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.
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where BX declined for three days, in of 252 cases, the price declined further within the following month. The odds of a continued downward trend are .
The RSI Indicator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 3 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
BX broke above its upper Bollinger Band on October 16, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Momentum Indicator moved above the 0 level on October 14, 2024. You may want to consider a long position or call options on BX as a result. In of 78 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for BX just turned positive on October 16, 2024. 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 .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where BX advanced for three days, in of 366 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 330 cases where BX Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding 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 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 74, placing this stock better than average.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable 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 PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average 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 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 (2.748). P/E Ratio (71.212) is within average values for comparable stocks, (26.853). Projected Growth (PEG Ratio) (1.854) is also within normal values, averaging (3.172). Dividend Yield (0.026) settles around the average of (0.073) among similar stocks. P/S Ratio (14.124) is also within normal values, averaging (11.537).
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
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