BLACKSTONE INC (BX) Stock Technical Analysis
NYSE:BX - New York Stock Exchange, Inc. - US09260D1072 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to BX. In the past year, BX was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
When comparing the yearly performance of all stocks, we notice that BX is one of the better performing stocks in the market, outperforming 76% of all stocks.
BX is one of the better performing stocks in the Capital Markets industry, it outperforms 70% of 233 stocks in the same industry.
In the last month BX has a been trading in the 133.84 - 152.67 range, which is quite wide. It is currently trading near the high of this range.
BX has an average volume of 3817940 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.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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
126.01
153.60
We found 4 important support areas.
- A support zone ranging from 138.78 to 143.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 135.68 to 136.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @131.18 from a trend line in the weekly time frame.
- Support @127.28 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 151.12 to 152.08. 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 | NEUTRAL | NEUTRAL | The long term trend for BX is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BX is up. |
| ChartMill Relative Strength | 76.43 | POSITIVE | BX has a high relative strength, it outperformed 76.43% 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 | MIXED | The current price of BX is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.59 | NEUTRAL | The RSI value for BX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.29 | POSITIVE | The MACD value suggests BX has a positive trend. |
| Stochastics (14,3) | 91.4 | OVERBOUGHT | The high Stochastics value suggests BX may be overbought. |
| Average True Range in percent/ATR (20) | 2.35 | MEDIUM VOLATILITY | The ATR as a percentage value for BX suggests some volalility. |
| Average Directional Index/ADX (14) | 13.13 | 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)
149.58
-1.53 (-1.01%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg-1.01%
1 Week8.14%
2 Weeks9.65%
1 Month7.8%
3 Month19.63%
6 Month-14.97%
12 Month21.89%
2 Year60.89%
3 Year63.96%
5 Year164%
10 Year265.99%
15 Year1464.64%
Volatility
ATR(14)3.93
ATR(20)%2.35%
ATR Inc9.46%
Range Today3.73
ADR(20)3.15
ADR(20)%2.1%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.43
Mansfield-0.92
10 Day High152.67
10 Day Low133.84
20 Day High152.67
20 Day Low133.84
52 Week High200.96
52 Week Low115.66
CS1 End142
CR1 Start151.12
Volume & EV
DER(3)-1.82%
DER(5)-0.46%
Volume4.18M
Volume Incr40.69%
Vol(5)4.41M
Vol(50)3.82M