Taking everything into account, BSY scores 0 out of 10 in our technical rating. BSY'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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 86% of all other stocks performed better in the past year than BSY.
- BSY is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month BSY has a been trading in the 37.70 - 40.66 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- BSY has an average volume of 2156830 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- BSY is part of the Software industry. There are 277 other stocks in this industry, BSY did better than 50% of them.
Although the technical rating is bad, BSY does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 38.62, a Stop Loss order could be placed below this zone.
More info and screens
37.68
We found 1 important support area.
- A support zone ranging from 38.06 to 38.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 39.15 to 39.44. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 40.14 to 40.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @53.99 from a trend line 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 | DOWN | NEGATIVE | The long term trend for BSY is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BSY is down. |
| ChartMill Relative Strength | 14.8 | NEGATIVE | BSY has a low relative strength, it was outperformed by 85.2% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BSY is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BSY is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BSY is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 39.65 | NEUTRAL | The RSI value for BSY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.21 | POSITIVE | The MACD value suggests BSY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 50 | NEUTRAL | The Stochastics value for BSY is a neutral value. |
| Average True Range in percent/ATR (20) | 2.09 | MEDIUM VOLATILITY | The ATR as a percentage value for BSY suggests some volalility. |
| Average Directional Index/ADX (14) | 29.88 | POSITIVE | The high ADX value value for BSY suggests a strong trend. |
39.14
+0.07 (+0.18%)
BENTLEY SYSTEMS INC-CLASS B / BSY FAQ
Can you provide the ChartMill technical rating for BENTLEY SYSTEMS INC-CLASS B?
ChartMill assigns a technical rating of 0 / 10 to BSY.
Can you provide the trend direction for BENTLEY SYSTEMS INC-CLASS B?
The current trend direction for BENTLEY SYSTEMS INC-CLASS B (BSY) is Bearish.
Can you provide the RSI signal for BENTLEY SYSTEMS INC-CLASS B?
BENTLEY SYSTEMS INC-CLASS B (BSY) has an RSI value of 39.6514. This indicates that the stock is currently neutral.
What is the short term momentum for BENTLEY SYSTEMS INC-CLASS B (BSY) stock?
The short term momentum for BENTLEY SYSTEMS INC-CLASS B (BSY) is negative.
What are the support and resistance levels for BENTLEY SYSTEMS INC-CLASS B (BSY) stock?
BENTLEY SYSTEMS INC-CLASS B (BSY) has a support level at 38.62 and a resistance level at 39.15. Check the full technical report for our detailed analysis of BSY support and resistance levels.