BLACKSTONE INC (BX) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BX - US09260D1072 - Common Stock
Overall BX gets a technical rating of 4 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. BX was also a bad performer in the overall market in the last year.
Although the technical rating is only medium, BX does present a nice setup opportunity. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price.
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5 important support areas can be observed.
- A support zone ranging from 154.59 to 156.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @145.54 from a trend line in the weekly time frame.
- A support zone ranging from 140.25 to 141.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 136.12 to 136.52. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @131.94 from a trend line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- Resistance @158.81 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 161.61 to 162.66. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @183.37 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 | NEUTRAL | NEUTRAL | The long term trend for BX is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BX is neutral. |
| ChartMill Relative Strength | 30.52 | NEUTRAL | BX is not amongst the best or worst performers 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) | 55.74 | NEUTRAL | The RSI value for BX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests BX has a negative trend. |
| Stochastics (14,3) | 48.77 | NEUTRAL | The Stochastics value for BX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.52 | MEDIUM VOLATILITY | The ATR as a percentage value for BX suggests some volalility. |
| Average Directional Index/ADX (14) | 24.56 | NEUTRAL | The ADX value for BX suggests a possible start of a new trend. |
157.62
+2.32 (+1.49%)
BLACKSTONE INC / BX FAQ
Can you provide the ChartMill technical rating for BLACKSTONE INC?
ChartMill assigns a technical rating of 4 / 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 55.7421. 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 -0.0339243, indicating a bearish trend.
What is the short term momentum for BX stock?
The short term momentum for BLACKSTONE INC (BX) is neutral.