FIRST BUSEY CORP (BUSE) Technical Analysis
NASDAQ:BUSE • US3193832041
Current stock price
BUSE Technical Rating and Analysis
Taking everything into account, BUSE scores 5 out of 10 in our technical rating. BUSE has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- BUSE is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so BUSE is performing more or less in line with the market.
- When compared to the yearly performance of all other stocks, BUSE outperforms 69% of them, which is more or less in line with the market.
- BUSE is an average performer in the Banks industry, it outperforms 60% of 380 stocks in the same industry.
- In the last month BUSE has a been trading in the 23.82 - 26.40 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
BUSE Weekly and Daily overview Charts
BUSE Setup Rating and Analysis
Although the technical rating is only medium, BUSE does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 25.00, a Stop Loss order could be placed below this zone.
More info and screens
BUSE Support and Resistance Analysis
21.91
When analyzing the support we can see 3 important areas.
- A support zone ranging from 24.24 to 25.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 23.66 to 23.79. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 22.13 to 22.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 27.27 to 27.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
BUSE 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 | UP | POSITIVE | The long term trend for BUSE is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BUSE is neutral. |
| ChartMill Relative Strength | 69.73 | NEUTRAL | BUSE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BUSE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of BUSE is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BUSE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.72 | NEUTRAL | The RSI value for BUSE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests BUSE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 39.93 | NEUTRAL | The Stochastics value for BUSE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.97 | MEDIUM VOLATILITY | The ATR as a percentage value for BUSE suggests some volalility. |
| Average Directional Index/ADX (14) | 17.17 | NEGATIVE | The low ADX value for BUSE suggests a weak or negative trend. |
BUSE Chart- and CandleStick Pattern Analysis
BUSE Technicals: Chart, Performance Metrics, Trend & Indicators
25.06
+0.56 (+2.29%)
FIRST BUSEY CORP / BUSE TA FAQ
What is the ChartMill technical rating of FIRST BUSEY CORP (BUSE) stock?
ChartMill assigns a technical rating of 5 / 10 to BUSE.
Can you provide the trend direction for FIRST BUSEY CORP?
The current trend direction for FIRST BUSEY CORP (BUSE) is Bullish.
What is the RSI signal for BUSE stock?
FIRST BUSEY CORP (BUSE) has an RSI value of 48.7233. This indicates that the stock is currently neutral.
What is the MACD signal for BUSE stock?
The MACD indicator for FIRST BUSEY CORP (BUSE) has a value of -0.053179, indicating a bearish trend.
What is the short term momentum for FIRST BUSEY CORP (BUSE) stock?
The short term momentum for FIRST BUSEY CORP (BUSE) is neutral.