FIRST BUSEY CORP (BUSE) Stock Technical Analysis
NASDAQ:BUSE • US3193832041
Taking everything into account, BUSE scores 8 out of 10 in our technical rating. Although BUSE is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- BUSE is part of the Banks industry. There are 381 other stocks in this industry, of which 60% are performing better than BUSE.
- The long and short term trends are both positive. This is looking good!
- BUSE is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so BUSE is lagging the market slightly.
- 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.
- When compared to the yearly performance of all other stocks, BUSE outperforms 64% of them, which is more or less in line with the market.
BUSE has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 25.11, a Stop Loss order could be placed below this zone.
More info and screens
21.39
We found 3 important support areas.
- A support zone ranging from 23.66 to 25.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 22.13 to 22.24. 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 one important 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.
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 | UP | POSITIVE | The short term trend for BUSE is up. |
| ChartMill Relative Strength | 64.57 | 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) | UP | POSITIVE | The current price of BUSE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.31 | 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. |
| Stochastics (14,3) | 58.85 | NEUTRAL | The Stochastics value for BUSE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.84 | MEDIUM VOLATILITY | The ATR as a percentage value for BUSE suggests some volalility. |
| Average Directional Index/ADX (14) | 21.69 | NEUTRAL | The ADX value for BUSE suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 27.42 | 25.89 | 1.53 (5.58%) | 17.92% |
| An entry @27.42. This is a Buy Stop order right above the resistance zone. | An exit @25.89. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.53 points, which is 5.58%. | For a 1.00% total portfolio risk, you can invest 17.92% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
26.43
+0.22 (+0.84%)
FIRST BUSEY CORP / BUSE FAQ
What is the ChartMill technical rating of FIRST BUSEY CORP (BUSE) stock?
ChartMill assigns a technical rating of 8 / 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 58.3102. 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 -0.0478069, 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 positive.