BENTLEY SYSTEMS INC-CLASS B (BSY) Stock Technical Analysis
USA - NASDAQ:BSY - US08265T2087 - Common Stock
51.73 USD
+0.42 (+0.82%)
51.73 USD
0 (0%)
Taking everything into account, BSY scores 2 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.
When comparing the yearly performance of all stocks, BSY is a bad performer in the overall market: 73% of all stocks are doing better.
BSY has an average volume of 2086460 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
BSY is an average performer in the Software industry, it outperforms 49% of 285 stocks in the same industry.
BSY is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BSY is lagging the market.
In the last month BSY has a been trading in the 49.16 - 57.25 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed 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.
More info and screens
46.77
59.32
3 important support areas can be observed.
- Support @50.19 from a trend line in the daily time frame.
- A support zone ranging from 49.34 to 49.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @47.24 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 51.97 to 52.85. 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.
- A resistance zone ranging from 58.60 to 58.73. 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 BSY is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BSY is neutral. |
| ChartMill Relative Strength | 27.07 | NEGATIVE | BSY has a low relative strength, it was outperformed by 72.93% 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) | UP | MIXED | The current price of BSY is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BSY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.37 | NEUTRAL | The RSI value for BSY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests BSY has a positive trend. |
| Stochastics (14,3) | 31.15 | NEUTRAL | The Stochastics value for BSY is a neutral value. |
| Average True Range in percent/ATR (20) | 3.42 | MEDIUM VOLATILITY | The ATR as a percentage value for BSY suggests some volalility. |
| Average Directional Index/ADX (14) | 11.99 | NEGATIVE | The low ADX value for BSY suggests a weak or negative 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)
51.73
+0.42 (+0.82%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg0.82%
1 Week0.84%
2 Weeks4.82%
1 Month-1.18%
3 Month-11.71%
6 Month19.08%
12 Month5.25%
2 Year6.35%
3 Year46.63%
5 Year47.55%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.75
ATR(20)%3.42%
ATR Inc-47.42%
Range Today0.94
ADR(20)1.66
ADR(20)%3.21%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS27.07
3 months CRS15.01
6 months CRS64.79
Mansfield-0.54
10 Day High52.85
10 Day Low49.19
20 Day High57.25
20 Day Low49.17
52 Week High59.25
52 Week Low36.51
CS1 End50.19
CR1 Start51.97
Volume & EV
DER(3)-3.83%
DER(5)-2.15%
Volume906.30K
Volume Incr-67.22%
Vol(5)1.02M
Vol(50)2.09M
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 2 / 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 48.3743. 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 0.100116, indicating a bearish trend.