BlackRock's buy signal holds through verification
BlackRock stock rises 3.3% as the buy signal holds in its second week
BlackRock's buy signal holds through verification
Our view last week
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.
This week's summary
BlackRock closes the week up 3.3%, the fifth higher low in a row on the daily bars. In our BlackRock technical analysis the buy signal that fired two weeks ago holds, with the Financials sector running strong in the background. BlackRock stock stays close to its recent highs, signal strength mid-table and the trade already in the money.
IQS Phase
62
ordinary
Signal Strength
47
medium · weak
Sizing
REDUCED
Ranking
#71 / 120
US stocks in progress
Trade P&L %
+1.70%
from signal to date, no stop loss
Rank position
ranks 71st among the 120 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 strong phase
Performanceweekly +1.12% · monthly +3.94%
BLK belongs to the financials sector (reference ETF XLF). The sector is classified in strong phase according to our weekly reading.
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