BENTLEY SYSTEMS INC-CLASS B (BSY) Stock Technical Analysis
USA - NASDAQ:BSY - US08265T2087 - Common Stock
51.3 USD
+1.01 (+2.01%)
51.3 USD
0 (0%)
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.
When comparing the yearly performance of all stocks, BSY is a bad performer in the overall market: 72% of all stocks are doing better.
BSY is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
BSY has an average volume of 2153110 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
BSY is an average performer in the Software industry, it outperforms 52% of 285 stocks in the same industry.
BSY is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BSY is lagging the market.
BSY has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 49.77, a Stop Loss order could be placed below this zone.
More info and screens
46.77
59.32
When analyzing the support we can see 2 important areas.
- A support zone ranging from 49.34 to 49.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @47.24 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 51.38 to 52.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 58.60 to 58.73. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for BSY is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BSY is down. |
| ChartMill Relative Strength | 28.46 | NEGATIVE | BSY has a low relative strength, it was outperformed by 71.54% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BSY is below 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) | UP | POSITIVE | The current price of BSY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.4 | NEUTRAL | The RSI value for BSY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests BSY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 19.81 | OVERSOLD | The low Stochastics value suggests BSY may be oversold. |
| Average True Range in percent/ATR (20) | 3.51 | MEDIUM VOLATILITY | The ATR as a percentage value for BSY suggests some volalility. |
| Average Directional Index/ADX (14) | 15.82 | NEGATIVE | The low ADX value for BSY suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
51.3
+1.01 (+2.01%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg2.01%
1 Week3.95%
2 Weeks-6.71%
1 Month-2.88%
3 Month-11.26%
6 Month18.78%
12 Month2.72%
2 Year5.47%
3 Year45.41%
5 Year46.32%
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.12
ATR(20)%3.51%
ATR Inc-33%
Range Today1.12
ADR(20)1.69
ADR(20)%3.3%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS28.46
Mansfield-0.45
10 Day High57.25
10 Day Low49.17
20 Day High57.25
20 Day Low49.17
52 Week High59.25
52 Week Low36.51
CS1 End49.77
CR1 Start51.38
Volume & EV
DER(3)-1.08%
DER(5)-1.69%
Volume1.18M
Volume Incr-46.92%
Vol(5)1.62M
Vol(50)2.15M