BROADSOFT INC (BSFT) Stock Technical Analysis
USA - NASDAQ:BSFT - US11133B4095
Overall BSFT gets a technical rating of 7 out of 10. 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.
BSFT has an excellent technical rating and 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.
More info and screens
53.79
We found 1 important support 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.
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. |
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.
54.9
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BROADSOFT INC / BSFT 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 current trend direction of BROADSOFT INC (BSFT) stock?
The current trend direction for BROADSOFT INC (BSFT) is Bullish.
Can you provide the RSI signal for BROADSOFT INC?
BROADSOFT INC (BSFT) has an RSI value of 52.4057. This indicates that the stock is currently neutral.
What is the MACD signal for BROADSOFT INC (BSFT) stock?
The MACD indicator for BROADSOFT INC (BSFT) has a value of -0.00898118, indicating a bearish trend.
Can you provide the support and resistance levels for BROADSOFT INC?
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.