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Blackrock – Monthly Update

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BlackRock has disappointed investors for two consecutive months. Is the weakness ending, or does the stock have further downside ahead? It’s time to evaluate the latest signals and adjust the roadmap if necessary. In this review, we apply our usual framework—candlesticks, technical analysis, and Elliott Waves—to assess where BlackRock stands and what may come next.

CANDLES

BlackRock may have formed a solid bottom with a confirmed Piercing Line on the weekly frame. The daily chart will likely flip the 8/20 EMA as early as tomorrow morning while continuing to move higher from the 200 DMA support. If this momentum holds, a 15D Bullish Engulfing could seal the deal for the bulls in a few days.

Classical Pattern – Flag

The stock has completed a classical flag. The typical targets are compelling—a rally of 25%, 33%, or even 45% would not be surprising over the next few quarters. These flag targets align well with the statistical projections outlined on June 2, 2024, which have remained intact.

Statistical Call – June 2, 2025
(no change, a refreshed chart)

At the beginning of June, I discussed BlackRock’s long-term outlook based on candle statistics. I projected a 40–50% rally with an approximate top between September 2026 and December 2027.

Happy trading!