BlackRock, Inc. : Towards the breakout of a major resistance level
BUY
Conditionne
Stop-loss triggered
Entry price | Target | Stop-loss | Potential |
---|
$573 |
$614 |
$553 |
+7.16% |
---|
BlackRock, Inc. is close to a major resistance level, whereby the breach of this level could be considered as a buy signal. This reflects our preferred scenario in light of the stock's current technical chart pattern.
Strengths● The group's activity appears highly profitable thanks to its outperforming net margins.
● Thanks to a sound financial situation, the firm has significant leeway for investment.
● There is high visibility into the group's activities for the coming years. Outlooks on future revenues from analysts covering the equity remain similar. Such hardly dispersed estimates support highly predictable sales for the current and upcoming fiscal years.
● Historically, the company has been releasing figures that are above expectations.
● Analysts have consistently raised their revenue expectations for the company, which provides good prospects for the current and next years in terms of revenue growth.
● Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.
● Within the weekly time frame the stock shows a bullish technical configuration above the support level at 446.13 USD
Weaknesses● Technically, the stock approaches a strong medium-term resistance at USD 572.48.
● The company's "enterprise value to sales" ratio is among the highest in the world.
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