Following these proceedings, Wells Fargo downgraded its Blackstone Secured Lending Fund [BXSL] rating to an Equal weight from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in late March from “a Neutral” to “a Buy”. Raymond James also remained covering BXSL and has decreased its forecast on February 29, 2024 with a “Mkt perform” recommendation from previously “an Outperform” rating. JP Morgan revised its rating on October 23, 2023. It rated BXSL as “an Overweight” which previously was an “a Neutral”.
Price Performance Review of BXSL
On Monday, Blackstone Secured Lending Fund [NYSE:BXSL] saw its stock jump 2.86% to $30.62. Over the last five days, the stock has gained 4.01%. Blackstone Secured Lending Fund shares have fallen nearly -5.23% since the year began. Nevertheless, the stocks have fallen -3.50% over the past one year. While a 52-week high of $34.64 was reached on 02/19/25, a 52-week low of $25.89 was recorded on 04/09/25. SMA at 50 days reached $30.77, while 200 days put it at $31.21.
Levels Of Support And Resistance For BXSL Stock
The 24-hour chart illustrates a support level at 30.29, which if violated will result in even more drops to 29.96. On the upside, there is a resistance level at 31.04. A further resistance level may holdings at 31.46. The Relative Strength Index (RSI) on the 14-day chart is 57.36, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.44, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 23.08%. Stochastics %K at 81.76% indicates the stock is a selling.
The most recent change occurred on October 10, 2023 when Truist began covering the stock and recommended ‘”a Buy”‘ rating along with a $29 price target.
