BLACKSTONE INC (BX) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:BX • US09260D1072
Taking everything into account, BX scores 0 out of 10 in our technical rating. BX's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, BX is a bad performer in the overall market: 82% of all stocks are doing better.
- BX is part of the Capital Markets industry. There are 238 other stocks in this industry, of which 65% are performing better than BX.
- BX is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month BX has a been trading in the 125.27 - 165.14 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- BX has an average volume of 4463650 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of BX is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
128.38
We found 1 important support area.
- Support @129.68 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 157.82 to 158.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @182.04 from a trend line in the weekly time frame.
- Resistance @186.74 from a horizontal line in the weekly 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 | DOWN | NEGATIVE | The short term trend for BX is down. |
| ChartMill Relative Strength | 18.48 | NEGATIVE | BX has a low relative strength, it was outperformed by 81.52% 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) | DOWN | NEGATIVE | The current price of BX is below 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) | 30.88 | NEUTRAL | The RSI value for BX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.31 | NEGATIVE | The MACD value suggests BX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 11.72 | OVERSOLD | The low Stochastics value suggests BX may be oversold. |
| Average True Range in percent/ATR (20) | 4.1 | MEDIUM VOLATILITY | The ATR as a percentage value for BX suggests some volalility. |
| Average Directional Index/ADX (14) | 33.86 | POSITIVE | The high ADX value value for BX suggests a strong trend. |
131.42
+1.73 (+1.33%)
BLACKSTONE INC / BX FAQ
Can you provide the ChartMill technical rating for BLACKSTONE INC?
ChartMill assigns a technical rating of 0 / 10 to BX.
What is the current trend direction of BLACKSTONE INC (BX) stock?
The current trend direction for BLACKSTONE INC (BX) is Bearish.
What is the RSI signal for BLACKSTONE INC (BX) stock?
BLACKSTONE INC (BX) has an RSI value of 30.8792. This indicates that the stock is currently neutral.
What is the MACD signal for BLACKSTONE INC (BX) stock?
The MACD indicator for BLACKSTONE INC (BX) has a value of -2.31283, indicating a bearish trend.
What is the short term momentum for BX stock?
The short term momentum for BLACKSTONE INC (BX) is negative.