BLACKSTONE INC (BX) Stock Technical Analysis
NYSE:BX - New York Stock Exchange, Inc. - US09260D1072 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to BX. In the last year, BX was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that BX is one of the better performing stocks in the market, outperforming 83% of all stocks.
BX is part of the Capital Markets industry. There are 233 other stocks in this industry. BX outperforms 77% of them.
In the last month BX has a been trading in the 133.84 - 164.23 range, which is quite wide. It is currently trading near the high of this range.
BX has an average volume of 3659200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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.
Although BX has an excellent technical rating, it does not present a decent entry opportunity 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
126.19
165.71
4 important support areas can be observed.
- A support zone ranging from 141.88 to 143.18. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @136.12 from a horizontal line in the daily time frame.
- Support @131.65 from a trend line in the weekly time frame.
- Support @127.46 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 162.01 to 164.07. 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 | UP | POSITIVE | The short term trend for BX is up. |
| ChartMill Relative Strength | 83.09 | POSITIVE | BX has a high relative strength, it outperformed 83.09% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BX is above the rising 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) | 71.55 | OVERBOUGHT | The high RSI value suggests BX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.62 | POSITIVE | The MACD value suggests BX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 97.33 | OVERBOUGHT | The high Stochastics value suggests BX may be overbought. |
| Average True Range in percent/ATR (20) | 2.32 | MEDIUM VOLATILITY | The ATR as a percentage value for BX suggests some volalility. |
| Average Directional Index/ADX (14) | 23.29 | 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)
162
-2.06 (-1.26%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg-1.26%
1 Week4.43%
2 Weeks9.33%
1 Month14.58%
3 Month27.38%
6 Month-1.73%
12 Month25.27%
2 Year54.59%
3 Year58.71%
5 Year204.05%
10 Year312.74%
15 Year1352.91%
Volatility
ATR(14)3.92
ATR(20)%2.32%
ATR Inc10.32%
Range Today1.68
ADR(20)3.37
ADR(20)%2.08%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.09
Mansfield-0.29
10 Day High164.23
10 Day Low148.57
20 Day High164.23
20 Day Low133.84
52 Week High200.96
52 Week Low115.66
CS1 End143.18
CR1 Start162.01
Volume & EV
DER(3)-1.09%
DER(5)-0.92%
Volume3.98M
Volume Incr25.6%
Vol(5)4.30M
Vol(50)3.66M