SYNOPSYS INC (SNPS) Stock Technical Analysis
USA - NASDAQ:SNPS - US8716071076 - Common Stock
447.64 USD
+7.44 (+1.69%)
447.67 USD
+0.03 (+0.01%)
Overall SNPS gets a technical rating of 0 out of 10. SNPS's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
86% of all other stocks performed better in the past year than SNPS.
SNPS is one of the lesser performing stocks in the Software industry. 65% of 282 stocks in the same industry do better.
SNPS is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month SNPS has a been trading in the 432.00 - 515.64 range, which is quite wide. It is currently trading near the lows of this range.
SNPS has an average volume of 2932380 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
SNPS has a poor technical rating and the quality of the setup is also only medium 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
377.08
627.51
2 important support areas can be observed.
- Support @433.56 from a trend line in the weekly time frame.
- A support zone ranging from 380.89 to 380.90. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 447.65 to 458.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 471.82 to 474.53. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 489.37 to 493.39. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @621.30 from a horizontal line 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 | DOWN | NEGATIVE | The long term trend for SNPS is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SNPS is down. |
| ChartMill Relative Strength | 14.37 | NEGATIVE | SNPS has a low relative strength, it was outperformed by 85.63% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SNPS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SNPS is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SNPS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 40.77 | NEUTRAL | The RSI value for SNPS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests SNPS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 14.51 | OVERSOLD | The low Stochastics value suggests SNPS may be oversold. |
| Average True Range in percent/ATR (20) | 4.26 | MEDIUM VOLATILITY | The ATR as a percentage value for SNPS suggests some volalility. |
| Average Directional Index/ADX (14) | 26.7 | POSITIVE | The high ADX value value for SNPS 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)
447.64
+7.44 (+1.69%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg1.69%
1 Week1.99%
2 Weeks-4.59%
1 Month-9.66%
3 Month-23.45%
6 Month8.3%
12 Month-11.71%
2 Year-4.64%
3 Year53.01%
5 Year109.32%
10 Year795.64%
15 Year1649.96%
Volatility
ATR(14)17.07
ATR(20)%4.26%
ATR Inc-6.81%
Range Today21.58
ADR(20)18.85
ADR(20)%4.21%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.37
Mansfield-1.99
10 Day High492.36
10 Day Low432
20 Day High515.64
20 Day Low432
52 Week High651.73
52 Week Low365.74
CS1 End433.56
CR1 Start447.65
Volume & EV
DER(3)1.88%
DER(5)2.12%
Volume2.51M
Volume Incr-22.65%
Vol(5)2.55M
Vol(50)2.93M