BLACKSTONE INC. - Daily - Technical analysis published on 10/02/2019 (GMT)
- 372
- 0
- Who voted?
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Slightly bearish
Technical indicators
11%
78%
11%
My opinion
Bearish under 49.72 USD
My targets
43.96 USD (-4.46%)
41.80 USD (-9.15%)
My analysis
The strong short-term decline of THE BLACKSTONE GROUP reinforces the current slightly bearish trend. As long as the price remains below 49.72 USD, you could take advantage of this bearish acceleration. The first bearish objective is located at 43.96 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 41.80 USD as an objective. Crossing it would then enable sellers to target 39.69 USD. A return to above 49.72 USD would be a sign of a correction of short-term bearish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
FORCE
0
10
5
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The THE BLACKSTONE GROUP price is 46.01 USD. The price is lower by -2.54% since the last closing and was traded between 45.62 USD and 46.77 USD over the period. The price is currently at +0.85% from its lowest and -1.62% from its highest.45.62
46.77
46.01
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of THE BLACKSTONE GROUP in Daily shows an overall slightly bearish trend. 60.71% of the signals given by moving averages are bearish. This slightly bearish trend could be reinforced by the strong bearish signals given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : Daily
In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 39.69 | 41.80 | 43.96 | 46.01 | 49.72 | 53.55 |
| Change (%) | -13.74% | -9.15% | -4.46% | - | +8.06% | +16.39% |
| Change | -6.32 | -4.21 | -2.05 | - | +3.71 | +7.54 |
| Level | Major | Minor | Major | - | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 43.56 | 45.27 | 46.24 | 47.95 | 48.92 | 50.63 | 51.60 |
| Camarilla | 46.47 | 46.72 | 46.96 | 47.21 | 47.46 | 47.70 | 47.95 |
| Woodie | 43.19 | 45.08 | 45.87 | 47.77 | 48.55 | 50.45 | 51.23 |
| Fibonacci | 45.27 | 46.29 | 46.93 | 47.95 | 48.98 | 49.61 | 50.63 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 44.33 | 46.87 | 48.55 | 51.09 | 52.77 | 55.31 | 56.99 |
| Camarilla | 49.06 | 49.45 | 49.83 | 50.22 | 50.61 | 50.99 | 51.38 |
| Woodie | 43.89 | 46.65 | 48.11 | 50.87 | 52.33 | 55.09 | 56.55 |
| Fibonacci | 46.87 | 48.48 | 49.48 | 51.09 | 52.70 | 53.70 | 55.31 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 39.58 | 43.96 | 46.40 | 50.79 | 53.23 | 57.61 | 60.05 |
| Camarilla | 46.96 | 47.59 | 48.21 | 48.84 | 49.47 | 50.09 | 50.72 |
| Woodie | 38.60 | 43.47 | 45.43 | 50.30 | 52.25 | 57.12 | 59.08 |
| Fibonacci | 43.96 | 46.57 | 48.18 | 50.79 | 53.39 | 55.00 | 57.61 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 30.21 | |
| MACD (12,26,9): | -0.1600 | |
| Directional Movement: | -20.77 | |
| AROON (14): | -85.71 | |
| DEMA (21): | 50.69 | |
| Parabolic SAR (0,02-0,02-0,2): | 54.32 | |
| Elder Ray (13): | -4.08 | |
| Super Trend (3,10): | 51.17 | |
| Zig ZAG (10): | 46.15 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 5.62 | |
| TEMA (21): | 49.62 | |
| Williams %R (14): | -92.41 | |
| Chande Momentum Oscillator (20): | -7.14 | |
| Repulse (5,40,3): | -6.2700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.2300 | |
| Courbe Coppock: | 5.32 |
| MA7: | 50.13 | |
| MA20: | 51.35 | |
| MA50: | 49.39 | |
| MA100: | 46.16 | |
| MAexp7: | 49.29 | |
| MAexp20: | 50.48 | |
| MAexp50: | 49.19 | |
| MAexp100: | 46.33 | |
| Price / MA7: | -8.22% | |
| Price / MA20: | -10.40% | |
| Price / MA50: | -6.84% | |
| Price / MA100: | -0.32% | |
| Price / MAexp7: | -6.65% | |
| Price / MAexp20: | -8.85% | |
| Price / MAexp50: | -6.46% | |
| Price / MAexp100: | -0.69% |
News
The latest news and videos published on THE BLACKSTONE GROUP at the time of the analysis were as follows:
- Blackstone Announces Third Quarter 2019 Investor Call
- Blackstone to Acquire 65% Controlling Interest in Great Wolf Resorts and Form New $2.9 Billion Joint Venture With Centerbridge Partners
- Blackstone Closes Acquisition of Vungle, a Leading Mobile Performance Marketing Platform
- Blackstone Closes Acquisition of Vungle, a Leading Mobile Performance Marketing Platform
- Blackstone Closes Acquisition of Vungle, a Leading Mobile Performance Marketing Platform
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis BLACKSTONE INC. - Daily