BENTLEY SYSTEMS INC-CLASS B (BSY) Stock Technical Analysis
NASDAQ:BSY - Nasdaq - US08265T2087 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to BSY. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, BSY is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
A new 52 week high is currently being made by BSY, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month BSY has a been trading in the 49.31 - 57.53 range, which is quite wide. It is currently trading near the high of this range.
BSY has an average volume of 1765380 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, BSY did better than 83% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
BSY is part of the Software industry. There are 282 other stocks in this industry, BSY did better than 69% of them.
Although BSY has an excellent technical rating, it does not offer a high quality setup 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.
More info and screens
46.66
58.01
When analyzing the support we notice one important area.
- Support @47.13 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 57.44 to 57.44. 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 | UP | POSITIVE | The long term trend for BSY is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BSY is up. |
| ChartMill Relative Strength | 83.49 | POSITIVE | BSY has a high relative strength, it outperformed 83.49% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BSY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BSY is above the rising 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) | 84.02 | OVERBOUGHT | The high RSI value suggests BSY may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.19 | POSITIVE | The MACD value suggests BSY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 93.93 | OVERBOUGHT | The high Stochastics value suggests BSY may be overbought. |
| Average True Range in percent/ATR (20) | 1.92 | LOW VOLATILITY | The low ATR as a percentage value for BSY suggests low volalility. |
| Average Directional Index/ADX (14) | 58.4 | POSITIVE | The high ADX value value for BSY suggests a strong 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)
57.43
+0.45 (+0.79%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg0.79%
1 Week2.74%
2 Weeks6.41%
1 Month16.4%
3 Month32.97%
6 Month26.39%
12 Month18.49%
2 Year6.59%
3 Year45.03%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.09
ATR(20)%1.92%
ATR Inc-15.33%
Range Today0.82
ADR(20)1.08
ADR(20)%1.88%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.49
Mansfield1.22
10 Day High57.53
10 Day Low52.55
20 Day High57.53
20 Day Low49.31
52 Week High57.53
52 Week Low36.51
CS1 End47.13
CR1 Start57.44
Volume & EV
DER(3)2.9%
DER(5)3.27%
Volume1.47M
Volume Incr-13.28%
Vol(5)1.66M
Vol(50)1.77M