BlackRock stock: buy or sell
Updated on:
Jan 25th, 2021
2
BlackRock stock brief
- BlackRock closed last Friday at $735.05 after slightly moving a -0.96% breaking a streak of 3 sessions in positive.
- The stock is configuring an uptrend pattern since September 2020, when it bottomed at $528.70. Up to date, the uptrend marked a 39.03% gain since the beginning of this rally
- BlackRock presented its financial report on January 14
- 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?
In the current situation of BlackRock there is not any eligible buy setup. 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?
Knowing when to sell a stock is even more difficult than knowing when to buy it. Like when we have to buy shares, choosing when is appropiate to sell is not a haphazard decision, and we must adhere our own trading strategy. When selling, as well as buying, detailed strategies are very simple to use but are only applicable for selling shares you already own, not for shorting BlackRock stock
As a golden rule, you must never hold an open trade that shows a higher than expected losses at the time of purchase. The timing to sell shares always has to be ruled by the stop-loss (automatic or manual)
Is it time to sell BlackRock stock?
In the current situation of BlackRock there is not any eligible sell setup, so BlackRock stock holders with operations in green can keep their positions
BlackRock ratings
In the last 30 days, 5 brokerage ratings were published for BlackRock. General sentiment is bullish, with 4 out of 5 posting optimistic forecasts
| Brokerage firm | Rating |
|---|---|
| Dec 30th, 2020 | |
| Wells Fargo & Company | Buy → Buy |
| Jan 11th, 2021 | |
| Morgan Stanley | Buy |
| Jan 15th, 2021 | |
| Barclays | Buy |
| BMO Capital Markets | |
| Deutsche Bank Aktiengesellschaft | |
BlackRock stock analysis
Since in September 2020, BlackRock has been drawing an uptrend that by now marked a gorgeous 39.03%. During this uptrend, the price offered some entry points on the breakouts. Latest pullback was in mid-December, when price bounced at $683.46. Now, the price moves in a consolidation between its last top ($788.00) and its last bottom ($683.46)
SMAs overview
Supports and resistances
The current resistances are:
The current support levels are:
Bollinger bands
Since the price surpassed the upper band on January 13, the price sliced by 6.72%
Relative strength index
The RSI dropped below the overbought level of 70 on January 14 after just crossing to the overbough zone for just one day (weak signal). The RSI reading last Friday was 53.29. BlackRock stock tanked a 5.73% since that level was lost
BlackRock stock price history
BlackRock started trading priced at an adjusted price1 of $9.36 on Oct 1999. Since then, BLK stock has risen by 7,753.10%, with an average of 369.20% per year. If you had invested thousand dollars in BlackRock stock on Oct 1999, it would worth $78,530.98 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for BlackRock stock
Nobody knows how much a share will be priced tomorrow. However, many stock price predictions are published every day by banks, financial institutions and independent analysts.
The following table shows the price target posted by brokerage institutions in the last 30 days. Again, these forecasts are not direct recommendations for individual investors and should not be followed blindly.
The average price target for BlackRock stock calculated from the table below is $819.60. BlackRock closed at $735.05 last Friday, so the target price is predicting a growth by 11.50%.
| Brokerage firm | Price target |
|---|---|
| Dec 30th, 2020 | |
| Wells Fargo & Company | $700.00 → $805.00 |
| Jan 11th, 2021 | |
| Morgan Stanley | $750.00 → $890.00 |
| Jan 15th, 2021 | |
| Barclays | $800.00 → $850.00 |
| BMO Capital Markets | $709.00 → $715.00 |
| Deutsche Bank Aktiengesellschaft | $835.00 → $838.00 |
Earnings and financials
BlackRock, Inc. ($BLK) came out with earnings of $10.18 per share on January 14, enhancing the Wall St consensus estimate of $9.14 per share. This quarterly report represents an earnings surprise of 11.38%. Estimated turnover for Q4 was $4.3 billion but BlackRock slightly uplifted by 4.14%, reporting $4.5 billion.
In contrast, the EPS for the same quarter last year was $8.34, so reported EPS means a gain of 22.06%. Turnover exploded a 12.60% on an annualized basis in the , from $39.8B to $44.8B last quarter.BlackRock ($BLK) will host the earnings call next April. Analysts estimate of $8.32, that is a 18.27% less than Q4.
BlackRock performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| BlackRock ($BLK) | 5.00% | 16.30% | 28.60% |
Disclaimer:
The thoughts expressed in this article are personal and should not be followed as recommendations for you to buy or sell shares. The author of this article does not have an understanding of the specific circumstances of the reader, his or her finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are posted for informational reasons onlyBlackRock summary
| Friday, January 22nd, 2021 | |
|---|---|
| Open | $739.9 |
| Close | $735.05 |
| Day range | $730.82 - $743.73 |
| Previous close | $742.2 |
| Session gain | -0.96% |
| Average true range | $26.36 |
| 50d mov avg | $707.17 |
| 100d mov avg | $648.59 |
| 200d mov avg | $589.78 |
| Earnings date | April 15th, 2021 |