ANSS Technical Analysis - ANSYS INC

Technical Rating and Analysis

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 trading near its 52 week high, which is a good sign. 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 - 395.49 range, which is quite wide. It is currently trading near the high of this range.

ANSS has an average volume of 1215960 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Looking at the yearly performance, ANSS did better than 79% of all other stocks. However, this relatively good performance is mostly due to a recent big move.

ANSS is part of the Software industry. There are 279 other stocks in this industry, ANSS did better than 66% of them.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although ANSS has an excellent technical rating, it does not offer a high quality setup 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

284.33

378.04

When analyzing the support we can see 3 important areas.

A support zone ranging from 346.06 to 356.87. 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 290.07. This zone is formed by a combination of multiple trend lines in the weekly time frame.

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Technical Indicator Signal Analysis

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	79.7	POSITIVE	ANSS has a high relative strength, it outperformed 79.7% 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)	62.41	NEUTRAL	The RSI value for ANSS is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	2.63	POSITIVE	The MACD value suggests ANSS has a positive trend, although the MACD value is declining.
Stochastics (14,3)	80.83	OVERBOUGHT	The high Stochastics value suggests ANSS may be overbought.
Average True Range in percent/ATR (20)	2.15	MEDIUM VOLATILITY	The ATR as a percentage value for ANSS suggests some volalility.
Average Directional Index/ADX (14)	32.73	POSITIVE	The high ADX value value for ANSS suggests a strong trend.