SYNOPSYS INC (SNPS)

US8716071076 - Common Stock

552.2  +1.71 (+0.31%)

Technical Rating and Analysis

7

Overall SNPS gets a technical rating of 7 out of 10. In the last year, SNPS was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.

Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, SNPS did better than 83% of all other stocks. We also observe that the gains produced by SNPS over the past year are nicely spread over this period.
SNPS is one of the better performing stocks in the Software industry, it outperforms 75% of 277 stocks in the same industry.
SNPS is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SNPS is lagging the market.
In the last month SNPS has a been trading in the 508.19 - 567.91 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Weekly and Daily overview Charts
SNPS Weekly chart
SNPS Daily chart
Setup Rating and Analysis

4

SNPS has an excellent technical rating, but the quality of the setup is 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.

Support and Resistance Analysis

505.59

608.04

We found 1 important support area.

  • A support zone ranging from 510.70 to 519.95. This zone is formed by a combination of multiple trend lines in multiple time frames.

We found 1 important resistance area.

  • A resistance zone ranging from 594.21 to 602.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.45
Mansfield-0.07
10 Day High556.56
10 Day Low512.12
20 Day High567.91
20 Day Low508.19
52 Week High629.38
52 Week Low365.67
Performance
1 Week5.42%
2 Weeks4.35%
1 Month-1.91%
3 Month-4.31%
6 Month6.1%
12 Month49.25%
2 Year72.46%
3 Year116.44%
5 Year372.77%
10 Year1330.22%
15 Year2725.92%
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)
Technical Indicators
MACD(12,26,9)3.49
RSI(14)53.39
LBB508.29
UBB557.2
SNPS Daily chart

SYNOPSYS INC

NASDAQ:SNPS (5/9/2024, 10:08:51 AM)

552.2

+1.71 (+0.31%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg0.31%
1 Week5.42%
2 Weeks4.35%
1 Month-1.91%
3 Month-4.31%
6 Month6.1%
12 Month49.25%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)13.63
ATR(20)%2.52%
ATR Inc
Range Today6.12
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High556.56
10 Day Low512.12
20 Day High567.91
20 Day Low508.19
52 Week High629.38
52 Week Low365.67
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume77.53K
Volume Incr-18.41%
Vol(5)782.78K
Vol(50)947.51K