Using Trading Central's Market Buzz for understanding market moves, BlackRock (BLK) has been identified as an interesting choice.
TC Market Buzz has identified Buzzing news volume over the last 24 hours,with 205 mentions. Overall mentions represent the number of publications in the past 24 hours that mention the subject, along with a descriptor indicating how it compares to the 7-day average.
Into Most Discussed Topics widget, we find "Acquisition", "Partnership" & "Increasing Held Ownership" as a consortium including Allianz, T&D Holdings and the asset management company will acquire ownership of Viridium Group, a leading European life insurance consolidation platform, from Cinven.
On the sentiment side, the orientation of the news headlines is signaling a bullish sentiment score of 56 (positive). The Sentiment Score indicates how the crowd feels about a financial instrument, ranging from "negative" to "positive". Please note that a grade above 55 is a buy signal.
Meanwhile, the subjectivity widget is considered as "Low". The subjectivity index measures how rational the crowd's opinion of an entity is,which can be helpful in identifying market bubbles. Its score ranges from 0 (very rational) to 100 (very irrational).
Regarding technical analysis, from a monthly point of view, the correction between $1,084 and $900 from early February to mid-March (visible on the chart) is merely a more general pullback to the former long-term peak of November 2021, which is now acting as a pivot support. It should also be noted that the 100-month moving average, currently around $638, is a high-quality trailing-stop, as not only has it never been broken in monthly close, but it also successfully acted as support for the 2009, 2011, 2020 and 2022 lows. In short, a recovery towards $1044 is likely in the short term, $1075 in the medium term and $1250 in extension over the long term.
Powered by TC Labs, TC Market Buzz helps investors read less and know more,solving today’s infobesity problem. With an interactive and modern design, Buzz shows investors which stocks and topics are "buzzing", delivering a smarter news experience.
Disclaimer
The views expressed on this blog are my own and do not necessarily reflect the views of my employer.
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