BlackRock stock: buy or sell

BLK stock price: $811.53 0.82% At close on Apr 21st, 2021

Updated on:
Apr 22nd, 2021

1

BlackRock stock brief

  • BlackRock stock barely moved 0.82% to close at $811.53 on the stock market on Wednesday, and broke a streak of 3 sessions in negative.
  • BlackRock made public its financial report on April 15
  • Morgan Stanley published a buy rating for BlackRock on Tuesday, forecasting $944.00
  • BlackRock, Inc. is a publicly owned investment manager.

Should I buy BlackRock stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. 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 climb higher. Simply, it doesn't match our recommended trading systems

Should I sell BlackRock stock?

Do you know when is it time to sell BlackRock stock?. Like when we have to buy shares, choosing when is the best time to sell is not a fickle decision, and we must adhere our own trading style. Our trading system selects very simple setups to guide us on when is a good time to sell our shares. Be aware that these setups should not be used for selling short BlackRock stock

A guiding principle is that you should not hold an open trade that yields higher than expected losses upon purchase. When to sell your stock should always be determined 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 hold BlackRock stock and your operation is in profit probably is not time to sell now

BlackRock ratings

In the last 30 days, 12 analyst ratings were published for BlackRock. General sentiment is bullish, with 10 out of 12 posting positive forecasts

BlackRock analysts' ratings - Last month
Brokerage firmRating
Apr 7th, 2021
Wells Fargo & Company Buy
Apr 8th, 2021
Morgan Stanley Buy
Apr 9th, 2021
Deutsche Bank Aktiengesellschaft Strong buy
Apr 13th, 2021
Wells Fargo & Company Buy
Apr 14th, 2021
Morgan Stanley Buy
Apr 15th, 2021
The Goldman Sachs Group Neutral
Apr 16th, 2021
Argus Strong buy
Barclays Buy
Citigroup Neutral
Credit Suisse Group Buy
Deutsche Bank Aktiengesellschaft Strong buy
Apr 20th, 2021
Morgan Stanley Buy

BlackRock stock analysis

In late March, the price broke out over the previous top at $733.38 on the downtrend started last January. Since then, the price action resulted in a 10.66% gain.

SMAs overview

BLK stock SMAs chart

Supports and resistances

Price is at highs and there are not upper resistances.

The current support levels are:

  • S1: $783.36 (-3.47% below)
  • S2: $733.38 (-9.63% below)
  • S3: $717.57 (-11.58% below)
  • Bollinger bands

    BLK stock Bollinger Bands chart

    Relative strength index

    The RSI dropped below the overbought level of 70 on Tuesday after just crossing to the overbough zone for just one day (weak signal). The RSI reading on Wednesday was 68.43

    BLK stock RSI chart

    BlackRock stock price history

    BlackRock started trading priced at an adjusted price1 of $9.39 on Oct 1999. Since then, BLK stock has risen by 8,542.49%, with an average of 406.79% per year. If you had invested $1,000USD in BlackRock stock on the IPO, it would worth $86,424.92 today.

    1: Adjusted price after possible price splits or reverse-splits

    BLK stock price history chart

    Price target for BlackRock stock

    Nobody knows how much a stock will be priced tomorrow. However, many stock price predictions are published every day by banks, financial institutions and independent analysts.

    Along with buy or sell recommendations, brokerage institutions publish their price estimates based on the stock price action and the company fundamental data. Most of these predictions follow the release of new financial information by the company, and usually. If you are a small trader you don't have to invest based on these predictions.

    The average price target for BlackRock stock calculated from the table below is $924.58. That is a 13.93% than the last price ($811.53).

    BlackRock stock price predictions
    Brokerage firmPrice target
    Apr 7th, 2021
    Wells Fargo & Company $875.00$890.00
    Apr 8th, 2021
    Morgan Stanley $890.00$924.00
    Apr 9th, 2021
    Deutsche Bank Aktiengesellschaft $437.00$847.00
    Apr 13th, 2021
    Wells Fargo & Company $875.00$890.00
    Apr 14th, 2021
    Morgan Stanley $890.00$924.00
    Apr 15th, 2021
    The Goldman Sachs Group $840.00$940.00
    Apr 16th, 2021
    Argus $845.00$915.00
    Barclays $850.00$925.00
    Citigroup $950.00$1,000.00
    Credit Suisse Group $949.00$984.00
    Deutsche Bank Aktiengesellschaft $847.00$912.00
    Apr 20th, 2021
    Morgan Stanley $924.00$944.00

    Earnings and financials

    On April 15, BlackRock, Inc. ($BLK) reported EPS for that matched Market expectations. Quarterly EPS was $7.77 per share compared to the forecasted $7.64. The company reported turnover was $4.4 billion aligned with the market estimates as well.

    By comparison, the EPS for the same quarter last year was $6.60, so reported EPS is a gain of 17.73%. Looking at revenue, figures exploded a 18.54% compared to $37.1B same quarter 12 months ago.

    BlackRock ($BLK) will host the Q2 earnings call next July. Wall Street predicts of $9.23, compared to Q1 that was $7.77.

    BlackRock performance

    BLK performance compared
    Company1m3m6m
    BlackRock ($BLK) 11.20% 9.60% 28.90%

    Please read:
    The viewpoints written in this post are personal and should not be followed as recommendations for you to buy or sell shares. The author of this report does not know the individual situations of the reader, his or her own financial statements 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 Viewpoints are published for general educational purposes only

    BlackRock summary

    Wednesday, April 21st, 2021
    Open$802.96
    Close$811.53
    Day range$799.59 - $812.39
    Previous close$804.96
    Session gain0.82%
    Average true range$17.58
    50d mov avg$739.56
    100d mov avg$726.90
    200d mov avg$657.53
    Earnings dateJuly 16th, 2021

    Frequently asked questions

    What is BlackRock stock symbol?

    BlackRock, Inc. is a public company trading in the US stock market with the BLK symbol

    Is BlackRock stock a buy or sell?

    BlackRock received 12 ratings in the last 30 days: 10 bullish, 0 bearish and 2 neutral.

    Will BLK go up?

    BlackRock had different price predictions posted by market analysts in the last 30 days forecasting the target price to $924.58. That is a 13.93% than the last price ($811.53).