BlackRock Inc Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
![Bollinger Bottleneck Buy Pattern 1](https://stockinvest.us/assets/img/legend/boll_tight.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
![Bollinger Bottleneck Buy Pattern 2](https://stockinvest.us/assets/img/legend/boll_tight2.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
![Bollinger Bottleneck Sell Pattern](https://stockinvest.us/assets/img/legend/boll_tight3.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
BlackRock Inc stock upgraded to Buy Candidate.
(Updated on Jun 28, 2024)
The BlackRock Inc stock price gained 0.287% on the last trading day (Friday, 28th Jun 2024), rising from 731.60€ to 733.70€. During the last trading day the stock fluctuated 1.29% from a day low at 730.20€ to a day high of 739.60€. The price has risen in 6 of the last 10 days and is up by 2.3% over the past 2 weeks. Volume fell on the last day by -175 shares and in total, 740 shares were bought and sold for approximately 542.94€ thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect BlackRock Inc stock with a 90% probability to be traded between 692.60€ and 743.11€ at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
BLQA.DE Signals & Forecast
The BlackRock Inc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately 735.21€. On a fall, the stock will find some support from the long-term average at approximately 725.84€. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, June 24, 2024, and so far it has fallen -1.85%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for BlackRock Inc stock
BlackRock Inc finds support from accumulated volume at 729.10€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved 9.40€ between high and low, or 1.29%. For the last week the stock has had daily average volatility of 1.48%
Our recommended stop-loss: 709.80€ (-3.26%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 21 days ago.)
Trading Expectations (BLQA.DE) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect BlackRock Inc to open at 734.50€, and during the day (based on 14 day Average True Range), to move between 723.27€ and 744.13€, which gives a possible trading interval of +/-10.43€ (+/-1.42%) up or down from last closing price. If BlackRock Inc takes out the full calculated possible swing range there will be an estimated 2.84% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 734.60€ (0.12%) than the support at 729.10€ (0.63%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is BlackRock Inc stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for BlackRock Inc stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.725 Buy Candidate Upgraded
Predicted Opening Price for BlackRock Inc of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
734.50€ ( 0.109%) | 733.70€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BLQA.DE
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 743.90 | 1.39% |
R2 | 740.31 | 0.90% |
R1 | 738.09 | 0.598% |
Price | 733.70 | |
S1 | 730.91 | -0.380% |
S2 | 728.69 | -0.683% |
S3 | 725.10 | -1.17% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 737.90 | 0.572% |
R2 | 737.10 | 0.463% |
R1 | 734.60 | 0.123% |
Price | 733.70 | |
S1 | 729.10 | -0.627% |
S2 | 729.00 | -0.641% |
S3 | 717.10 | -2.26% |
BLQA Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 07, 2024 | Jun 07, 2024 | Jun 24, 2024 | 4.69€ | 0.627% |
2 | Mar 06, 2024 | Mar 06, 2024 | Mar 22, 2024 | 4.66€ | 0.609% |
3 | Dec 06, 2023 | Dec 06, 2023 | Dec 22, 2023 | 4.65€ | 0.637% |
4 | Sep 07, 2023 | Sep 07, 2023 | Sep 22, 2023 | 4.67€ | 0.747% |
5 | Jun 07, 2023 | Jun 07, 2023 | Jun 07, 2023 | 5.00€ | 0.791% |
FAQ
Click here for our free guide on how to buy BlackRock Inc Stock.