BlackRock stock: buy or sell
Updated on:
Jul 29th, 2021
2
BlackRock stock brief
- BlackRock closed on Wednesday at $860.71 after barely moving a -0.14%.
- From the chart point view, price is drawing a scaled uptrend since last March with higher tops and higher bottoms. This uptrend marked a 29.01% gain
- BlackRock, Inc. is a publicly owned investment manager.
Should I buy BlackRock stock?
Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $BLK stock a buy?
Currently, BlackRock stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean we expect a selloff for $BLK in the next few days, or that it may not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell BlackRock stock?
"To sell or not to sell", if you are holding BlackRock shares?. Trading strategies give us the ability us to avoid impetuous decisions based on our sentiments or the buzz surrounding the market. When selling, as well as buying, detailed strategies are very simple to use and are only valid for selling stocks in your porfolio, not for shorting $BLK stock
A guiding principle is that you should not hold a trading operation that results in greater losses than those expected at the time of the buy. The timing to sell shares must always be ruled by the stop-loss (automatic or manual)
Is it time to sell BlackRock stock?
Currently, BlackRock stock doesn't match any of our preferred sell setups, so if you own BlackRock shares and your operation is in profit probably is not time to sell now
BlackRock ratings
In the last month we couldn't find any rating for BlackRock
BlackRock stock analysis
Since last March, BlackRock has been printing an uptrend that by now marked an amazing 29.01%. The chart shows rising peaks and troughs, and along the way provided very few buying opportunities for those who wanted to trade in. Latest pullback was in mid-June, when price bounced at $839.01. Like in all uptrends, price needs to take breath and currently price is moving in a range between $920.31 and $839.01
SMAs overview
Supports and resistances
The current resistances are:
The current supports are:
Bollinger bands
Since the price broke down the lower band on July 19, the price has bounced off by 2.50%. The price is trading near to the lower Bollinger band, poiting some level of oversold in recent sessions. This is not a buy signal, as price can trade in these levels for many days and weeks
Relative strength index
The has been between the the levels of 30 and 70 for some weeks, and therefore, without this indicator really helping us to make any decisions.
BlackRock stock price history
BlackRock went public priced at an adjusted price1 of $9.35 on Oct 1999. Since then, BLK stock surged by 9,105.45%, with an average of 433.59% per year. If you had invested $1,000USD in BlackRock stock on Oct 1999, it would have a value of $92,054.55 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for BlackRock stock
Nobody knows how much a stock will be priced in the future. However, many stock price predictions are issued every day by banks, financial institutions and independent analysts.
Along with buy or sell recommendations, financial institutions release their price forecasts based on the stock price action and the company fundamental data. Most of these estimates follow the release of new fundamental information by the company, and many times. If you are a small investor you don't have to buy or sell based on these predictions.
In the previous month we couldn't find any price target posted for BlackRock stock.
Earnings and financials
BlackRock ($BLK) had the quarterly shareholders event and posted the report on July 14. BlackRock presented earnings of $10.03 per share on revenue of $4.8 billion. The consensus earnings estimate was $9.36 per share on revenue of $4.6 billion.
By comparison, the EPS for the same quarter last year was $7.85, so posted EPS means a increase of 27.77%. Turnover skyrocketed a 32.13% on an annualized basis in the , from $36.5B to $48.2B last quarter.BlackRock ($BLK) will host the earnings call next October. Market analysts analysts forecast of $9.76, that is a 2.69% less than Q2.
BlackRock performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| BlackRock ($BLK) | -2.30% | 4.90% | 24.00% |
Important note:
The opinions contained in this post are personal and not recommendations for you to buy or sell shares. The author of this paper does not have any knowledge of the individual situations of the reader, his or her own finances or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are expressed for general educational reasons onlyBlackRock summary
| Wednesday, July 28th, 2021 | |
|---|---|
| Open | $861.62 |
| Close | $860.71 |
| Day range | $854.12 - $864.17 |
| Previous close | $861.88 |
| Session gain | -0.14% |
| Average true range | $26.24 |
| 50d mov avg | $873.75 |
| 100d mov avg | $828.18 |
| 200d mov avg | $756.81 |
| Earnings date | October 11th, 2021 |