Score 8 (out of 10): BLACKROCK INC sets up for +9% rally in 2 months

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What’s Going On Here?

BLACKROCK has made ESG investing a focal point for its strategy. CEO Larry Fink has indicated earlier this year that there has been a ‘tectonic shift’ in investors wanted to invest in sustainability-focused companies. BLACKROCK manages almost $10 trillion in assets and is a key beneficiary of institutional ESG related inflows.

Why Now?

BLACKROCK INC has triggered a new volatility signal (1 month). During similar occasions, BLACKROCK INC shares had a median return of +9%, over the following 2 months – based on 10 historical occasions with 8 of those showing positive returns (80%). This buy signal for BLACKROCK INC received a high score of 8 (out of 10). This insight was generated on 2021-November-12 with last price of 965.6.

What’s This Company About?

BLACKROCK INC is in the Invest Mgmnt/Advis Serv business. Based on the last 2 years’ risk/return profile, this asset is seen as Moderate Risk. ‘Wall Street’ analysts think the stock price will be worth 1% more (average). Ticker symbol: BLK US.

What’s My Risk / Reward and Time Horizon?

We found 2 months to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 1052.71 (+9%) has been reached. Based on the stock’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 924.1 (last price at 965.6), which is equivalent to a -4.3% decline.

Returns during similar periods:

The chart above shows the previous returns (in %) based on similar setups with the most recent ‘insight’ shown under (1), the second most recent ‘insight’ shown under (2), etc. 

Previous episodes:

-0.1% (August-2021), 4.3% (June-2021), 9% (April-2021), 1% (December-2020), 9% (November-2019), 11.1% (September-2019), -6.2% (July-2019), 9.8% (February-2019), 22.7% (November-2017), 10% (September-2017).

Summary:

NameBLACKROCK INC
ViewUp
Star (1 to 10)8
Target+9%
Time2 months
Hit Rate80%

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