BlackRock, Inc (NYSE:BLK) Heffx Technical Analysis
Overall, the bias in prices is: Upwards.
Short term: Prices are moving.
Intermediate term: Prices are trending.
Note: this chart shows extraordinary price action to the upside.
The projected upper bound is: 551.72.
The projected lower bound is: 526.74.
The projected closing price is: 539.23.
A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 7 white candles and 3 black candles for a net of 4 white candles. During the past 50 bars, there have been 28 white candles and 22 black candles for a net of 6 white candles.
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 77.5535. This is not an overbought or oversold reading. The last signal was a sell 0 period(s) ago.
Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 72.69. This is where it usually tops. The RSI usually forms tops and bottoms before the underlying security. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 1 period(s) ago.
Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 137.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a sell 14 period(s) ago.
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 3 period(s) ago.
Rex Takasugi – TD Profile
BLACKROCK INC closed up 6.350 at 537.920. Volume was 49% above average (neutral) and Bollinger Bands were 3% narrower than normal.
Open High Low Close Volume___
535.000 538.780 530.760 537.920 190,380
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 523.46 499.19 439.95
Volatility: 15 16 16
Volume: 126,632 124,097 125,750
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
BLACKROCK INC is currently 22.3% above its 200-period moving average and is in an upward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of BLK.N at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on BLK.N and have had this outlook for the last 29 periods. Our momentum oscillator is currently indicating that BLK.N is currently in an overbought condition.
Latest posts by HEFFX Australia (see all)
- FTSE Bursa Malaysia KLCI (.KLSE) negative news flow dampening investor appetite - April 18, 2019
- Gold 1 OZ (XAU=X) solid resistance at $1,300.00 - April 18, 2019
- Japanese Yen: USD/JPY (JPY=X) rises back up to key level - April 18, 2019