Blackstone stock: buy or sell
Jul 29th, 2021
Blackstone stock brief
- After hitting all-time highs on Wednesday, The Blackstone Group closed at $114.36 merely changing a 0.13%
- It's been 7 consecutive sessions in green for The Blackstone Group, gaining a 10.13%
- The price is currently over the upper Bollinger band, which usually indicates a near-term correction
- On July 22, The Blackstone Group released its Q2 financial report
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?
In the current situation of The Blackstone Group there is not any eligible buy setup. This doesn't mean $BX will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell The Blackstone Group stock?
Knowing when to sell a stock is even more difficult than knowing when to buy it. Trading strategies let us to avoid rash decisions based on our personal moods or the noise that surrounds the market. Our trading system selects very simple strategies to guide us on when is the best time to sell our shares. Be aware that these strategies should not be used for shorting $BX stock
As a rule of thumb, you should not keep a trading operation that yields greater losses than those expected upon purchase. The timing to sell your stock should always be ruled 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 green can keep their positions
The Blackstone Group ratings
We don't have any rating posted in the previous month for The Blackstone Group
The Blackstone Group stock analysis
Since in September 2020, The Blackstone Group has been drawing an uptrend that so far marked a gorgeous 139.75%. The price action shows higher peaks and higher lows, and along the way gave some entry points for those who wanted to enter. Latest pullback was last March, when price bounced at $63.13. Last March, The Blackstone Group broke out above its last top ($71.44) offering a good entry point that resulted in a 60.08% profit
$BX at Highs
The Blackstone Group did it again, and reached new all-time highs (ATH) on Wednesday at $114.95. It's the 8th time in the last 10 sessions, marking an important rally
Supports and resistances
Price is at all-time highs and there are not upper resistances.
The current support levels are:
Price readings above or below the Bollinger Bands signal that the price has followed a strong trend that has led to extreme highs or lows. For this case, the price is over the upper band, and that should mean a possible short-term adjustment (at least) until it is under the band
Relative strength index
Crossed up the overbought line Wednesday, with a value of 78.2. Contrary to what many investors may think, the fact that the value is in the overbought zone does not imply a sell signal, as shares can be in the overvalued zone for many weeks and may continue to rise
The Blackstone Group stock price history
The Blackstone Group started trading priced at an adjusted price1 of $16.19 on Jun 2007. Since then, BX stock surged by 606.36%, with an average of 43.31% per year. If you had invested thousand dollars in The Blackstone Group stock at that time, it would worth $7,063.62 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for The Blackstone Group stock
Nobody knows how much a share will be priced in the future. Banks and financial organisations post their analysis forecasting how a particular stock will performance in the future.
The following table shows the price forecasts posted by financial institutions for the last 30 days. If you are a small investor you must not invest based on these predictions.
In the previous month we couldn't find any price target posted for The Blackstone Group stock.
Earnings and financials
The Blackstone Group Inc. ($BX) reported earnings of $0.82 per share on July 22, slightly upping the Wall St consensus estimate of $0.77 per share. This quarterly report represents an earnings surprise of 6.49%. Revenue resulted of $2.1 billion in contrast to $1.8 billion forecasted by analysts.Compared to the same quarter last year, EPS was $0.43, so posted EPS means a increase of 90.70%. Turnover exploded a 106.20% on an annualized basis in the , from $25.3B to $52.2B last quarter.
Blackstone ($BX) presents financial report next October. Forecasted for this quarter is $0.89, compared to $0.82 that was reported for Q2.
The Blackstone Group performance
|The Blackstone Group ($BX)||15.10%||28.20%||79.60%|
Please read:The thoughts written in this post are personal and should not be followed as recommendations for you to buy or sell shares. The author of this report does not have any knowledge of the individual conditions 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 provided for educative motives only
|Wednesday, July 28th, 2021|
|Day range||$112.36 - $114.95|
|Average true range||$4.15|
|50d mov avg||$97.64|
|100d mov avg||$88.26|
|200d mov avg||$74.61|
|Earnings date||October 26th, 2021|