BlackRock, Inc.s stock price (BLK) continued rising in latest intraday trading, while moving alongside a sharply inclined short-term upward trend line, reflecting strong positive momentum surrounding the stock, with ongoing positive pressure from trading above the 50-day SMA. However, in contrast, we notice negative signals streaming from the Stochastic after reaching strongly overbought levels, which may cap upcoming gains.

Therefore we expect the stock to rise in upcoming trading, targeting the nearby pivotal resistance of $1,082.45.

Todays price forecast: Bullish