Blue Owl Capital $OWL Stock Candle Over Candle Turn On Dark Pool Trade

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Blue Owl Capital $OWL stock formed a candle over candle turn on October 14, 2022, after a dark pool trade hit the tape in the stock.

Dark Pool Trade In Blue Owl Capital $OWL Stock

A dark pool trade occurred in Blue Owl $OWL stock on October 13, 2022. The dark pool trading data suggests that the $14 million block order was a buy as Blue Owl stock did a sizeable gap up open the next day on October 14, 2022.

Blue Owl stock chart with a dark pool trade showed with orange bar on October 16, 2022.

Make sure to review this lesson on dark pool trading so that you understand the chart above.

SPAC bubble has burst, Blue Owl still has potential, Barron’s says

On October 1, 2022, Barron’s published and article that stated that one year ago, investors couldn’t get enough of special-purpose acquisition companies. Now, they can’t dump SPACs fast enough. Barron’s said that new technologies, new capital, and optimistic business projections had investors dreaming of big gains from these blank-check companies, like the 250% pop in 2020. Now that bubble has popped, says the author. Many of the stocks got what they deserved after offering financial guidance that has proven wildly off the mark, but not every company has failed so spectacularly, the publication adds. Many look like solid companies that made the bad choice of coming to market via a SPAC, the author writes, such as Blue Owl Capital (OWL), ChargePoint (CHPT), Luminar (LAZR), Rocket Lab (RKLB), Vacasa (VCSA), and Vivid Seats (SEAT). Source:

Blue Owl Capital started with an Overweight at Piper Sandler

On October 14, 2022, Piper Sandler analyst Sumeet Mody started coverage of Blue Owl Capital with an Overweight rating and $16 price target. The analyst says the company is well positioned to benefit from long-term industry tailwinds. Mody says that Blue Owl’s differentiated model should cause fee-related earnings growth trajectory and the shares are trading at a very attractive entry point. Mody thinks that Blue Owl’s earnings growth will outperform peers through 2023 given its lack of exposure to carry or investment income volatility.

Blue Owl Capital price target lowered to $16 from $19 at Deutsche Bank

On October 12, 2022, Deutsche Bank analyst Brian Bedell lowered the firm’s price target on Blue Owl Capital to $16 from $19 and kept a Buy rating on the shares. Bedell views the alternative asset managers and exchanges as best positioned into the Q3 earnings prints. He revised some macro assumptions in his models and earnings estimates and price targets, which have a downward bias on lower valuations. Bedell sees this year’s price declines as providing good long-term entry points. However, he’s more cautious on the near-term with a view that Q3 earnings results and commentary will produce negative earnings revisions for Q4 consensus estimates for more than half of his coverage.

Blue Owl Capital $OWL Stock Technical Analysis

Blue Owl Capital $OWL stock is in a technical strong downtrend. Long-term indicators suggest a continuation of the downtrend; however, short-term indicators suggest that the stock is approaching oversold territory and that a trend reversal or bounce is possible. Still, the negative MACD and money flow suggest that the candle over candle turn might be short-lived.

Blue Owl Capital stock chart on October 16, 2022, in a downtrend channel with negative but improving MACD and a negative money flow.
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