FIRST BUSEY CORP (BUSE) Stock Technical Analysis
NASDAQ:BUSE - Nasdaq - US3193832041 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to BUSE. BUSE'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.
When comparing the yearly performance of all stocks, BUSE is a bad performer in the overall market: 74% of all stocks are doing better.
BUSE is one of the lesser performing stocks in the Banks industry. 82% of 393 stocks in the same industry do better.
In the last month BUSE has a been trading in the 21.63 - 24.63 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
BUSE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BUSE is lagging the market.
BUSE has a poor technical rating and the quality of the setup is also only medium 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
18.79
24.94
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.
We can see 2 important resistance areas.
- A resistance zone ranging from 22.80 to 23.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 23.85 to 24.69. 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 | NEUTRAL | NEUTRAL | The long term trend for BUSE is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BUSE is down. |
| ChartMill Relative Strength | 26.1 | NEGATIVE | BUSE has a low relative strength, it was outperformed by 73.9% off all stocks 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) | DOWN | NEGATIVE | The current price of BUSE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 39.33 | NEUTRAL | The RSI value for BUSE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests BUSE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 19.55 | OVERSOLD | The low Stochastics value suggests BUSE may be oversold. |
| 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) | 26.98 | 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)
22.3
+0.22 (+1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1%
1 Week0.77%
2 Weeks-3.96%
1 Month-6.93%
3 Month2.25%
6 Month-9.68%
12 Month-9.31%
2 Year10.4%
3 Year-3.04%
5 Year25.18%
10 Year16.15%
15 Year74.49%
Volatility
ATR(14)0.5
ATR(20)%2.37%
ATR Inc-10.42%
Range Today0.47
ADR(20)0.52
ADR(20)%2.34%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS26.1
Mansfield-1.42
10 Day High23.26
10 Day Low21.63
20 Day High24.63
20 Day Low21.63
52 Week High28.3
52 Week Low18.4
CS1 End19.21
CR1 Start22.8
Volume & EV
DER(3)-0.12%
DER(5)1.17%
Volume450.60K
Volume Incr-19.98%
Vol(5)442.10K
Vol(50)592.41K