financetom
Technology
financetom
/
Technology
/
American Stocks Analysis
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
American Stocks Analysis
May 23, 2024 7:43 AM

Blackstones tock price (BX) fell in the intraday levels, while gathering positive momentum to rise anew, as it also vented off overbought saturation in the RSI with negative signals out of them, amid the dominance of the main upward trend in the medium term, while trading alongside the secondary short-term trend line, thus leaning on the support of the 50-day SMA.

Therefore we expect the stock to return higher, targeting the pivotal and stubborn resistance of $133.53, provided it settles below $122.20.

Trend forecast: Likely Bullish

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
This Is What Whales Are Betting On Unity Software
This Is What Whales Are Betting On Unity Software
Sep 6, 2024
Whales with a lot of money to spend have taken a noticeably bullish stance on Unity Software ( U ). Looking at options history for Unity Software ( U ) we detected 12 trades. If we consider the specifics of each trade, it is accurate to state that 66% of the investors opened trades with bullish expectations and 33% with...
Broadcom raises annual AI revenue estimate on demand for custom chips
Broadcom raises annual AI revenue estimate on demand for custom chips
Sep 6, 2024
(Reuters) -Chipmaker Broadcom raised its forecast for fiscal 2024 artificial intelligence revenue, citing higher demand for networking equipment and growing orders for its custom chips business. However, the company reported a loss of $1.88 billion in the quarter on a GAAP basis, compared with a profit of $3.30 billion a year ago. Shares of the Irvine, California-based company fell more...
These Analysts Boost Their Forecasts On Guidewire Software Following Upbeat Q4 Results
These Analysts Boost Their Forecasts On Guidewire Software Following Upbeat Q4 Results
Sep 6, 2024
Guidewire Software, Inc ( GWRE ). reported better-than-expected fourth-quarter financial results on Thursday. Total revenue rose 8% Y/Y to $291.5 million, beating the consensus of $283.9 million. Subscription and support revenue increased by 29% Y/Y to $151.8 million, while license revenue decreased by 12% Y/Y to $88.9 million. Also, Services revenue fell by 2% to $50.8 million in the quarter....
Broadcom shares slump as revenue target disappoints investors hoping for big AI boost
Broadcom shares slump as revenue target disappoints investors hoping for big AI boost
Sep 6, 2024
(Reuters) - Broadcom's ( AVGO ) shares slid about 9% in premarket trading on Friday, after the chipmaker's revenue forecast spooked investors betting on robust demand for AI chips to drive strong growth. The chip major posted big declines in revenues from its broadband and non-AI networking divisions on Thursday, offsetting a hike in its forecast for AI chip sales....
Copyright 2023-2025 - www.financetom.com All Rights Reserved