BROADSOFT INC (BSFT) Technical Analysis
NASDAQ:BSFT • US11133B4095
Current stock price
BSFT Technical Rating and Analysis
We assign a technical rating of 7 out of 10 to BSFT. Although BSFT is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Both the short term and long term trends are positive. This is a very positive sign.
- BSFT is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- Looking at the yearly performance, BSFT did better than 76% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- In the last month BSFT has a been trading in a tight range between 54.60 and 55.00.
BSFT Weekly and Daily overview Charts
BSFT Setup Rating and Analysis
Besides having an excellent technical rating, BSFT also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 54.93. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 54.87, a Stop Loss order could be placed below this zone.
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BSFT Support and Resistance Analysis
53.79
When analyzing the support we notice one important area.
- A support zone ranging from 54.33 to 54.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 54.93 to 55.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
BSFT Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for BSFT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BSFT is up. |
| ChartMill Relative Strength | 76.18 | POSITIVE | BSFT has a high relative strength, it outperformed 76.18% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BSFT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BSFT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BSFT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.41 | NEUTRAL | The RSI value for BSFT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests BSFT has a negative trend. |
| Stochastics (14,3) | 71.43 | NEUTRAL | The Stochastics value for BSFT is a neutral value. |
| Average True Range in percent/ATR (20) | 0.25 | LOW VOLATILITY | The low ATR as a percentage value for BSFT suggests low volalility. |
BSFT Chart- and CandleStick Pattern Analysis
BSFT Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 54.94 | 54.89 | 0.05 (0.09%) | 25.00% |
| An entry @54.94. This is a Buy Stop order right above the 10 day moving average. | An exit @54.89. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.05 points, which is 0.09%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.02%. |
- The distance between exit and entry is rather small compared to the average daily movement of BSFT. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
BSFT Technicals: Chart, Performance Metrics, Trend & Indicators
54.9
0 (0%)
BROADSOFT INC / BSFT TA FAQ
What is the ChartMill technical rating of BROADSOFT INC (BSFT) stock?
ChartMill assigns a technical rating of 7 / 10 to BSFT.
What is the trend direction for BSFT stock?
The current trend direction for BROADSOFT INC (BSFT) is Bullish.
What is the RSI signal for BSFT stock?
BROADSOFT INC (BSFT) has an RSI value of 52.4057. This indicates that the stock is currently neutral.
What is the short term momentum for BROADSOFT INC (BSFT) stock?
The short term momentum for BROADSOFT INC (BSFT) is positive.
What are the support and resistance levels for BROADSOFT INC (BSFT) stock?
BROADSOFT INC (BSFT) has a support level at 54.87 and a resistance level at 54.93. Check the full technical report for our detailed analysis of BSFT support and resistance levels.