BSY has the following 5 year compounded growth rates.

Revenue - 12%
Net Income - 9%
Equity - 20%
Free Cash Flow - 20%

The stock has been in a tight channel for over a year and has solid fundamental numbers. There were also two volume spike between now and last March, however, there was no major price move.

Due to the fact that this company is showing solid growth (see above).
It is trading at the same price as 2021, but has more revenue, income, equity, etc.
Due to the volume spikes in May and September, yet the price action hasnt moved.
Due to the lessening on interest rates and going to risk on assets.
Due to the fact that the company is 15B Market Cap.

It is setting up for major rippage and price discovery has it traverses this channel. You can either trade the channel or wait for it to break support and retest to enter.

Bear Case - Based on the DCF models, this company should be worth 12 bucks. This company is also very nich and is contingent on heavy development.
Trend Analysis

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