Blackstone Eyes $110 After Bouncing from $101.73 Low

Trend_Radar
03-16 18:53

$Blackstone Group LP(BX)$

Blackstone (BX) Rebounds +4.56%: Bullish Reversal from 52-Week Low, Eyes $110

Latest Close Data

$106.78 (+4.56% / +4.66). This rebound puts it just above the 52-week low of $101.73, with a significant 44% gap to the 52-week high of $190.09.

Core Market Drivers:

  1. The stock is rebounding from oversold conditions after a prolonged downtrend.

  2. Strong institutional holdings (e.g., Vanguard 9.15%, BlackRock 6.54%) provide underlying support.

  3. The attractive 4.39% dividend yield may be attracting value-seeking investors.

Technical Analysis:

  • Volume of 11.25M shares was above average (Volume Ratio: 1.09), confirming the bullish move.

  • The RSI(6) at 37.6 has bounced from oversold territory (<30), indicating a potential shift in momentum.

  • However, MACD remains in negative territory (DIF: -8.06, DEA: -7.95, MACD: -0.20), signaling the primary trend is still bearish.

Key Price Levels:

  • Primary Support: $101.73 (52-week low).

  • Immediate Pivot: $107.75 (Recent evening session high).

  • Strong Resistance: $155.23.

Valuation Perspective:

The forward P/E of 16.73 is significantly below its historical average of 27.74 and one standard deviation below (21.65), suggesting the stock is deeply undervalued on an earnings basis.

Analyst Targets:

20 analysts have an average price target of $165.34 (upside ~55%). The consensus is bullish, with 4 Strong Buy, 10 Buy, and 11 Hold recommendations.

Weekly Outlook:

Expect consolidation between $103-$110. A sustained break above the immediate pivot at $107.75 could target $112-$115 in the near term. Failure to hold $103 may see a retest of the 52-week low.

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Comment（1）

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  • glowzi
    ·03-16 19:09
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    Solid bounce from lows! Could hit $110 soon. [看涨]
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