BLACKSTONE INC (BX) Stock Technical Analysis
NYSE:BX - US09260D1072 - Common Stock
170.5 USD
+7.06 (+4.32%)
170.7 USD
+0.2 (+0.12%)
We assign a technical rating of 7 out of 10 to BX. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
BX is part of the Capital Markets industry. There are 237 other stocks in this industry. BX outperforms 76% of them.
In the last month BX has a been trading in the 162.69 - 179.08 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
BX has an average volume of 3845370 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, BX did better than 83% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
BX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BX is lagging the market.
Besides having an excellent technical rating, BX also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 175.43. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 163.43, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BX in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
127.21
179.90
4 important support areas can be observed.
- A support zone ranging from 161.39 to 163.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @153.48 from a trend line in the daily time frame.
- Support @134.49 from a trend line in the weekly time frame.
- Support @128.49 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 175.43 to 178.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for BX is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BX is neutral. |
| ChartMill Relative Strength | 83 | POSITIVE | BX has a high relative strength, it outperformed 83% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.02 | NEUTRAL | The RSI value for BX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.36 | NEGATIVE | The MACD value suggests BX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 23.41 | NEUTRAL | The Stochastics value for BX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.42 | MEDIUM VOLATILITY | The ATR as a percentage value for BX suggests some volalility. |
| Average Directional Index/ADX (14) | 20.85 | NEUTRAL | The ADX value for BX suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 178.13 | 162.68 | 15.45 (8.67%) | 11.53% |
| An entry @178.13. This is a Buy Stop order right above the resistance zone. | An exit @162.68. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 15.45 points, which is 8.67%. | When investing 11.53% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
170.5
+7.06 (+4.32%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg4.32%
1 Week-0.65%
2 Weeks0.94%
1 Month-4.27%
3 Month25.26%
6 Month7.65%
12 Month22.42%
2 Year60.29%
3 Year81.5%
5 Year222%
10 Year397.81%
15 Year1589.79%
Volatility
ATR(14)4.2
ATR(20)%2.42%
ATR Inc38.29%
Range Today8.71
ADR(20)3.89
ADR(20)%2.28%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83
Mansfield-0.2
10 Day High177.41
10 Day Low162.69
20 Day High179.08
20 Day Low162.69
52 Week High200.96
52 Week Low115.66
CS1 End163.43
CR1 Start175.43
Volume & EV
DER(3)3.44%
DER(5)1.87%
Volume5.19M
Volume Incr27.1%
Vol(5)4.61M
Vol(50)3.85M