Question 1

What does the Stochastic Oscillator suggest about BSY's trend?

Accepted Answer

The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.

Question 2

How did BSY's Momentum indicator behave recently?

Accepted Answer

The Momentum Indicator moved above the 0 level on September 17, 2024. You may want to consider a long position or call options on BSY as a result. In 54 of 76 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 71%.

Question 3

What does MACD indicator imply for BSY?

Accepted Answer

The Moving Average Convergence Divergence (MACD) for BSY just turned positive on September 17, 2024. Looking at past instances where BSY's MACD turned positive, the stock continued to rise in 29 of 40 cases over the following month. The odds of a continued upward trend are 73%.

Question 4

What is the significance of the 50-day moving average indicator for BSY?

Accepted Answer

BSY moved above its 50-day moving average on September 13, 2024 date and that indicates a change from a downward trend to an upward trend.

Question 5

What is the significance of the 10-day moving average indicator for BSY?

Accepted Answer

The 10-day moving average for BSY crossed bearishly below the 50-day moving average on September 12, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In 7 of 14 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 50%.

Question 6

What does a 3-day price advance indicate for BSY?

Accepted Answer

Following a +5.55% 3-day Advance, the price is estimated to grow further. Considering data from situations where BSY advanced for three days, in 186 of 261 cases, the price rose further within the following month. The odds of a continued upward trend are 71%.

Question 7

What does a 3-day decline signify for BSY's future price movement?

Accepted Answer

Following a 3-day decline, the stock is projected to fall further. Considering past instances where BSY declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 72%.

Question 8

What does BSY breaking above its upper Bollinger Band indicate?

Accepted Answer

BSY may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In 22 of 24 cases where BSY's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are 90%.

Question 9

How does the Aroon Indicator reflect on BSY's trend?

Accepted Answer

The Aroon Indicator entered an Uptrend today. In 130 of 196 cases where BSY Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 66%.

BSY Stock Bentley Systems (BSY, $49.57) price moved above its 50-day Moving Average on September 13, 2024

BSY in upward trend: price may jump up because it broke its lower Bollinger Band on September 09, 2024

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