Boston Properties (NYSE: BXP) Boston Properties, Inc. operates as a real estate investment trust. It develops, acquires, manages and owns a portfolio of Class A properties. The firm operates through the following geographical locations: Boston, New York, San Francisco and Washington. The company was founded by Mortimer Benjamin Zuckerman and Edward H. Linde in 1970 and is headquartered in Boston, MA.
Will BXP Stock Surpass 200 Day EMA Hurdle?
BXP stock price is trading near the 100 day EMA and showed a rebound from the round mark of $50. Furthermore, the chart noted a double bottom pattern and is showing the buying accumulation. Additionally, the technicals are suggesting that BXP stock may soon be above the hurdle of 200 day EMA and may retest the 52 week high in the upcoming sessions.
The RSI curve stayed in the overbought zone forming a bullish divergence. The MACD indicator shows a bullish crossover and green bars on the histogram suggesting outperformance in the next sessions.
BXP Stock Price Prediction 2023
BXP stock price bounced from the demand zone and is healing now. Furthermore, the stock has retested the base and is looking strong with the vision to surpass the 200 day EMA hurdle.
At press time, BXP stock price is trading at $58.91 with an intraday gain of 5.50% showing bullishness in the yesterday’s trading session. Furthermore, the trading volume increased by 1.45% to 2.229 Million while the market cap is $9.241 Million. Additionally, analysts have maintained a buy rating with a yearly target price of $66.41 suggesting a growth outlook.
If BXP stock succeeds in extending the gains beyond the 200 day EMA, BXP will reach the highs of $70 by 2023. Conversely, if buyers lose steam, BXP stock may retest the neckline of $50 followed by $45 again.
BXP Stock Price Prediction 2024
On the monthly chart, BXP stock witnessed a correction and is now attempting to sustain at the 20 day EMA. However, the bears did not permit the bulls to escape the mark of $60 and have a strong grip there.
Furthermore, the price action shows a bears’ dominance and is suggesting that stock will gain traction only above the barrier of $65; below it selling pressure will persist. BXP stock needs to escape the hurdle of $75 to unlock the buying action.
BXP stock has a potential to reach the trajectory highs of $80 followed by $100 by 2024. If the opposite happens, BXP stock will reach the minimum of $40 followed by $30, if selloff comes.
BXP Stock Price Prediction 2025
On the 6 months chart, BXP stock shows bearish dominance and is below the 20 day EMA. However, the stock is making a doji candlestick and is at a make or break zone. Furthermore, the technicals are showing that, the correction is over and that the trend may flip soon.
BXP stock will soon outperform the market and may reach the maximum of $130 followed by $150 in the next few years. Conversely, if the bears succeed in pushing it below $50, BXP stock may reach the minimum of $25.
Summary
BXP stock price is trading near the 100 day EMA and is gaining strength. Furthermore, the price action shows that bulls are looking to retest the 52 week highs and are accumulating the gains. Additionally, the stock has corrected a lot from the highs and is now looking to flip the trend.
Technical Levels
Support Levels: $50 and $45
Resistance Levels: $65 and $70
Disclaimer
The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto or stocks comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing
Source: https://www.thecoinrepublic.com/2023/11/04/bxp-stock-price-prediction-2023-25-is-bxp-a-wise-pick/