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. Both in the recent history as in the last year, BSY has proven to be a steady performer, scoring decent points in every aspect analyzed.
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 however is also trading near new highs, which makes the performance in line with the market.
BSY is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
BSY has an average volume of 1770780 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 80% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
BSY is an average performer in the Software industry, it outperforms 69% of 282 stocks in the same industry.
Although BSY has an excellent technical rating, it does not present a decent entry opportunity 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
59.32
We found 2 important support areas.
- A support zone ranging from 57.04 to 57.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @47.13 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 57.67 to 58.73. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 80.12 | POSITIVE | BSY has a high relative strength, it outperformed 80.12% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BSY is below 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) | 56.26 | NEUTRAL | The RSI value for BSY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.41 | NEGATIVE | The MACD value suggests BSY has a negative trend. |
| Stochastics (14,3) | 28.82 | NEUTRAL | The Stochastics value for BSY is a neutral value. |
| Average True Range in percent/ATR (20) | 1.72 | LOW VOLATILITY | The low ATR as a percentage value for BSY suggests low volalility. |
| Average Directional Index/ADX (14) | 47.34 | 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)
57.05
-0.85 (-1.47%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-1.47%
1 Week-2.83%
2 Weeks-1.94%
1 Month2.06%
3 Month22.45%
6 Month24.65%
12 Month17.92%
2 Year14.31%
3 Year55.15%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.94
ATR(20)%1.72%
ATR Inc33.64%
Range Today1.48
ADR(20)0.96
ADR(20)%1.68%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.12
Mansfield1.02
10 Day High59.25
10 Day Low56.59
20 Day High59.25
20 Day Low55.19
52 Week High59.25
52 Week Low36.51
CS1 End57.04
CR1 Start57.67
Volume & EV
DER(3)-1.43%
DER(5)-1.16%
Volume2.32M
Volume Incr21.85%
Vol(5)1.79M
Vol(50)1.77M