Boston Properties, Inc. (BXP) – real estate company in free fall

ISIN: US1011211018

Boston Properties is a US real estate investment company. Its portfolio comprises upscale office properties and business centers as well as a hotel. Its activities are concentrated on city regions such as Boston, Washington D.C., New York, San Francisco and Princeton. Boston Properties is among the leading real estate trusts worldwide, with main clients such as the US government and major companies like Citibank. In the following analysis, we will expand on the company stock from a chart-related perspective.

 

Review (daily chart)

After the SMA 200, which is observed by many market participants, was undercut very dynamically, a downward trend was also established around the end of April, which has now been confirmed in the current trading month and is currently being corrected. The BXP stock is a potential short candidate with very attractive target prices and a downward potential of up to 15%.

 

real estate company BXP daily chart with targets

real estate company BXP daily chart with targets

 

Outlook hourly chart

In the hourly chart, we can see the correction that is currently underway, which has yet to develop in our preferred trading direction. For a short entry, one should wait for the formation of a signal, e.g. in the form of a P2, and place the stop loss above the last P3 (depicted in green). Alternatively, and with the advantage of a more favorable stop, one can also practise trading from out of the correction or the formation of a reversal bar at a significant point.

 

BXP hourly chart with outlook

BXP hourly chart with outlook

 

The targets are located in the area around $117.00 until down into the area of approx. $114.00 and $108.00 (see green zones in the daily chart), which makes the stock even more attractive for short entries. If the price significantly exceeds the last prominent high at $128.00, we should abandon the short scenario for the time being (depicted in red in the daily chart).

Before trading, one should take news in the environment and from the company into account. Similarly, one should also observe the development of the overall market.

 

 

 

Neither the author nor our company is invested in the securities and underlyings discussed at the time of publishing this analysis.

Disclaimer:

Exchange transactions are associated with significant risks. Those who trade on the financial and commodity markets must familiarize themselves with these risks. Possible analyses, techniques and methods presented here are not an invitation to trade on the financial and commodity markets. They serve only for illustration, further education, and information purposes, and do not constitute investment advice or personal recommendations in any way. They are intended only to facilitate the customer’s investment decision, and do not replace the advice of an investor or specific investment advice. The customer trades completely at his or her own risk.

Boston Properties, Inc. (BXP) – real estate company in free fall
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