Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
Blackstone’s stock price (BX) fell in the intraday levels, while hurt by piercing the secondary upward trend line in the short term, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI.
Therefore we expect more losses for the stock, targeting the pivotal support of $114.90, provided the resistance of $125.60 holds on.
Trend forecast: Bearish