SYNOPSYS INC (SNPS) Technical Analysis
NASDAQ:SNPS • US8716071076
Current stock price
410.13 USD
-5.49 (-1.32%)
At close:
409.95 USD
-0.18 (-0.04%)
After Hours:
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 negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, SNPS is a bad performer in the overall market: 76% of all stocks are doing better.
- SNPS is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SNPS is lagging the market.
- In the last month SNPS has a been trading in the 404.53 - 454.16 range, which is quite wide. It is currently trading near the lows of this range.
- SNPS is one of the better performing stocks in the Software industry, it outperforms 72% of 278 stocks in the same industry.
- SNPS has an average volume of 2289260 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
SNPS Weekly and Daily overview Charts
SNPS Setup Rating and Analysis
SNPS has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 415.22, a Stop Loss order could be placed below this zone.
More info and screens
SNPS Support and Resistance Analysis
377.08
627.51
2 important support areas can be observed.
- A support zone ranging from 387.78 to 388.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @380.89 from a horizontal line in the daily time frame.
We can see 5 important resistance areas.
- A resistance zone ranging from 410.44 to 415.22. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 439.21 to 439.95. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- A resistance zone ranging from 449.18 to 451.22. 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 478.06 to 485.31. 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 | DOWN | NEGATIVE | The short term trend for SNPS is down. |
| ChartMill Relative Strength | 24.62 | NEGATIVE | SNPS has a low relative strength, it was outperformed by 75.38% 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) | 42.44 | NEUTRAL | The RSI value for SNPS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.69 | POSITIVE | The MACD value suggests SNPS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 34 | NEUTRAL | The Stochastics value for SNPS is a neutral value. |
| Average True Range in percent/ATR (20) | 3.94 | MEDIUM VOLATILITY | The ATR as a percentage value for SNPS suggests some volalility. |
| Average Directional Index/ADX (14) | 14.24 | NEGATIVE | The low ADX value for SNPS suggests a weak or negative trend. |
SNPS Chart- and CandleStick Pattern Analysis
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)
SNPS Technicals: Chart, Performance Metrics, Trend & Indicators
410.13
-5.49 (-1.32%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-1.32%
1 Week-3.18%
2 Weeks-3.94%
1 Month-5.7%
3 Month-12.89%
6 Month-14.79%
12 Month-5.1%
2 Year-27.28%
3 Year7.6%
5 Year67.74%
10 Year758.01%
15 Year1403.15%
Volatility
ATR(14)14.65
ATR(20)%3.94%
ATR Inc53.73%
Range Today22.6
ADR(20)14.68
ADR(20)%3.58%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS24.62
3 months CRS25.34
6 months CRS26.5
Mansfield-1.57
10 Day High441.76
10 Day Low409.83
20 Day High454.16
20 Day Low404.53
52 Week High651.73
52 Week Low365.74
CS1 End415.22
CR1 Start439.21
Volume & EV
DER(3)0.34%
DER(5)0.13%
Volume2.69M
Volume Incr-0.05%
Vol(5)2.31M
Vol(50)2.29M
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.
What is the RSI signal for SYNOPSYS INC (SNPS) stock?
SYNOPSYS INC (SNPS) has an RSI value of 42.4393. This indicates that the stock is currently neutral.
What is the MACD signal for SYNOPSYS INC (SNPS) stock?
The MACD indicator for SYNOPSYS INC (SNPS) has a value of 0.68827, indicating a bearish trend.
What is the buy/sell signal for SNPS stock?
The buy/sell signal for SYNOPSYS INC (SNPS) is sell as both the short term and long term trends are negative.