Blackstone (BX) Hits Oversold Territory: What the Technical Signal Means for Investors

Legendary investor Warren Buffett’s famous principle — be fearful when others are greedy and greedy when others are fearful — remains a guiding light for contrarian investors. One practical way to measure market sentiment in individual stocks is through the Relative Strength Index (RSI), a technical momentum indicator that ranges from zero to 100. When RSI drops below 30, traders consider the stock to have entered oversold territory, suggesting that recent selling pressure may be approaching exhaustion.

BX Shows Extreme Oversold Reading

During recent trading, Blackstone Inc (ticker: BX) triggered an oversold alert, with its RSI plummeting to 26.5 as shares traded as low as $134.075. This reading stands in sharp contrast to the S&P 500 ETF (SPY), which maintains an RSI of 54.9, indicating the broader market remains in relatively neutral territory. For context, BX’s 52-week range spans from a low of $115.66 to a high of $190.085, with the stock’s last closing price around $132.68.

What This Means for Technical Traders

From a technical perspective, an RSI reading of 26.5 suggests that selling momentum in BX may be losing steam, potentially signaling that aggressive liquidation has run its course. Opportunistic investors following a contrarian strategy could view this oversold condition as a potential entry point to establish positions, particularly if they believe the company’s fundamentals remain intact.

The key insight here is that extreme RSI readings — whether oversold below 30 or overbought above 70 — often precede reversals or corrective moves in either direction. BX’s current technical setup presents an interesting case study for those monitoring technical signals in major financial services stocks.