BENTLEY SYSTEMS INC-CLASS B (BSY) Stock Technical Analysis
NASDAQ:BSY • US08265T2087
We assign a technical rating of 1 out of 10 to BSY. 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 long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- 82% 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, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month BSY has a been trading in the 30.96 - 37.09 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- BSY has an average volume of 3083040 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- BSY is part of the Software industry. There are 276 other stocks in this industry, BSY did better than 66% of them.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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
31.46
We found 1 important support area.
- Support @31.78 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 36.56 to 37.05. 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 | DOWN | NEGATIVE | The long term trend for BSY is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BSY is neutral. |
| ChartMill Relative Strength | 18.47 | NEGATIVE | BSY has a low relative strength, it was outperformed by 81.53% 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) | 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) | 56.19 | NEUTRAL | The RSI value for BSY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.49 | POSITIVE | The MACD value suggests BSY has a positive trend. |
| Stochastics (14,3) | 70.49 | NEUTRAL | The Stochastics value for BSY is a neutral value. |
| Average True Range in percent/ATR (20) | 4.32 | MEDIUM VOLATILITY | The ATR as a percentage value for BSY suggests some volalility. |
| Average Directional Index/ADX (14) | 35.11 | POSITIVE | The high ADX value value for BSY suggests a strong trend. |
36.55
-0.49 (-1.32%)
BENTLEY SYSTEMS INC-CLASS B / BSY FAQ
Can you provide the ChartMill technical rating for BENTLEY SYSTEMS INC-CLASS B?
ChartMill assigns a technical rating of 1 / 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 56.1878. 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 neutral.
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 31.78 and a resistance level at 36.56. Check the full technical report for our detailed analysis of BSY support and resistance levels.