BENTLEY SYSTEMS INC-CLASS B (BSY) Stock Technical Analysis
NASDAQ:BSY • US08265T2087
Overall BSY gets a technical rating of 0 out of 10. BSY scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 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.
- BSY has an average volume of 2454240 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- BSY is an average performer in the Software industry, it outperforms 60% of 276 stocks in the same industry.
- In the last month BSY has a been trading in the 30.96 - 39.73 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
Although the technical rating is bad, BSY does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 34.11. Right above this resistance zone may be a good entry point.
More info and screens
33.76
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 34.11 to 34.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @37.22 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 | 14.26 | NEGATIVE | BSY has a low relative strength, it was outperformed by 85.74% 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) | 38.82 | NEUTRAL | The RSI value for BSY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests BSY has a positive trend. |
| Stochastics (14,3) | 38.04 | NEUTRAL | The Stochastics value for BSY is a neutral value. |
| Average True Range in percent/ATR (20) | 3.98 | MEDIUM VOLATILITY | The ATR as a percentage value for BSY suggests some volalility. |
| Average Directional Index/ADX (14) | 39.51 | POSITIVE | The high ADX value value for BSY suggests a strong trend. |
34.1
0 (0%)
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 38.8239. 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 resistance level at 34.11. Check the full technical report for our detailed analysis of BSY support and resistance levels.