BX, a stock in the financial sector, has recently moved below its 50-day moving average, indicating a change from an upward trend to a downward trend. According to Tickeron's robot factory, an AI trading robot from Swing Trader: Medium Volatility Stocks for Active Trading (TA&FA) was a top performer over the week, generating a return of 4.80% for BX.
However, past instances suggest that the odds of a continued downward trend are 79%. In 22 of 28 similar past instances, the stock price decreased further within the following month. Investors should proceed with caution and consider potential risks when making decisions related to BX.
Analyzing Earnings Results
The last earnings report for BX was released on April 20, showing earnings per share of 97 cents, beating the estimated earnings per share of 94 cents. This indicates that the company performed better than expected, which could be a positive factor for investors.
With 3.37 million shares outstanding, the current market capitalization of BX sits at 60.00 billion. This information could be valuable for investors who are interested in understanding the company's size and potential for growth.
Technical analysis and earnings results are both important factors that investors should consider when making investment decisions. While the AI trading robot from Swing Trader: Medium Volatility Stocks for Active Trading (TA&FA) generated a positive return for BX, the recent change in trend and historical data suggest potential risks. Additionally, the better-than-expected earnings per share could be a positive factor, but investors should continue to monitor the company's financial performance.
BX moved below its 50-day moving average on April 12, 2024 date and that indicates a change from an upward trend to a downward trend. In of 31 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are .
The Momentum Indicator moved below the 0 level on April 10, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on BX as a result. In of 74 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for BX turned negative on April 10, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 43 similar instances when the indicator turned negative. In of the 43 cases the stock turned lower in the days that followed. This puts the odds of success at .
The 10-day moving average for BX crossed bearishly below the 50-day moving average on April 15, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 15 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
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 25, 2024. 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 Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 55 cases where BX's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that 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 374 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.
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 77, 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 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 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 (2.968). P/E Ratio (71.212) is within average values for comparable stocks, (26.370). Projected Growth (PEG Ratio) (1.854) is also within normal values, averaging (3.110). Dividend Yield (0.026) settles around the average of (0.072) among similar stocks. P/S Ratio (14.124) is also within normal values, averaging (17.574).
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 average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a provider of investment and fund management services
Industry InvestmentManagers