BlackRock: confirmation week closes in the red
BlackRock slips 1.5% in the confirmation week of its buy signal
BlackRock: confirmation week closes in the red
Our view last week
BlackRock closes the week up 3.5%, pushing back to the daily upper Bollinger Band, in the 1096 area. But the signal isn't fully convincing yet: daily money flow stays negative and the distribution phase hasn't cleared, with only 19% of last session's volume on the buy side. This BlackRock technical analysis opens with a fresh buy signal, first week, right in the week of the July 21 earnings: an entry to manage with care.
This week's summary
BlackRock stock closes the buy signal's first verification week down 1.5%. Beneath the candle the picture stays live: 96% of daily volume is on the buy side, yet money flow stays negative and the distribution phase hasn't cleared. In our BlackRock technical analysis the signal that fired last week holds, inside a sequence of 4 higher lows.
IQS Phase
58
ordinary
Signal Strength
47
medium · weak
Sizing
REDUCED
Ranking
#79 / 124
US stocks in progress
Trade P&L %
-1.54%
from signal to today
Rank position
ranks 79th among the 124 Longs already running for US stocks in our ranking, with a signal strength of 47 out of 100.
Sector context
SectorFinancials
Benchmark ETFXLF
Sector regimein positive regime
Performanceweekly +0.09% · monthly +4.82%
BLK belongs to the financials sector (reference ETF XLF). The sector is classified in positive regime according to our weekly reading.
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