SYNOPSYS INC (SNPS) Stock Technical Analysis
NASDAQ:SNPS - Nasdaq - US8716071076 - Common Stock - Currency: USD
Taking everything into account, SNPS scores 9 out of 10 in our technical rating. 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.
The long and short term trends are both positive. This is looking good!
SNPS 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 SNPS has a been trading in the 500.01 - 618.49 range, which is quite wide. It is currently trading near the high of this range.
SNPS has an average volume of 1788540 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that SNPS is one of the better performing stocks in the market, outperforming 80% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
SNPS is an average performer in the Software industry, it outperforms 68% of 282 stocks in the same industry.
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.
More info and screens
490.44
607.57
We found 3 important support areas.
- Support @549.52 from a horizontal line in the daily time frame.
- A support zone ranging from 512.71 to 523.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @495.39 from a trend line in the daily 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 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. |
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)
601.55
-8.13 (-1.33%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-1.33%
1 Week2.87%
2 Weeks7.56%
1 Month21.35%
3 Month34.69%
6 Month10.14%
12 Month10.1%
2 Year33.15%
3 Year63.69%
5 Year201.95%
10 Year1083.22%
15 Year2654.35%
Volatility
ATR(14)19.98
ATR(20)%3.29%
ATR Inc-55.4%
Range Today10.79
ADR(20)18.54
ADR(20)%3.08%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.56
Mansfield0.95
10 Day High618.49
10 Day Low542.49
20 Day High618.49
20 Day Low500.01
52 Week High618.49
52 Week Low365.74
CS1 End549.52
CR1 StartN/A
Volume & EV
DER(3)2.64%
DER(5)0.91%
Volume1.82M
Volume Incr-2.45%
Vol(5)2.11M
Vol(50)1.79M