BENTLEY SYSTEMS INC-CLASS B (BSY) Stock Technical Analysis
NASDAQ:BSY - Nasdaq - US08265T2087 - Common Stock - Currency: USD
Overall BSY gets a technical rating of 8 out of 10. Although BSY is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long and short term trends are both positive. This is looking good!
BSY is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so BSY is leading the market.
In the last month BSY has a been trading in the 47.12 - 51.22 range, which is quite wide. It is currently trading near the high of this range.
BSY has an average volume of 1631720 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that BSY is one of the better performing stocks in the market, outperforming 74% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
BSY is an average performer in the Software industry, it outperforms 63% of 284 stocks in the same industry.
Volume is considerably higher in the last couple of days.
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
45.84
51.30
We found 2 important support areas.
- A support zone ranging from 48.71 to 49.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 46.30 to 47.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- Resistance @50.79 from a horizontal 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 | 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 | 74.88 | POSITIVE | BSY has a high relative strength, it outperformed 74.88% 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) | DOWN | MIXED | The current price of BSY is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 69.73 | NEUTRAL | The RSI value for BSY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests BSY has a positive trend. |
| Stochastics (14,3) | 92.33 | OVERBOUGHT | The high Stochastics value suggests BSY may be overbought. |
| Average True Range in percent/ATR (20) | 1.76 | LOW VOLATILITY | The low ATR as a percentage value for BSY suggests low volalility. |
| Average Directional Index/ADX (14) | 34.88 | 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)
50.73
+0.01 (+0.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg0.02%
1 Week3.15%
2 Weeks3.21%
1 Month7.23%
3 Month20.96%
6 Month5.38%
12 Month-1.63%
2 Year-6.45%
3 Year52.34%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.98
ATR(20)%1.76%
ATR Inc38.37%
Range Today0.99
ADR(20)0.88
ADR(20)%1.73%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.88
Mansfield0.38
10 Day High51.22
10 Day Low47.61
20 Day High51.22
20 Day Low47.12
52 Week High52.03
52 Week Low36.51
CS1 End49.42
CR1 Start50.79
Volume & EV
DER(3)-0.3%
DER(5)-1.32%
Volume2.81M
Volume Incr26.35%
Vol(5)2.21M
Vol(50)1.63M