BENTLEY SYSTEMS INC-CLASS B (BSY) Technical Analysis
NASDAQ:BSY • US08265T2087
Current stock price
BSY Technical Rating and Analysis
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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 76% of all other stocks performed better in the past year than BSY.
- BSY is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so BSY is lagging the market.
- In the last month BSY has a been trading in the 34.43 - 40.36 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- BSY is part of the Software industry. There are 279 other stocks in this industry. BSY outperforms 74% of them.
- BSY has an average volume of 3389650 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
BSY Weekly and Daily overview Charts
BSY Setup Rating and Analysis
The technical rating of BSY is bad and it also does not present a 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
BSY Support and Resistance Analysis
31.46
We found 1 important support area.
- A support zone ranging from 31.78 to 31.79. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 37.74 to 38.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 39.55 to 40.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 24 | NEGATIVE | BSY has a low relative strength, it was outperformed by 76% 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) | 39.39 | NEUTRAL | The RSI value for BSY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.43 | NEGATIVE | The MACD value suggests BSY has a negative trend. |
| Stochastics (14,3) | 12.76 | OVERSOLD | The low Stochastics value suggests BSY may be oversold. |
| Average True Range in percent/ATR (20) | 3.94 | MEDIUM VOLATILITY | The ATR as a percentage value for BSY suggests some volalility. |
| Average Directional Index/ADX (14) | 22.16 | NEUTRAL | The ADX value for BSY suggests a possible start of a new trend. |
BSY Chart- and CandleStick Pattern Analysis
BSY Technicals: Chart, Performance Metrics, Trend & Indicators
34.76
-1.44 (-3.98%)
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.
Can you provide the RSI signal for BENTLEY SYSTEMS INC-CLASS B?
BENTLEY SYSTEMS INC-CLASS B (BSY) has an RSI value of 39.3902. This indicates that the stock is currently neutral.
What is the short term momentum for BENTLEY SYSTEMS INC-CLASS B (BSY) stock?
The short term momentum for BENTLEY SYSTEMS INC-CLASS B (BSY) is negative.
What are the support and resistance levels for BENTLEY SYSTEMS INC-CLASS B (BSY) stock?
BENTLEY SYSTEMS INC-CLASS B (BSY) has a support level at 31.79 and a resistance level at 37.74. Check the full technical report for our detailed analysis of BSY support and resistance levels.