SYNOPSYS INC (SNPS) Technical Analysis
NASDAQ:SNPS • US8716071076
Current stock price
SNPS Technical Rating and Analysis
Overall SNPS gets a technical rating of 0 out of 10. SNPS scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- When comparing the yearly performance of all stocks, SNPS is a bad performer in the overall market: 80% of all stocks are doing 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 379.50 - 441.76 range, which is quite wide. It is currently trading near the high of this range.
- SNPS has an average volume of 2257670 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- SNPS is part of the Software industry. There are 271 other stocks in this industry, SNPS did better than 66% of them.
SNPS Weekly and Daily overview Charts
SNPS Setup Rating and Analysis
The technical rating of SNPS is bad and it also does not present a 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.
More info and screens
SNPS Support and Resistance Analysis
376.66
When analyzing the support we can see 2 important areas.
- Support @418.57 from a trend line in the daily time frame.
- A support zone ranging from 380.46 to 388.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 418.81 to 422.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @449.18 from a horizontal line in the daily time frame.
- A resistance zone ranging from 465.21 to 471.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @621.30 from a horizontal line in the weekly time frame.
SNPS 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 | DOWN | NEGATIVE | The long term trend for SNPS is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SNPS is neutral. |
| ChartMill Relative Strength | 20.08 | NEGATIVE | SNPS has a low relative strength, it was outperformed by 79.92% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of SNPS is above 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) | 52.75 | NEUTRAL | The RSI value for SNPS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 3.12 | POSITIVE | The MACD value suggests SNPS has a positive trend. |
| Stochastics (14,3) | 58.33 | NEUTRAL | The Stochastics value for SNPS is a neutral value. |
| Average True Range in percent/ATR (20) | 3.63 | MEDIUM VOLATILITY | The ATR as a percentage value for SNPS suggests some volalility. |
| Average Directional Index/ADX (14) | 18.68 | NEGATIVE | The low ADX value for SNPS suggests a weak or negative trend. |
SNPS Chart- and CandleStick Pattern Analysis
SNPS Technicals: Chart, Performance Metrics, Trend & Indicators
418.8
+1.03 (+0.25%)
SYNOPSYS INC / SNPS TA FAQ
What is the ChartMill technical rating of SYNOPSYS INC (SNPS) stock?
ChartMill assigns a technical rating of 0 / 10 to SNPS.
What is the trend direction for SNPS stock?
The current trend direction for SYNOPSYS INC (SNPS) is Bearish.
Can you provide the RSI signal for SYNOPSYS INC?
SYNOPSYS INC (SNPS) has an RSI value of 52.7461. This indicates that the stock is currently neutral.
What is the short term momentum for SNPS stock?
The short term momentum for SYNOPSYS INC (SNPS) is neutral.
What are the support and resistance levels for SYNOPSYS INC (SNPS) stock?
SYNOPSYS INC (SNPS) has a support level at 418.57 and a resistance level at 418.81. Check the full technical report for our detailed analysis of SNPS support and resistance levels.