When (BSY) Moves Investors should Listen
July 30, 2024, 08:34 am ET, BY Quentin W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for BSY
- Buy BSY slightly over 48.08 target 51.28 stop loss @ 47.94 Details
The technical summary data tells us to buy BSY near 48.08 with an upside target of 51.28. This data also tells us to set a stop loss @ 47.94 to protect against excessive loss in case the stock begins to move against the trade. 48.08 is the first level of support below 49.2 , and by rule, any test of support is a buy signal. In this case, support 48.08 would be being tested, so a buy signal would exist.
- Short BSY slightly under 51.28, target 48.08, stop loss @ 51.43 Details
The technical summary data is suggesting a short of BSY as it gets near 51.28 with a downside target of 48.08. We should have a stop loss in place at 51.43though. 51.28 is the first level of resistance above 49.2, and by rule, any test of resistance is a short signal. In this case, if resistance 51.28 is being tested, so a short signal would exist.
Swing Trading Plans for BSY
- Buy BSY slightly over 51.28, target 54.64, Stop Loss @ 51.13 Details
If 51.28 begins to break higher, the technical summary data tells us to buy BSY just slightly over 51.28, with an upside target of 54.64. The data also tells us to set a stop loss @ 51.13 in case the stock turns against the trade. 51.28 is the first level of resistance above 49.2, and by rule, any break above resistance is a buy signal. In this case, 51.28, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short BSY slightly near 51.28, target 49.1, Stop Loss @ 51.43. Details
The technical summary data is suggesting a short of BSY if it tests 51.28 with a downside target of 49.1. We should have a stop loss in place at 51.43 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 51.28, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for BSY
- Buy BSY slightly over 51.28, target 54.64, Stop Loss @ 51.16 Details
If 51.28 begins to break higher, the technical summary data tells us to buy BSY just slightly over 51.28, with an upside target of 54.64. The data also tells us to set a stop loss @ 51.16 in case the stock turns against the trade. 51.28 is the first level of resistance above 49.2, and by rule, any break above resistance is a buy signal. In this case, 51.28, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short BSY slightly near 51.28, target 49.1, Stop Loss @ 51.4. Details
The technical summary data is suggesting a short of BSY if it tests 51.28 with a downside target of 49.1. We should have a stop loss in place at 51.4 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 51.28, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Bentley Systems Incorporated (BSY) available here: BSY.
BSY Ratings for July 30:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Neutral |
| P1 |
0 |
0 |
48.08 |
| P2 |
48.08 |
48.12 |
51.28 |
| P3 |
48.71 |
49.1 |
54.64 |
AI Generated Signals for BSY
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Bentley Systems Incorporated (NYSE: BSY) report below is a real world example. Included are trading plans for BSY, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for BSY:
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