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.
The long and short term trends are both positive. This is looking good!
ANSS is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month ANSS has a been trading in the 330.11 - 380.07 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that ANSS is one of the better performing stocks in the market, outperforming 77% of all stocks. However, this relatively good performance is mostly due to a recent big move.
ANSS is an average performer in the Software industry, it outperforms 63% of 282 stocks in the same industry.
Although ANSS has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
284.33
378.27
When analyzing the support we can see 3 important areas.
- A support zone ranging from 342.41 to 350.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 328.73 to 330.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 287.20 to 289.86. This zone is formed by a combination of multiple trend lines in the weekly time frame.
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 | 77.7 | POSITIVE | ANSS has a high relative strength, it outperformed 77.7% off all stocks 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) | 76.96 | OVERBOUGHT | The high RSI value suggests ANSS may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.72 | POSITIVE | The MACD value suggests ANSS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 94.08 | OVERBOUGHT | The high Stochastics value suggests ANSS may be overbought. |
| Average True Range in percent/ATR (20) | 1.68 | LOW VOLATILITY | The low ATR as a percentage value for ANSS suggests low volalility. |
| Average Directional Index/ADX (14) | 26.48 | POSITIVE | The high ADX value value for ANSS suggests a strong 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)
374.52
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg0%
1 Week1.92%
2 Weeks9.06%
1 Month8.08%
3 Month26.39%
6 Month10.87%
12 Month13.71%
2 Year9.48%
3 Year34.24%
5 Year20.58%
10 Year297.79%
15 Year733.19%
Volatility
ATR(14)6.98
ATR(20)%1.68%
ATR Inc47.33%
Range Today8.57
ADR(20)5.59
ADR(20)%1.49%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.7
Mansfield0.49
10 Day High380.07
10 Day Low343.67
20 Day High380.07
20 Day Low330.11
52 Week High380.07
52 Week Low275.06
CS1 End350.25
CR1 StartN/A
Volume & EV
DER(3)-0.72%
DER(5)-0.28%
Volume1.09M
Volume Incr27.01%
Vol(5)770.26K
Vol(50)729.39K