We assign a technical rating of 0 out of 10 to BSY. BSY scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
BSY has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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37.68
When analyzing the support we notice one important area.
- A support zone ranging from 38.06 to 39.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 40.15 to 40.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @54.15 from a trend line in the daily time frame.
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 | DOWN | NEGATIVE | The long term trend for BSY is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BSY is neutral. |
| ChartMill Relative Strength | 15.78 | NEGATIVE | BSY has a low relative strength, it was outperformed by 84.22% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of BSY is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BSY is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BSY is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.92 | NEUTRAL | The RSI value for BSY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.36 | POSITIVE | The MACD value suggests BSY has a positive trend. |
| Stochastics (14,3) | 81.41 | OVERBOUGHT | The high Stochastics value suggests BSY may be overbought. |
| Average True Range in percent/ATR (20) | 2.03 | MEDIUM VOLATILITY | The ATR as a percentage value for BSY suggests some volalility. |
| Average Directional Index/ADX (14) | 35.98 | POSITIVE | The high ADX value value for BSY suggests a strong trend. |
40.14
+0.01 (+0.02%)
BENTLEY SYSTEMS INC-CLASS B / BSY FAQ
Can you provide the ChartMill technical rating for BENTLEY SYSTEMS INC-CLASS B?
ChartMill assigns a technical rating of 0 / 10 to BSY.
Can you provide the trend direction for BENTLEY SYSTEMS INC-CLASS B?
The current trend direction for BENTLEY SYSTEMS INC-CLASS B (BSY) is Bearish.
Can you provide the RSI signal for BENTLEY SYSTEMS INC-CLASS B?
BENTLEY SYSTEMS INC-CLASS B (BSY) has an RSI value of 47.9213. This indicates that the stock is currently neutral.
What is the short term momentum for BENTLEY SYSTEMS INC-CLASS B (BSY) stock?
The short term momentum for BENTLEY SYSTEMS INC-CLASS B (BSY) is neutral.
What are the support and resistance levels for BENTLEY SYSTEMS INC-CLASS B (BSY) stock?
BENTLEY SYSTEMS INC-CLASS B (BSY) has a support level at 39.47 and a resistance level at 40.15. Check the full technical report for our detailed analysis of BSY support and resistance levels.