Blackrock’s stock price (BLK) rose in the intraday levels, with positive signals from the RSI after reaching oversold levels, while recouping some recent losses.

There’s still the dominance of the downward correctional trend in the short term, coupled with negative pressure from the 50-day SMA. 

Therefore we expect the stock to return lower, targeting the support of $742.22, provided it settles below the resistance of $777.20. 

Trend forecast: Likely Bearish