Blackstone stock: buy or sell
Mar 2nd, 2021
Blackstone stock brief
- The Blackstone Group closed on Monday at $70.73 after rising a 2.17%.
- The stock is configuring an uptrend pattern since September 2020, when it bottomed at $48.14. This rally marked a 46.93% 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?
Following Stock2 trading strategies, there are 2 buy setups eligible for The Blackstone Group:
Uptrend buy setup
The Blackstone Group stock is in an uptrend since in September 2020 that so far has marked a gorgeous 47.00% gain. Price marked a local bottom in this uptrend at $67.97 last Friday, and since then it bounced off a 4.06%. Breaking out above $72.10 - it's last top - will be a good entry point if The Blackstone Group resumes the uptrend. If you decide to enter this trade, the suggested stop loss is at $65.93
|Buy setup||Buy point||Stop loss||Risk|
|Uptrend buy setup||$72.10||$65.93||8.56%|
ATH buy setup
One of the most recommended trading strategies is to buy on All-time Highs (ATH) breakouts. The good point of buying at all-time highs is that price doesn't struggle with upper resistances, and usually it scales fast. However, there's the risk of a bulls trap that may trigger your buy order and then drops sharply. That's why a stop loss is so important. The Blackstone Group can break to all-time highs any time soon, as it only needs to go up a 1.94%. The buy point is at $72.10 if you want to trade with this strategy. The stop loss would be set at $65.93
|Buy setup||Buy point||Stop loss||Risk|
|ATH buy setup||$72.10||$65.93||8.56%|
Should I sell The Blackstone Group stock?
When you are a novel trader and you own stock shares with some profit, it's really difficult to decide the good moment to sell and get your profits. Trading strategies prevent us from making impulsive decisions based on our personal moods or the buzz surrounding the market. When selling, as well as buying, our strategies are very easy to use but are only valid for selling stocks you already own, not for shorting The Blackstone Group stock
As a golden rule, you should never mantain a trade that results in higher than expected losses by the time of the buy. The moment to sell shares must always be determined by the stop-loss (automatic or manual)
Is it time to sell The Blackstone Group stock?
In the current situation of The Blackstone Group there is not any eligible sell setup, so The Blackstone Group stock holders with operations in profit can keep their positions
The Blackstone Group ratings
In the last 30 days we couldn't find any rating for The Blackstone Group
The Blackstone Group stock analysis
Since in September 2020, The Blackstone Group has been printing an uptrend that so far marked a gorgeous 46.93%. The price shows higher peaks and higher troughs, and along the way gave some entry points for those who wanted to enter. Latest low was last Friday, when price bounced at $67.97. Now, it moves in a consolidation between its last top ($72.10) and its last bottom ($67.97)
Supports and resistances
The current resistances are:
The current supports are:
The actual range between the upper and lower bands is 4.15%, and this means that volatility is low. The compression of the Bollinger bands is generally a sign of a sharp price movement (up or down), so we must be on alert and manage our buy or sell orders correctly
Relative strength index
The RSI dropped below the overbought level of 70 on February 17 after just crossing to the overbough zone for 1 day (weak signal). The RSI value on Monday was 63.65. The Blackstone Group shares scarcely changed a 0.55% since that level was lost
The Blackstone Group stock price history
The Blackstone Group IPO was on Jun 22nd, 2007 at $16.34 per share1. Since then, BX stock has risen by 332.86%, with an average of 25.60% per year. An investment of thousand dollars on the IPO would be valued $4,328.64 nowadays.
1: Adjusted price after possible price splits or reverse-splits
Price target for The Blackstone Group stock
How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price forecasts are posted every day by banks, financial institutions and independent analysts.
The following table shows the price forecasts posted by brokerage institutions in the last 30 days. If you are a small trader you must not trade based on these projections.
In the last 30 days we couldn't find any price target posted for The Blackstone Group stock.
Earnings and financials
Last January, The Blackstone Group Inc. ($BX) posted EPS for that significantly improved Wall St. expectations. Quarterly EPS was $1.13 per share vs the estimates of $0.89. This quarterly report means an earnings surprise of 26.97%. Forecasted revenue for this quarter was $2.3 billion but The Blackstone Group highly improved by 58.47%, reporting $3.6 billion.Compared to the same quarter last year, EPS was $0.72, so reported EPS means a increase of 56.94%. Sales skyrocketed a 76.44% on an annualized basis in the , from $20.3B to $35.8B last quarter.
Blackstone ($BX) releases quarterly financial report mid next April. Market forecasts of $0.72, compared to previous quarter that made $1.13.
The Blackstone Group performance
|The Blackstone Group ($BX)||7.50%||18.50%||34.80%|
Disclaimer:The comments written in this post are personal and not recommendations for you to buy or sell stocks. The author of this paper does not have an understanding of the particular positions of the reader, his or her own finances or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Opinions are expressed for learning reasons only
|Monday, March 1st, 2021|
|Day range||$69.56 - $70.99|
|Average true range||$1.43|
|50d mov avg||$65.99|
|100d mov avg||$60.97|
|200d mov avg||$56.96|
|Earnings date||April 22nd, 2021|