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BX trade ideas

Blackstone to have big month ahead?Based on historical movement, the trough could occur anywhere in the larger red box. The final targets are in the green boxes. The pending top should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated BUY on August 13, 2021 with a closing price of 114.37. If this instance is successful, that means the stock should rise to at least 115.14 which is the bottom of the larger green box. Three-quarters of all successful signals have the stock rise 3.0665% from the signal closing price. This percentage is the bottom of the smaller green box. Half of all successful signals have the stock rise 5.1565% which is the end point of the black dotted arrow. One-quarter of all successful signals have the stock rise 8.523% from the signal closing price which is the top of the smaller green box. The maximum rise on record would see a move to the top of the larger green box. These are the same concepts for the levels in the red boxes as well. The ends/vertical sides of the boxes are determined in a similar fashion. The peak of the rise can occur as soon as the next trading bar after signal close, while the max rise occurs within the limit of study at 40 trading bars after the signal. A 0.5% rise must occur over the next 40 trading bars in order to be considered a success. Three-quarters of successful movement occur after at least 10.5 trading bars; half occur within 22.5 trading bars, and one-quarter require at least 36.0 trading bars. The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement. As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play).
NYSE:BXLong
by StockSignaler
BX (Blackstone Group Inc.) - Bullish quarter aheadBlackstone Group Inc. Blackstone is one of the world's leading investment and advisory firms. Their alternative asset management businesses include the management of corporate private equity funds, real estate funds, funds of hedge funds, credit-oriented funds, collateralized loan obligation vehicles (CLOs) and closed-end mutual funds. The Blackstone Group also provides various financial advisory services, including mergers and acquisitions advisory, restructuring and reorganization advisory and fund placement services. Analysis/Commentary Strong EPS and Sales Growth Y-on-Y Based on the study of the previous quarterly earnings reports and subsequent price moves: - Current quarter has already given good growth from the LOW point - Would now like to see a small pullback, confirmed on Slo Stochastic before entry - Expectation for the price to move beyond MID to the HIGH point - Trailing stop-loss on price above MID point GOOD LUCK. DO YOUR OWN RESEARCH!
NYSE:BXLong
by kennzo
Blackstone May Be Squeezing Toward a BreakoutPrivate-equity giant Blackstone Group has squeezed into a tight range for the last month, but now it may be attempting a breakout. This chart shows the descending trend line on BX that began on December 23. BX closed above it yesterday for the first time, which could potentially draw interest. Next, the stock tried to sell off early this year. It bottomed around $61.27 on January 6. This was almost exactly its close last February 21 (immediately before the pandemic hammered markets). BX quickly recovered, a sign of buyers defending that level. Third, Bollinger Band Width has narrowed to the tightest range in over four months. Are prices getting ready to expand again? Finally, this volatility compression is occurring at the same zone where BX peaked 11 months ago. The result could be a breakout to new highs if the stock remains above its 8- and 21-day exponential moving averages. There could also be catalysts soon with earnings due on January 28 and its Bumble dating app reportedly going public next month. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
NYSE:BXLong
by TradeStation