ANSYS INC (ANSS) Stock Technical Analysis
NASDAQ:ANSS - Nasdaq - US03662Q1058 - Common Stock - Currency: USD
Taking everything into account, ANSS scores 8 out of 10 in our technical rating. Although ANSS is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
ANSS is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so ANSS is performing more or less in line with the market.
ANSS is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
When compared to the yearly performance of all other stocks, ANSS outperforms 66% of them, which is more or less in line with the market.
ANSS is part of the Software industry. There are 283 other stocks in this industry, ANSS did better than 64% of them.
Besides having an excellent technical rating, ANSS also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 344.93. Right above this resistance zone may be a good entry point.
More info and screens
284.33
366.51
When analyzing the support we can see 2 important areas.
- A support zone ranging from 342.16 to 342.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 287.20 to 288.35. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 344.93 to 349.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 355.58 to 362.88. 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 | UP | POSITIVE | The long term trend for ANSS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ANSS is up. |
| ChartMill Relative Strength | 66.97 | NEUTRAL | ANSS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ANSS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ANSS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ANSS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.76 | NEUTRAL | The RSI value for ANSS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests ANSS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 74.71 | NEUTRAL | The Stochastics value for ANSS is a neutral value. |
| Average True Range in percent/ATR (20) | 1.92 | LOW VOLATILITY | The low ATR as a percentage value for ANSS suggests low volalility. |
| Average Directional Index/ADX (14) | 21.64 | NEUTRAL | The ADX value for ANSS suggests a possible start of a new 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 349.25 | 342.15 | 7.10 (2.03%) | 25.00% |
| An entry @349.25. This is a Buy Stop order right above the resistance zone. | An exit @342.15. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 7.10 points, which is 2.03%. | For a 0.51% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of ANSS. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
342.17
-1.48 (-0.43%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-0.43%
1 Week-1.29%
2 Weeks2.53%
1 Month6.7%
3 Month2.38%
6 Month-2.24%
12 Month3.34%
2 Year5.74%
3 Year31.42%
5 Year20.91%
10 Year284.46%
15 Year682.46%
Volatility
ATR(14)5.96
ATR(20)%1.92%
ATR Inc-32%
Range Today4.11
ADR(20)5.8
ADR(20)%1.69%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS66.97
Mansfield0.27
10 Day High350.7
10 Day Low339.41
20 Day High350.7
20 Day Low307.72
52 Week High363.03
52 Week Low275.06
CS1 End342.16
CR1 Start344.93
Volume & EV
DER(3)-1.95%
DER(5)-0.46%
Volume429.40K
Volume Incr-0.98%
Vol(5)565.38K
Vol(50)610.72K