BlackRock Inc Stock Forecast
BlackRock Inc stock price ended at $762.80 on Wednesday, after losing 0.498%.
(Updated on Apr 24, 2024)
The BlackRock Inc stock price fell by -0.498% on the last day (Wednesday, 24th Apr 2024) from $766.62 to $762.80. During the last trading day the stock fluctuated 1.08% from a day low at $759.44 to a day high of $767.64. The price has been going up and down for this period, and there has been a -2.66% loss for the last 2 weeks. Volume has increased on the last day by 345 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 700 thousand shares were bought and sold for approximately $534.06 million.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $746.42 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect BlackRock Inc stock with a 90% probability to be traded between $734.40 and $823.51 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.
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BLK Signals & Forecast
There are mixed signals in the stock today. The BlackRock Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $800.69. On a fall, the stock will find some support from the short-term average at $755.75. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 2.07%. Further rise is indicated until a new top pivot has been found.
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 $8.20 between high and low, or 1.08%. For the last week, the stock has had daily average volatility of 1.52%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BLK) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect BlackRock Inc to open at $763.29, and during the day (based on 14 day Average True Range), to move between $747.69 and $777.91, which gives a possible trading interval of +/-$15.11 (+/-1.98%) up or down from last closing price. If BlackRock Inc takes out the full calculated possible swing range there will be an estimated 3.96% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $763.40 (0.08%) than the support at $749.98 (1.68%), 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?
BlackRock Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.314 Sell Candidate Unchanged
Predicted Opening Price for BlackRock Inc of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $763.29 ( 0.0643%) | $762.80 |
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 | 771.49 | 1.14 % | |
| R2 | 768.36 | 0.729 % | ||
| R1 | 766.42 | 0.475 % | ||
| Current price: | 762.80 | |||
| Support | S1 | 760.16 | -0.346 % | |
| S2 | 758.22 | -0.600 % | ||
| S3 | 755.09 | -1.01 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 802.52 | 5.21 % | |
| R2 | 792.09 | 3.84 % | ||
| R1 | 763.40 | 0.0787 % | ||
| Current price | 762.80 | |||
| Support | S1 | 749.98 | -1.68% | |
| S2 | 749.67 | -1.72% | ||
| S3 | 747.30 | -2.03% |
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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