Blackstone stock: buy or sell

BX stock price: $87.48 2.42% At close on May 14th, 2021

Updated on:
May 17th, 2021

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Blackstone stock brief

  • The Blackstone Group stock grew 2.42% to close at $87.48 on the stock market last Friday, and broke a streak of 3 sessions in red.
  • The stock is configuring an uptrend pattern since September 2020, when it bottomed at $47.70. This uptrend marked a 83.40% gain

Should I buy The Blackstone Group stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $BX stock a buy?

Currently, The Blackstone Group stock matches one trading strategy:

Uptrend buy setup

The Blackstone Group stock continues to trend higher since in September 2020 and has marked a gorgeous 83.40% gain. Price marked a pull back in this uptrend at $83.76 last Wednesday, and since then it bounced off a 4.44%. Now, it's only 4.49% away from breaking out above its last top and resume the uptrend. The new entry point is therefore at $91.41. If you decide to enter this trade, the suggested stop loss is at $82.27

Buy setupBuy pointStop lossRisk
Uptrend buy setup$91.41$82.2710.00%

Should I sell The Blackstone Group stock?

How to know when is it time to sell The Blackstone Group stock?. As when we have to buy shares, deciding when is appropiate to sell is not a whimsy decision, and we must adhere our own trading strategy. Our trading system selects very simple strategies to guide us on when is a good time to sell a stock. Be aware that these strategies should not be used for shorting The Blackstone Group stock

A golden rule is that you should never hold an investment that produces greater losses than those expected upon purchase. When to sell shares always has to be ruled by the stop-loss (automatic or manual)

Is it time to sell The Blackstone Group stock?

Currently, The Blackstone Group stock doesn't match any of our preferred sell setups, so if you hold The Blackstone Group shares and your operation is in profit probably is not time to sell now

The Blackstone Group ratings

In the last 30 days, 6 brokerage ratings were published for The Blackstone Group. General sentiment is bullish, with 5 out of 6 publishing optimistic forecasts

The Blackstone Group analysts' ratings - Last 30 days
Brokerage firmRating
Apr 19th, 2021
Barclays Buy
Apr 23rd, 2021
Deutsche Bank Aktiengesellschaft Neutral
Morgan Stanley Buy
Apr 27th, 2021
Argus Strong buy
Apr 29th, 2021
Morgan Stanley Buy
May 3rd, 2021
Argus Strong buy

The Blackstone Group stock analysis

Since in September 2020, The Blackstone Group has been printing an uptrend that so far marked an amazing 83.40%. During this uptrend, the price gave some buy points on the breakouts. Latest low was last Wednesday, when price bounced at $83.76. Like in all uptrends, price needs to take breath and currently price is consolidating the gains in a range between $91.41 and $83.76

SMAs overview

BX stock SMAs chart

Supports and resistances

The current resistances are:

  • R1: $91.41 (4.49% above)
  • The current support levels are:

  • S1: $83.76 (-4.25% below)
  • S2: $75.55 (-13.64% below)
  • S3: $71.44 (-18.34% below)
  • Bollinger bands

    BX stock Bollinger Bands chart

    Relative strength index

    The RSI dropped below the overbought level of 70 last Wednesday after just crossing to the overbough zone for a single day (weak signal). The RSI value last Friday was 62.32

    BX stock RSI chart

    The Blackstone Group stock price history

    The Blackstone Group started trading priced at an adjusted price1 of $15.16 on Jun 2007. Since then, BX stock surged by 477.04%, with an average of 36.70% per year. If you had invested thousand dollars in The Blackstone Group stock on the IPO, it would be valued $5,770.45 today.

    1: Adjusted price after possible price splits or reverse-splits

    BX stock price history chart

    Price target for The Blackstone Group stock

    Nobody can predict how much a share will be priced tomorrow. Banks and financial organisations issue their analysis forecasting how a stock will performance in the future.

    Along with buy or sell recommendations, financial institutions release their price target based on the stock price action and the company fundamental data. Most of these estimates follow the publication of new fundamental data by the company, and many times. Again, these predictions are not direct recommendations for individual investors and must not be trusted blindly.

    The average price target for The Blackstone Group stock calculated from the table below is $92.83. The Blackstone Group closed at $87.48 last Friday, so the target price is expecting an increase by 6.12%.

    The Blackstone Group stock price predictions
    Brokerage firmPrice target
    Apr 19th, 2021
    Barclays $75.00$85.00
    Apr 23rd, 2021
    Deutsche Bank Aktiengesellschaft $66.00$76.00
    Morgan Stanley $90.00$98.00
    Apr 27th, 2021
    Argus $82.00$100.00
    Apr 29th, 2021
    Morgan Stanley $90.00$98.00
    May 3rd, 2021
    Argus $82.00$100.00

    Earnings and financials

    The Blackstone Group ($BX) had the financial event and presented the report in mid-April. Blackstone surpassed consensus earnings estimates and posted of $0.96, that is a 26.32% surprise compared to the forecasts of $0.76. In the same way, reported sales were $2.0 billion versus estimates of $1.7 billion.

    Compared to the same quarter last year, EPS was $0.46, so reported EPS means a improvement of 108.70%. Looking at sales, figures exploded a 259.58% compared to $-32,545,100,000.00 same quarter last year.

    Blackstone ($BX) posts Q2 financial report next July. Wall Street estimates of $0.76, compared to previous quarter that made $0.96.

    The Blackstone Group performance

    BX performance compared
    Company1m3m6m
    The Blackstone Group ($BX) 11.30% 24.20% 62.30%

    Disclaimer:
    The opinions published in this post are personal and not recommendations for you to buy or sell shares. The author of this paper does not have any knowledge of the particular positions of the reader, his or her own finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are expressed for informational reasons only

    Blackstone summary

    Friday, May 14th, 2021
    Open$85.65
    Close$87.48
    Day range$85.65 - $87.84
    Previous close$85.41
    Session gain2.42%
    Average true range$2.26
    50d mov avg$78.44
    100d mov avg$72.04
    200d mov avg$62.82
    Earnings dateJuly 22nd, 2021

    Frequently asked questions

    What is The Blackstone Group stock symbol?

    The Blackstone Group Inc. is a public company trading in the US stock market with the BX symbol

    Is The Blackstone Group stock a buy or sell?

    The Blackstone Group received 6 ratings in the last 30 days: 5 bullish, 0 bearish and 1 neutral.

    Will BX go up?

    The Blackstone Group had different price forecasts published by analysts in the last month forecasting the target price to $92.83. That is a 6.12% than the current price ($87.48).