BLACKSTONE INC (NYSE:BX) Shows Strong Technicals and High-Quality Breakout Setup

Investors looking for potential breakout opportunities often use a mix of technical strength and consolidation patterns to find high-probability trades. One approach involves looking for stocks with strong technical ratings, which show healthy trends, and high setup quality scores, suggesting the stock is consolidating before a possible breakout. BLACKSTONE INC (NYSE:BX) currently meets this criteria, showing both solid technical health and a clear setup pattern.

Technical Strength: A Market Leader in Its Sector

BLACKSTONE INC (BX) has a ChartMill Technical Rating of 9, placing it in the top tier of stocks from a trend perspective. The rating checks multiple factors, including relative strength, moving averages, and long-term momentum. Key points from the technical report include:

• Strong Trend Alignment: Both short-term and long-term trends are positive, supporting the stock’s upward movement.
• Sector Outperformance: BX does better than 77% of stocks in the Capital Markets industry, showing strength compared to peers.
• Moving Average Support: The stock is trading above key moving averages (20-day, 50-day, 100-day, and 200-day), confirming steady bullish momentum.

A high technical rating is important for breakout strategies because it confirms the stock is already in a good trend, increasing the chance that a breakout will lead to further gains rather than a false signal.

Setup Quality: Consolidation Before the Next Move

Beyond technical strength, BX also scores a 9 in Setup Quality, indicating a well-formed consolidation pattern. The setup score checks whether the stock is trading tightly, offering a clear entry and exit point. Key observations include:

• Tight Trading Range: BX has been consolidating between $166.10 and $181.32 over the past month, reducing volatility and forming a base.
• Support and Resistance Levels: A clear resistance zone sits near $176.19,$176.30, while support is found around $167.63,$172.24. A breakout above resistance could start a new upward move.
• Pocket Pivot Signal: Recent price action has shown accumulation, with volume confirming buying interest—a positive sign for potential continuation.

For breakout traders, a high setup score is key because it shows the stock is not overextended and has a clear risk-reward structure. Tight consolidation lowers the chance of erratic price swings, allowing for more precise trade execution.

Potential Trade Setup

The technical report suggests a possible entry above $176.31, just past the resistance zone, with a stop-loss below $167.62 to limit downside risk. This would keep the trade’s risk at 4.93%, a reasonable level for disciplined position sizing.

Finding More Breakout Opportunities

BLACKSTONE INC (BX) is one example of a stock currently showing strong technicals and a high-quality setup. Investors looking for similar opportunities can check the Technical Breakout Setups screen for daily updates on stocks meeting these criteria.

Disclaimer: This analysis is for informational purposes only and should not be seen as investment advice. Always do your own research and consider risk management before trading.