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  1. Home
  2. / Investing

BlackRock Looks Solid Ahead of Earnings

The charts appear positive so far for BLK.
By BRUCE KAMICH
Oct 11, 2021 | 03:37 PM EDT
Stocks quotes in this article: JPM, BLK

Wednesday marks the beginning of earnings season, with JPMorgan Chase (JPM) , BlackRock (BLK)  and others. We looked at JPM the other day.

 
We looked at BLK on July 12, ahead of earnings, so let's do it again.
 
In this updated daily bar chart of BLK, below, we can see that prices just tested the rising 200-day moving average line. Prices are below the declining 50-day moving while the On-Balance-Volume (OBV) line has been steady the past two weeks. The Moving Average Convergence Divergence (MACD) oscillator is ready for a cover-shorts buy signal.
 
 
In this weekly Japanese candlestick chart of BLK, below, we don't see any top reversal patterns. The recent lower shadows at the intersection of the rising 40-week moving average line are a plus.
 
 
Bottom line strategy: I have no special knowledge of what BLK is going to report but the charts favor a positive reaction by traders.
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TAGS: Investing | Technical Analysis | Banking | Diversified Financials | Financial Services | Brokerages | Earnings Preview

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