BlackRock, Inc. (BLK) stock price remains on a series of consecutive losses in its latest trading sessions, having broken below a short-term upward trend line while also falling beneath the support of its 50-day SMA. This has exposed the stock to increased negative pressure and reduced the chances of a near-term recovery, especially with continued negative signals from the Stochastic indicators despite their presence in deeply oversold territory.

Therefore we expect the stock price to decline in its upcoming trading, as long as it remains below the $1,060 resistance level, targeting the first support level at $962.00.

Todays price forecast: Bearish.