FIRST BUSEY CORP (BUSE) Stock Technical Analysis
NASDAQ:BUSE - Nasdaq - US3193832041 - Common Stock - Currency: USD
Taking everything into account, BUSE scores 2 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. BUSE was also a bad performer in the overall market in the last year.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
67% of all other stocks performed better in the past year than BUSE.
BUSE is part of the Banks industry. There are 396 other stocks in this industry, of which 91% are performing better than BUSE.
BUSE 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.
BUSE is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so BUSE is lagging the market slightly.
Although the technical rating is bad, BUSE does present a nice setup opportunity. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
18.79
25.89
When analyzing the support we notice one important area.
- A support zone ranging from 18.98 to 19.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 22.29 to 22.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @25.63 from a trend line in the weekly time frame.
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 BUSE is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BUSE is neutral. |
| ChartMill Relative Strength | 33.25 | NEUTRAL | BUSE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BUSE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BUSE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BUSE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.12 | NEUTRAL | The RSI value for BUSE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests BUSE has a negative trend. |
| Stochastics (14,3) | 57.42 | NEUTRAL | The Stochastics value for BUSE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.37 | MEDIUM VOLATILITY | The ATR as a percentage value for BUSE suggests some volalility. |
| Average Directional Index/ADX (14) | 25.32 | POSITIVE | The high ADX value value for BUSE 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)
21.81
-0.05 (-0.23%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.23%
1 Week-3.37%
2 Weeks-1.36%
1 Month3.81%
3 Month-10.06%
6 Month-20.14%
12 Month-4.8%
2 Year16.63%
3 Year-6.99%
5 Year21.78%
10 Year15.76%
15 Year55.01%
Volatility
ATR(14)0.5
ATR(20)%2.37%
ATR Inc6.65%
Range Today0.35
ADR(20)0.47
ADR(20)%2.16%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS33.25
Mansfield-1.17
10 Day High22.94
10 Day Low21.61
20 Day High22.94
20 Day Low20.31
52 Week High28.97
52 Week Low18.4
CS1 End19.21
CR1 Start22.29
Volume & EV
DER(3)-4.82%
DER(5)-1.64%
Volume457.10K
Volume Incr-15.87%
Vol(5)400.84K
Vol(50)556.95K