BLACKSTONE INC (BX) Stock Technical Analysis
NYSE:BX - New York Stock Exchange, Inc. - US09260D1072 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to BX. BX has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
BX is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so BX is lagging the market.
BX has an average volume of 5142080 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, BX outperforms 64% of them, which is more or less in line with the market.
BX is part of the Capital Markets industry. There are 232 other stocks in this industry, BX did better than 64% of them.
In the last month BX has a been trading in the 133.25 - 152.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, BX does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
118.86
153.60
When analyzing the support we can see 4 important areas.
- A support zone ranging from 139.01 to 139.31. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @129.76 from a trend line in the weekly time frame.
- Support @125.03 from a horizontal line in the weekly time frame.
- Support @120.06 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- Resistance @144.38 from a trend line in the daily time frame.
- A resistance zone ranging from 146.71 to 149.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @152.08 from a horizontal line in the daily time frame.
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 | DOWN | NEGATIVE | The long term trend for BX is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BX is neutral. |
| ChartMill Relative Strength | 64.44 | NEUTRAL | BX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BX is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of BX is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of BX is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.63 | NEUTRAL | The RSI value for BX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests BX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 48.57 | NEUTRAL | The Stochastics value for BX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.46 | MEDIUM VOLATILITY | The ATR as a percentage value for BX suggests some volalility. |
| Average Directional Index/ADX (14) | 12.55 | NEGATIVE | The low ADX value for BX suggests a weak or negative 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)
139.98
-0.47 (-0.33%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg-0.33%
1 Week0.84%
2 Weeks2.84%
1 Month0.42%
3 Month-0.65%
6 Month-25.71%
12 Month15.45%
2 Year50.56%
3 Year53.44%
5 Year147.05%
10 Year242.5%
15 Year1364.23%
Volatility
ATR(14)2.97
ATR(20)%2.46%
ATR Inc-3.12%
Range Today2.12
ADR(20)2.82
ADR(20)%2.01%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS64.44
Mansfield-1.23
10 Day High141.48
10 Day Low136.06
20 Day High152
20 Day Low133.25
52 Week High200.96
52 Week Low115.66
CS1 End139.31
CR1 Start144.38
Volume & EV
DER(3)2.25%
DER(5)2.57%
Volume3.06M
Volume Incr-13.5%
Vol(5)3.11M
Vol(50)5.14M