To The Moon

$Blackstone Group LP(BX)$

$Blackstone(BX) +3.20% Momentum Reclaims $145, Eyes $149.57 Resistance Break

Latest Close Data BX closed at $145.09 (+3.20%) on Aug 20, 2026, after touching a session high of $146.87. The stock now sits 23.7% below its 52-week high of $190.09, but has recovered sharply from the Aug 18 support zone near $120.56.

Core Market Drivers The rebound comes despite lingering concerns over Blackstone's abandoned ~$3B debt-financing plan and a 94% profit drop at its listed private credit fund. Broader asset management sentiment stabilized, with buy-the-dip flows returning to alternative asset leaders. Blackstone's portfolio company Safe Harbor also agreed to acquire MarineMax for $53/share, signaling continued deal activity.

Technical Analysis Volume of 3.12M shares was moderate (volume ratio 0.81), suggesting the rally lacked aggressive distribution. MACD remains bullish with DIF at 5.13 and DEA at 4.91, though the histogram has compressed to 0.44 — momentum is decelerating. RSI(6) recovered to 62.2 from oversold territory, while RSI(12) sits at 63.0, leaving room before overbought. KDJ shows K=63.1, D=69.7, J=49.8 — a neutral-to-constructive posture after the recent pullback.

Key Price Levels

• Primary Support: $141.71 (Aug 20 low) — must hold to preserve short-term uptrend

• Strong Resistance: $149.57 (Aug 18 pivot high) — a daily close above this unlocks $155–$160

• Immediate Pivot: $145.09 — reclaiming this level signals buyer control into the close

Valuation Perspective BX trades at a P/E TTM of 32.48 and P/S of 7.50, with Forward P/E of 23.38 — below its historical average of 27.76. Dividend yield stands at 3.60%, providing downside cushion.

Analyst Targets 21 analysts cover BX with an average target of $146.47 (range: $119–$188). Distribution: 4 Strong Buy, 11 Buy, 10 Hold — a cautiously constructive consensus.

Weekly Outlook Expect range-bound action between $141.71 and $149.57 over the next week. A daily close above $149.57 opens the path to $155–$160; failure at $141.71 could retest the $136–$138 gap zone. Watch for volume expansion on any breakout attempt.

⚠️ Risk Disclaimer: This analysis is for informational purposes only and does not constitute investment advice. Markets involve risk. Past performance does not guarantee future results.

🎯$Blackstone(BX) Options Strategy: Bull Put Credit Spread

• Underlying: BX (Blackstone)

• View: Cautiously bullish — momentum reclaimed $145 with support at $141.71; expect range-bound action between $141.71–$149.57 with upward bias

• Strategy Type: Credit spread (bull put vertical) — positive Theta, short Vega

• Option Contract Portfolio:

  • Sell to Open: BX Aug 28, 2026 $142 Put @ $1.98 credit

  • Buy to Open: BX Aug 28, 2026 $137 Put @ $0.76 debit

  • Net Credit: $1.22 per spread (width: $5.00)

• Max Gain & Loss:

  • Max Gain: $1.22 per spread (if BX ≥ $142 at expiry)

  • Max Loss: $3.78 per spread (if BX ≤ $137 at expiry)

• Initial Cost/Credit: Credit of $1.22 per spread

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