FIRST BUSEY CORP (BUSE) Stock Technical Analysis
USA - NASDAQ:BUSE - US3193832041 - Common Stock
Overall BUSE gets a technical rating of 2 out of 10. BUSE scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
BUSE has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 23.83. Right above this resistance zone may be a good entry point.
More info and screens
21.39
3 important support areas can be observed.
- A support zone ranging from 23.10 to 23.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 22.19 to 22.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @21.61 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 23.83 to 24.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 25.14 to 25.35. This zone is formed by a combination of multiple trend lines in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for BUSE is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BUSE is neutral. |
| ChartMill Relative Strength | 32.28 | NEUTRAL | BUSE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of BUSE is above 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) | 51.15 | NEUTRAL | The RSI value for BUSE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests BUSE has a positive trend. |
| Stochastics (14,3) | 67.35 | NEUTRAL | The Stochastics value for BUSE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.6 | MEDIUM VOLATILITY | The ATR as a percentage value for BUSE suggests some volalility. |
| Average Directional Index/ADX (14) | 13.52 | NEGATIVE | The low ADX value for BUSE suggests a weak or negative trend. |
23.48
+0.3 (+1.29%)
FIRST BUSEY CORP / BUSE FAQ
What is the ChartMill technical rating of FIRST BUSEY CORP (BUSE) stock?
ChartMill assigns a technical rating of 2 / 10 to BUSE.
What is the current trend direction of FIRST BUSEY CORP (BUSE) stock?
The current trend direction for FIRST BUSEY CORP (BUSE) is Bearish.
What is the RSI signal for BUSE stock?
FIRST BUSEY CORP (BUSE) has an RSI value of 51.1472. This indicates that the stock is currently neutral.
What is the MACD signal for FIRST BUSEY CORP (BUSE) stock?
The MACD indicator for FIRST BUSEY CORP (BUSE) has a value of 0.0689124, indicating a bearish trend.
What is the short term momentum for BUSE stock?
The short term momentum for FIRST BUSEY CORP (BUSE) is neutral.