(BLK) Investment Analysis

February 17, 2024, 03:48 am ET, BY Mitchell H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for BLK

• Buy BLK slightly over 759.37 target 814.35 stop loss @ 757.18 Details

The technical summary data tells us to buy BLK near 759.37 with an upside target of 814.35. This data also tells us to set a stop loss @ 757.18 to protect against excessive loss in case the stock begins to move against the trade. 759.37 is the first level of support below 794 , and by rule, any test of support is a buy signal. In this case, support 759.37 is being tested, a buy signal would exist.

• Short BLK slightly under 814.35, target 759.37, stop loss @ 816.7 Details

The technical summary data is suggesting a short of BLK as it gets near 814.35 with a downside target of 759.37. We should have a stop loss in place at 816.7though. 814.35 is the first level of resistance above 794, and by rule, any test of resistance is a short signal. In this case, if resistance 814.35 is being tested, a short signal would exist.

Swing Trading Plans for BLK

• Buy BLK slightly over 804.18, target 814.35, Stop Loss @ 801.86 Details

If 804.18 begins to break higher, the technical summary data tells us to buy BLK just slightly over 804.18, with an upside target of 814.35. The data also tells us to set a stop loss @ 801.86 in case the stock turns against the trade. 804.18 is the first level of resistance above 794, and by rule, any break above resistance is a buy signal. In this case, 804.18, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short BLK slightly near 804.18, target 785.86, Stop Loss @ 806.5. Details

The technical summary data is suggesting a short of BLK if it tests 804.18 with a downside target of 785.86. We should have a stop loss in place at 806.5 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 804.18, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for BLK

• Buy BLK slightly over 797.93, target 804.18, Stop Loss @ 796.07 Details

If 797.93 begins to break higher, the technical summary data tells us to buy BLK just slightly over 797.93, with an upside target of 804.18. The data also tells us to set a stop loss @ 796.07 in case the stock turns against the trade. 797.93 is the first level of resistance above 794, and by rule, any break above resistance is a buy signal. In this case, 797.93, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short BLK slightly near 797.93, target 785.86, Stop Loss @ 799.79. Details

The technical summary data is suggesting a short of BLK if it tests 797.93 with a downside target of 785.86. We should have a stop loss in place at 799.79 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 797.93, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Blackrock Inc. (BLK) available here: BLK.

BLK Ratings for February 17:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Strong
P1	0	0	703.24
P2	777.82	785.86	759.37
P3	797.93	804.18	814.35

AI Generated Signals for BLK

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Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for BLK change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if BLK is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for BLK too.  All of these are offered below the Summary Table.