BENTLEY SYSTEMS INC-CLASS B (BSY) Technical Analysis
NASDAQ:BSY • US08265T2087
Current stock price
BSY Technical Rating and Analysis
Overall BSY gets a technical rating of 0 out of 10. BSY's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, BSY is a bad performer in the overall market: 84% of all stocks are doing better.
- BSY is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month BSY has a been trading in the 30.83 - 36.13 range, which is quite wide. It is currently trading near the lows of this range.
- BSY has an average volume of 2967270 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- BSY is an average performer in the Software industry, it outperforms 54% of 272 stocks in the same industry.
- Considerably lower volume is observed in the last couple of days.
BSY Weekly and Daily overview Charts
BSY Setup Rating and Analysis
Although the technical rating is bad, BSY does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 31.79, a Stop Loss order could be placed below this zone.
More info and screens
BSY Support and Resistance Analysis
30.98
We found 1 important support area.
- A support zone ranging from 31.29 to 31.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 34.54 to 35.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @40.14 from a horizontal line in the daily time frame.
BSY Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The short term trend for BSY is down. |
| ChartMill Relative Strength | 16.97 | NEGATIVE | BSY has a low relative strength, it was outperformed by 83.03% 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) | DOWN | NEGATIVE | The current price of BSY is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.31 | NEUTRAL | The RSI value for BSY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests BSY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 34.62 | NEUTRAL | The Stochastics value for BSY is a neutral value. |
| Average True Range in percent/ATR (20) | 4.09 | MEDIUM VOLATILITY | The ATR as a percentage value for BSY suggests some volalility. |
| Average Directional Index/ADX (14) | 26.25 | POSITIVE | The high ADX value value for BSY suggests a strong trend. |
BSY Chart- and CandleStick Pattern Analysis
BSY Technicals: Chart, Performance Metrics, Trend & Indicators
32.84
+0.52 (+1.61%)
BENTLEY SYSTEMS INC-CLASS B / BSY TA 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.
What is the RSI signal for BSY stock?
BENTLEY SYSTEMS INC-CLASS B (BSY) has an RSI value of 42.3112. This indicates that the stock is currently neutral.
Can you provide the MACD signal for BENTLEY SYSTEMS INC-CLASS B?
The MACD indicator for BENTLEY SYSTEMS INC-CLASS B (BSY) has a value of -0.0810277, indicating a bearish trend.
What is the buy/sell signal for BENTLEY SYSTEMS INC-CLASS B (BSY) stock?
The buy/sell signal for BENTLEY SYSTEMS INC-CLASS B (BSY) is sell as both the short term and long term trends are negative.