NASDAQ:SNPS • US8716071076
We assign a technical rating of 0 out of 10 to SNPS. 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.
Although the technical rating is bad, SNPS does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period.
377.08
We found 3 important support areas.
We can see 6 important resistance areas.
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 | 26.45 | NEGATIVE | SNPS has a low relative strength, it was outperformed by 73.55% 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) | 41.28 | NEUTRAL | The RSI value for SNPS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.32 | POSITIVE | The MACD value suggests SNPS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 47.53 | NEUTRAL | The Stochastics value for SNPS is a neutral value. |
| Average True Range in percent/ATR (20) | 4.52 | MEDIUM VOLATILITY | The ATR as a percentage value for SNPS suggests some volalility. |
| Average Directional Index/ADX (14) | 15.72 | NEGATIVE | The low ADX value for SNPS suggests a weak or negative trend. |
412.63
-6.09 (-1.45%)
ChartMill assigns a technical rating of 0 / 10 to SNPS.
The current trend direction for SYNOPSYS INC (SNPS) is Bearish.
SYNOPSYS INC (SNPS) has an RSI value of 41.2819. This indicates that the stock is currently neutral.
The MACD indicator for SYNOPSYS INC (SNPS) has a value of 1.31815, indicating a bullish trend.
The buy/sell signal for SYNOPSYS INC (SNPS) is sell as both the short term and long term trends are negative.