BLK closes below its opening price unable to hold early session gains
Moving lower for the 3rd day in a row, BLK ended the week -0.72% lower at 478.95 after losing $5.15 (-1.06%) today. Today's closing price of 478.95 marks the lowest close since August 2nd. Trading $4.54 higher after the open, the market was unable to hold its gains as the bears took control ending the day below its opening price. Closing below Thursday's low at 483.51, the share confirms its breakout through the previous session's low having traded $8.18 below it intraday. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.
Friday's trading range was $8.29 (1.73%), that's slightly below last trading month's daily average range of $8.39. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being slightly above average.
The trend is clearly bearish, showing an intact downtrend in the short, medium and long-term.
While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bullish.
Market Conditions for BlackRock
|Southern Doji||TQ Pro Members Only|
|Close to S1 Support||TQ Pro Members Only|
|Close to Swing High||TQ Pro Members Only|
|Doji||TQ Pro Members Only|
|Bounced off Technical Support S1||TQ Pro Members Only|
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