BlackRock, Inc. stock price (BLK) rose in its latest intraday trading, under the dominance of a main upward trend on the short-term and moving along a supporting trend line. The stock benefited from dynamic pressure represented by trading above its 50-day simple moving average, which reinforces the bullish outlook. Additionally, we notice the formation of a positive divergence in the Stochastic indicators, after reaching heavily oversold areas, with a positive crossover starting to appear.

Therefore, we expect the stock price to rise during its upcoming trading, especially if it breaks through the important resistance of $1,168, to then target the first resistance level at $1,220.

Today's price forecast: Bullish