%) | -10.42% | -6.52% | -1.64% | - | +0.41% | +5.97% | +9.18% |
Change | -46.32 | -28.96 | -7.27 | - | +1.82 | +26.55 | +40.79 |
Level | Major | Major | Intermediate | - | Major | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 426.19 | 427.91 | 431.06 | 432.78 | 435.93 | 437.65 | 440.80 |
Camarilla | 432.87 | 433.32 | 433.76 | 434.21 | 434.66 | 435.10 | 435.55 |
Woodie | 426.91 | 428.27 | 431.78 | 433.14 | 436.65 | 438.01 | 441.52 |
Fibonacci | 427.91 | 429.77 | 430.92 | 432.78 | 434.64 | 435.79 | 437.65 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 394.38 | 403.07 | 418.53 | 427.22 | 442.68 | 451.37 | 466.83 |
Camarilla | 427.36 | 429.57 | 431.79 | 434.00 | 436.21 | 438.43 | 440.64 |
Woodie | 397.78 | 404.76 | 421.93 | 428.91 | 446.08 | 453.06 | 470.23 |
Fibonacci | 403.07 | 412.29 | 417.99 | 427.22 | 436.44 | 442.14 | 451.37 |
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): | 59.16 | |
MACD (12,26,9): | -0.4600 | |
Directional Movement: | 8.86 | |
AROON (14): | -28.57 | |
DEMA (21): | 430.53 | |
Parabolic SAR (0,02-0,02-0,2): | 411.21 | |
Elder Ray (13): | 10.59 | |
Super Trend (3,10): | 413.01 | |
Zig ZAG (10): | 444.45 | |
VORTEX (21): | 0.9900 | |
Stochastique (14,3,5): | 68.53 | |
TEMA (21): | 430.84 | |
Williams %R (14): | -13.23 | |
Chande Momentum Oscillator (20): | -1.68 | |
Repulse (5,40,3): | 3.2900 | |
ROCnROLL: | 1 | |
TRIX (15,9): | -0.0200 | |
Courbe Coppock: | 7.00 |
MA7: | 426.65 | |
MA20: | 434.52 | |
MA50: | 426.52 | |
MA100: | 440.51 | |
MAexp7: | 431.77 | |
MAexp20: | 431.14 | |
MAexp50: | 433.30 | |
MAexp100: | 435.47 | |
Price / MA7: | +4.17% | |
Price / MA20: | +2.29% | |
Price / MA50: | +4.20% | |
Price / MA100: | +0.89% | |
Price / MAexp7: | +2.94% | |
Price / MAexp20: | +3.09% | |
Price / MAexp50: | +2.57% | |
Price / MAexp100: | +2.06% |
News
The last news published on BLACKROCK INC. at the time of the generation of this analysis was as follows:
- BlackRock World Mining Trust Plc - Portfolio Update
- BlackRock North American Income Trust Plc - Portfolio Update
- BlackRock Reports Third Quarter 2019 Earnings
- BlackRock Greater Europe Investment Trust Plc - Portfolio Update
- BlackRock TCP Capital Corp. Schedules Earnings Release and Conference Call for the Third Quarter Ended September 30, 2019
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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