BENTLEY SYSTEMS INC-CLASS B (BSY) Stock Technical Analysis
USA - NASDAQ:BSY - US08265T2087 - Common Stock
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.
The technical rating of BSY is bad and it also does not present a quality setup 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.
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46.24
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 51.50 to 52.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @55.65 from a horizontal 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 | NEUTRAL | NEUTRAL | The long term trend for BSY is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BSY is down. |
| ChartMill Relative Strength | 24.07 | NEGATIVE | BSY has a low relative strength, it was outperformed by 75.93% 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) | UP | MIXED | The current price of BSY is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 31.25 | NEUTRAL | The RSI value for BSY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.44 | NEGATIVE | The MACD value suggests BSY has a negative trend. |
| Stochastics (14,3) | 16.17 | OVERSOLD | The low Stochastics value suggests BSY may be oversold. |
| Average True Range in percent/ATR (20) | 2.91 | MEDIUM VOLATILITY | The ATR as a percentage value for BSY suggests some volalility. |
| Average Directional Index/ADX (14) | 20.48 | NEUTRAL | The ADX value for BSY suggests a possible start of a new trend. |
46.71
+0.28 (+0.6%)
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.
What is the current trend direction of BENTLEY SYSTEMS INC-CLASS B (BSY) stock?
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 31.2502. This indicates that the stock is currently neutral.
Can you provide the MACD signal for BENTLEY SYSTEMS INC-CLASS B?
The MACD indicator for BENTLEY SYSTEMS INC-CLASS B (BSY) has a value of -0.443529, indicating a bearish trend.