Blackstone (BX) is trading at $122.56, just above its pivot point of $122.79 and inside a bullish moving-average stack. Binance futures data also shows open interest up 10.46% over 24 hours, while ...

Blackstone (BX) is up 0.25% on the session at $122.56, with a 24-hour range of $124.18 to $121.63. The setup is constructive on the trend side: the 7-day SMA at $121.46 sits above the 20-day SMA at $120.24, which in turn is above the 50-day SMA at $115.83. That alignment usually tells you the intermediate trend is still pointing higher.

The issue is timing. BX is sitting close to its pivot point at $122.79, but still below immediate resistance at $123.95 and the stronger barrier at $125.34. In other words, price is pressing into resistance, not yet clearing it.

Daily RSI at 55.95 is neutral to mildly positive, so momentum is not stretched. Bollinger positioning at 0.7452 suggests BX is trading in the upper half of its band range without being overextended, and the upper band sits at $124.97.

MACD is flat at 1.7441 versus a matching signal line, with a zero histogram. That reads as momentum pausing rather than accelerating. Stochastic %K at 52.15 versus %D at 41.72 also points to a market that is neither oversold nor fully impulsive.

The more notable shift is in derivatives activity. 54 contracts, with daily open interest value at $1,063,203. That suggests new positioning is being added, but it does not tell you direction by itself.

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