1 Blackrock Price increased by 2.46% over the past seven days. 2 Blackrock Inc ( NYSE: BLK) stock’s 52-week price range is $503 – $788. Blackrock stock has been growing its earnings and revenues slower than its industry. It has a moderate return on equity of 13.5% and moderate ne...
- 1 Blackrock Price increased by 2.46% over the past seven days.
- 2 Blackrock Inc ( NYSE: BLK) stock’s 52-week price range is $503 – $788.
Blackrock stock has been growing its earnings and revenues slower than its industry. It has a moderate return on equity of 13.5% and moderate net margins of 29.9%. According to SimplyWall St., a website that tracks stocks, Blackrock stock has a low debt-to-equity ratio of 21.7%. It can pay its interest easily, with an interest coverage ratio of -108.9. It has a cash balance of $5.5 Billion.
The market capitalization of BLK stock is $112.45 Billion and the total revenue is $17.62 Billion. Moreover, the BLK stock’s basic EPS is $34.57 and the price-to-earnings ratio is 21.82. Moreover, the average volume is 622.523K and the current volume is 621.573K, the current volume is below average volume in Blackrock Inc ( NYSE: BLK) stock.
Technical Analysis of Blackrock Price in 1-D Time Frame
The price action shows that Blackrock Inc ( NYSE: BLK) price dropped from the supply zone at the beginning of 2023, making lower highs and lower lows and breaking through all supports until it reached the $620 level.
Thereafter, the Blackrock stock price reversed from this level and formed a bullish pattern, which is an inverted head and shoulder pattern.
Moreover, the Blackrock stock price has broken out from the $719 resistance level. If the BLK share price holds the current level, then it could rise to the first and second targets, which are $753.99 and $785.10 respectively.
However, if the BLK share price rejects the current level and falls, then it might drop to the nearest support levels, which are $719.00 and $673.63.
At the time of publishing, Blackrock Inc. is trading above the 20, 50, 100, and 200-day EMAs (exponential moving average), which are supporting the Blackrock stock price trend. Hence, Blackrock Price is expected to move upwards giving bullish signals over the daily time frame chart.
The current value of RSI is 72.74 points. The 14 SMA is above the median line at 63.15 points which indicates that the price is bullish as the RSI is in bullish territory.
The MACD line at 16.97 and signal line at 12.19 are above the zero line and a bullish crossover was observed in the MACD oscillator which signals more bullishness for the BLK stock price.
Summary
Blackrock Inc. (NYSE: BLK) shows that the investors and traders of the stock are bullish on the 1-D time frame. The price action for BLK price shows a bullish outlook at the time of publishing. The technical parameters of the BLK stock price also support the bullish trend. The major indicators MACD, RSI, and EMA are giving positive signals and imply that the uptrend may continue in BLK price.
Technical Levels
- The nearest support levels: $719.00 and $673.63.
- The nearest resistance levels: $753.99 and $785.10.
Disclaimer
In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.