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- 1 BLK stock price decreased by 2.19% over the past day and by 4.96% over the past week.
- 2 Blackrock Inc. ( NYSE: BLK) stock’s 52-week price range is $620 – $757.
Blackrock has been experiencing an incline in its earnings at a rate of 4.1% per year on average, according to a financial website called Simply Wall St. The Capital Markets industry’s average annual earnings growth is 14.9%. Therefore, BLK earnings are lower than the industry average.
Blackrock has a debt-to-equity ratio of 19.8%, as reported by Simply Wall St. This implies that it has less debt than equity, which is the difference between its total assets of $122.64 Billion and total liabilities of $82.75 Billion. Blackrock’s debt is $7.90 Billion, while its equity is $39.90 Billion.
The market capitalization of Blackrock stock is $104.061 Billion and the total revenue is $17.61 Billion. Moreover, the stock’s basic EPS is 34.57 and the price-to-earnings ratio is 20.80. The average volume is 602.768 K and the current volume is 676.96 K where the current volume is above average volume.
Moreover, Blackrock stock has done well in the last month, increasing by 2.76% and plummeted by 5.70% in the last six months. Blackrock Inc. (NYSE: BLK) stock has a negative year-to-date return of 3.20% and a negative one-year return of 0.43%.
Technical Analysis of Blackrock Stock Stock Price in 1-D Timeframe
The price action shows that Blackrock Inc’s ( NYSE: BLK) stock price has been on an inclining trend for the last three months, increasing by 8.24% making higher highs and higher lows, and is on a rising trend. At the time` of writing, BLK stock faced resistance from the last couple of weeks at around $753 and fell drastically breaking in between supports and trading around $696.98.
Therefore, if the BLK price fails to sustain the current level and drops, it might hit the nearest support levels of $673.63 and $650.66.
However, if it maintains the current level, the BLK price could continue to move upward and reach the first and second resistances of $719 and $753.99.
At the time of publishing, Blackrock Inc. (NYSE: BLK) is trading below the 20, and 50-day EMA (exponential moving averages), which are rejecting the BLK price trend. However, 100, and 200-day EMA is supporting the trend if more selling volume adds up then the price might conquer supporting EMA’s by making lower highs and lows.
Hence, the BLK price is expected to move downwards showing bearish views over the daily time frame chart.
The current value of RSI is 38.91 points. The 14 SMA is above the median line at 57.38 points which indicates that Blackrock stock is bearish as the RSI took rejection from 14 SMA and below the neutral line indicating the price is headed for oversold territory.
The MACD line at 1.66 and signal line at 8.19 are below the zero line and both lines have crossed each other. A bearish crossover is observed in the MACD oscillator which might signal more bearishness for the Blackrock stock price.
Summary
Blackrock Inc. (NYSE: BLK) indicates that the investors and traders of the stock price are bearish on the 1-D time frame. The price action reflects a bearish outlook at the time of publishing. The technical analysis tools of the Blackrock stock price also support the bearish trend. The MACD, RSI, and EMA highlight negative signals and imply that the downtrend may continue in Blackrock’s stock price.
Technical Levels
- Support levels: The nearest support levels for Blackrock’s stock price are $673.63 and $650.66.
- Resistance levels: The nearest resistance levels for Blackrock stock price are $719 and $753.99.
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.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
