Pre-market trend | Bentley Systems (BSY) continues to be under pressure from moving average resistance on 5/7, is the infrastructure software leader facing short-term pressure?

Yesterday's closing, Bentley Systems (BSY.US) continued its recent adjustment trend, with the stock price remaining below the moving averages. The daily MACD formed a bearish crossover signal again below the zero axis, which is a second confirmation of the weak technical pattern— the rebound strength is insufficient to reverse the trend, and the bears have begun to apply pressure after regrouping at lower levels. The trading volume was approximately $92 million, performing relatively well among mid-cap stocks in the application software sector, but the capital flow is leaning bearish. The short-term moving average system is arranged downward, with each rebound encountering selling pressure near the moving averages, indicating that the bulls are clearly struggling. On the news front, the application software sector has recently shown a clear differentiation pattern. AI-enabled SaaS companies like Datadog surged over 31% yesterday, Snowflake soared 10%, and CrowdStrike jumped 8%, with capital flooding into software targets with AI narratives. In contrast, Bentley Systems, as a company focused on infrastructure engineering software, has relatively weak expectations for AI transformation and is in a "forgotten" corner in an environment where capital chases high-elasticity AI targets. Additionally, a Goldman Sachs report pointed out that the power demand for data centers will double, indirectly benefiting software vendors related to AI infrastructure, but Bentley is more inclined towards traditional infrastructure, with limited benefits. On a macro level, high interest rates also suppress the valuation center of SaaS companies. Technically, the MACD dead cross below the zero axis combined with the bearish arrangement of moving averages indicates a clear short-term bearish signal