FIRST BUSEY CORP (BUSE) Stock Technical Analysis
NASDAQ:BUSE - Nasdaq - US3193832041 - Common Stock - Currency: USD
Taking everything into account, BUSE scores 5 out of 10 in our technical rating. BUSE has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
BUSE is one of the lesser performing stocks in the Banks industry. 79% of 395 stocks in the same industry do better.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
When comparing the performance of all stocks over the past year, BUSE turns out to be only a medium performer in the overall market: it outperformed 44% of all stocks.
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.
In the last month BUSE has a been trading in the 21.41 - 23.39 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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. A pullback is taking place, which may present a nice opportunity for an entry. We notice that large players showed an interest for BUSE in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
18.79
25.62
We found 1 important support 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 22.61 to 23.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @25.37 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 | NEUTRAL | NEUTRAL | The long term trend for BUSE is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BUSE is up. |
| ChartMill Relative Strength | 44.77 | 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 | 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) | 51.78 | NEUTRAL | The RSI value for BUSE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests BUSE has a negative trend. |
| Stochastics (14,3) | 49.01 | NEUTRAL | The Stochastics value for BUSE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.27 | MEDIUM VOLATILITY | The ATR as a percentage value for BUSE suggests some volalility. |
| Average Directional Index/ADX (14) | 20.98 | NEUTRAL | The ADX value for BUSE suggests a possible start of a new 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)
22.37
+0.07 (+0.31%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.31%
1 Week-1.97%
2 Weeks1.82%
1 Month-0.49%
3 Month1.45%
6 Month-7.33%
12 Month-0.49%
2 Year11.29%
3 Year-2.1%
5 Year19.95%
10 Year13.5%
15 Year64.61%
Volatility
ATR(14)0.51
ATR(20)%2.27%
ATR Inc-5.38%
Range Today0.38
ADR(20)0.47
ADR(20)%2.11%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS44.77
Mansfield-1.17
10 Day High23.39
10 Day Low22.05
20 Day High23.39
20 Day Low21.41
52 Week High28.97
52 Week Low18.4
CS1 End19.21
CR1 Start22.61
Volume & EV
DER(3)3.18%
DER(5)4.63%
Volume673.50K
Volume Incr23.67%
Vol(5)623.74K
Vol(50)591.90K