BlackRock Inc Stock Forecast
BlackRock Inc stock price ended at $754.64 on Tuesday, after losing 0.87%.
(Updated on Apr 30, 2024)
The BlackRock Inc stock price fell by -0.87% on the last day (Tuesday, 30th Apr 2024) from $761.28 to $754.64. During the last trading day the stock fluctuated 1.01% from a day low at $753.80 to a day high of $761.45. The price has been going up and down for this period, and there has been a 0.66% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -174 thousand shares and in total, 281 thousand shares were bought and sold for approximately $212.10 million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $743.07 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -3.81% during the next 3 months and, with a 90% probability hold a price between $714.74 and $796.21 at the end of this 3-month period.
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BLK Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 0.98%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The BlackRock Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $760.85 and $792.49. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for BlackRock Inc stock
BlackRock Inc finds support from accumulated volume at $749.98 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $7.65 between high and low, or 1.01%. For the last week, the stock has had daily average volatility of 1.37%.
Our recommended stop-loss: $708.73 (-6.08%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (BLK) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect BlackRock Inc to open at $756.63, and during the day (based on 14 day Average True Range), to move between $740.49 and $768.79, which gives a possible trading interval of +/-$14.15 (+/-1.87%) up or down from last closing price. If BlackRock Inc takes out the full calculated possible swing range there will be an estimated 3.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $749.98 (0.62%) than the resistance at $763.40 (1.16%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is BlackRock Inc stock A Buy?
BlackRock Inc holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.294 Hold/Accumulate Unchanged
Predicted Opening Price for BlackRock Inc of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| $756.63 ( 0.264%) | $754.64 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BLK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 764.28 | 1.28 % | |
| R2 | 761.36 | 0.89 % | ||
| R1 | 759.55 | 0.651 % | ||
| Current price: | 754.64 | |||
| Support | S1 | 753.71 | -0.124 % | |
| S2 | 751.90 | -0.363 % | ||
| S3 | 748.98 | -0.750 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 802.52 | 6.34 % | |
| R2 | 792.09 | 4.96 % | ||
| R1 | 763.40 | 1.16 % | ||
| Current price | 754.64 | |||
| Support | S1 | 749.98 | -0.618% | |
| S2 | 749.67 | -0.659% | ||
| S3 | 747.30 | -0.97% |
BLK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 10, 2024 | Mar 06, 2024 | Mar 22, 2024 | $5.10 | 0.618% |
| 2 | Nov 08, 2023 | Dec 06, 2023 | Dec 22, 2023 | $5.00 | 0.623% |
| 3 | Jul 20, 2023 | Sep 07, 2023 | Sep 22, 2023 | $5.00 | 0.757% |
| 4 | May 24, 2023 | Jun 07, 2023 | Sep 22, 2023 | $5.00 | 0.757% |
| 5 | Jan 25, 2023 | Mar 06, 2023 | Mar 23, 2023 | $5.00 | 0.767% |
FAQ
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