NASDAQ:SNPS - Nasdaq - US8716071076 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to SNPS. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SNPS is showing a nice and steady performance.
Although SNPS has an excellent technical rating, the quality of the presented setup is not ideal 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.
490.44
We found 3 important support areas.
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 SNPS is up. |
ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SNPS is up. |
ChartMill Relative Strength | 80.56 | POSITIVE | SNPS has a high relative strength, it outperformed 80.56% off all stocks on the market. |
Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SNPS is above the rising SMA(20). |
Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SNPS is above the rising SMA(50). |
Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SNPS is above the rising SMA(200). |
Relative Strength Index/RSI (14) | 69.87 | NEUTRAL | The RSI value for SNPS is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | 3.23 | POSITIVE | The MACD value suggests SNPS has a positive trend, although the MACD value is declining. |
Stochastics (14,3) | 87.8 | OVERBOUGHT | The high Stochastics value suggests SNPS may be overbought. |
Average True Range in percent/ATR (20) | 3.29 | MEDIUM VOLATILITY | The ATR as a percentage value for SNPS suggests some volalility. |
Average Directional Index/ADX (14) | 41.89 | POSITIVE | The high ADX value value for SNPS suggests a strong trend. |
601.55
-8.13 (-1.33%)