Blackstone Stocks (BX, $85.02) Gain Over 2% Yesterday and Display Promising Growth Prospects
Yesterday, the Dow lost around 0.4%, while the S&P 500 remained largely unchanged. The Nasdaq Composite gained 0.5%. The technology index reached its highest intraday level and highest closing level since August. In turn, our robots mostly experienced modest growth. Blackstone stocks (BX, $85.01) performed well and gained over 2% yesterday. They are present in almost every robot, and the outlook appears very promising for a potential uptrend. Overall, many stocks are currently trading at local lows without clear conditions. We are awaiting more positive news to trigger rebounds and stronger movements across a broader spectrum of stocks.
The Momentum Indicator crossed above the 0 level on May 17, 2023, suggesting a potential long position or call options on BX. In 62 out of 78 previous instances where the momentum indicator moved above 0, the stock continued to climb, indicating a 79% chance of a continued upward trend.
Furthermore, BX recently moved above its 50-day moving average on May 22, 2023, indicating a shift from a downward trend to an upward trend.
Considering a +2.02% 3-day advance, the price is projected to continue growing. Historical data from situations where BX experienced a 3-day advance shows that in 304 out of 386 cases, the price continued to rise within the following month, indicating a 79% chance of a sustained upward trend.
Momentum Indicator for BX turns positive, indicating new upward trend
BX saw its Momentum Indicator move above the 0 level on May 01, 2025. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 75 similar instances where the indicator turned positive. In of the 75 cases, the stock moved higher in the following days. The odds of a move higher are at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where BX's RSI Indicator exited the oversold zone, of 19 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for BX just turned positive on April 23, 2025. Looking at past instances where BX's MACD turned positive, the stock continued to rise in of 41 cases over the following month. The odds of a continued upward trend are .
BX moved above its 50-day moving average on May 08, 2025 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where BX advanced for three days, in of 349 cases, the price rose further within the following month. The odds of a continued upward trend are .
BX may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 10 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The 50-day moving average for BX moved below the 200-day moving average on April 08, 2025. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where BX declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for BX entered a downward trend on April 08, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 68, placing this stock better than average.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. BX’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: BX's P/B Ratio (14.472) is slightly higher than the industry average of (2.792). P/E Ratio (71.212) is within average values for comparable stocks, (27.341). Projected Growth (PEG Ratio) (1.854) is also within normal values, averaging (3.172). Dividend Yield (0.026) settles around the average of (0.071) among similar stocks. P/S Ratio (14.124) is also within normal values, averaging (11.763).
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