Blackstone Stock Forecast
Blackstone stock price ended at $118.40 on Friday, after losing 1.60%.
(Updated on Apr 19, 2024)
The Blackstone stock price fell by -1.60% on the last day (Friday, 19th Apr 2024) from $120.32 to $118.40. During the last trading day the stock fluctuated 3.16% from a day low at $118.06 to a day high of $121.79. The price has been going up and down for this period, and there has been a -7.2% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -2 million shares and in total, 3 million shares were bought and sold for approximately $407.32 million.
Given the current horizontal trend, you can expect Blackstone stock with a 90% probability to be traded between $119.48 and $133.35 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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BX Signals & Forecast
There are few to no technical positive signals at the moment. The Blackstone stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $122.19 and $126.05. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -10.30%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Blackstone stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $3.73 between high and low, or 3.16%. For the last week, the stock has had daily average volatility of 3.26%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BX) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect The Blackstone Group LP to open at $119.42, and during the day (based on 14 day Average True Range), to move between $114.85 and $121.95, which gives a possible trading interval of +/-$3.55 (+/-3.00%) up or down from last closing price. If The Blackstone Group LP takes out the full calculated possible swing range there will be an estimated 6.00% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $124.80, some $6.40 (5.41%) from the current price of $118.40, our system finds the risk reward not very attractive.
Is The Blackstone Group LP stock A Buy?
Blackstone holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.810 Sell Candidate Unchanged
Predicted Opening Price for The Blackstone Group LP of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $119.42 ( 0.86%) | $118.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 123.15 | 4.01 % | |
| R2 | 121.72 | 2.81 % | ||
| R1 | 120.84 | 2.06 % | ||
| Current price: | 118.40 | |||
| Support | S1 | 117.99 | -0.345 % | |
| S2 | 117.11 | -1.09 % | ||
| S3 | 115.69 | -2.29 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 124.97 | 5.55 % | |
| R2 | 124.95 | 5.53 % | ||
| R1 | 124.80 | 5.41 % | ||
| Current price | 118.40 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
BX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 25, 2024 | Feb 02, 2024 | Feb 12, 2024 | $0.94 | 0.723% |
| 2 | Oct 27, 2023 | Oct 27, 2023 | Nov 06, 2023 | $0.80 | 0.81% |
| 3 | Jul 20, 2023 | Jul 31, 2023 | Aug 07, 2023 | $0.790 | 0.760% |
| 4 | Jul 20, 2023 | Jul 28, 2023 | Aug 07, 2023 | $0.790 | 0.760% |
| 5 | Apr 20, 2023 | Apr 28, 2023 | Aug 07, 2023 | $0.82 | 0.789% |
FAQ
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