SYNOPSYS INC (SNPS) Stock Technical Analysis
USA - NASDAQ:SNPS - US8716071076 - Common Stock
389.83 USD
-4.1 (-1.04%)
390.9 USD
+1.07 (+0.27%)
Overall SNPS gets a technical rating of 0 out of 10. SNPS's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
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: 91% of all stocks are doing better.
SNPS is one of the lesser performing stocks in the Software industry. 75% of 281 stocks in the same industry do better.
SNPS is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month SNPS has a been trading in the 386.22 - 475.42 range, which is quite wide. It is currently trading near the lows of this range.
SNPS has an average volume of 3393300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
SNPS has a poor technical rating and the quality of the setup is also 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.
More info and screens
377.08
627.51
We found 2 important support areas.
- Support @388.12 from a horizontal line in the weekly time frame.
- A support zone ranging from 380.89 to 380.90. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 400.78 to 403.97. 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 430.05 to 432.14. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @543.26 from a trend line in the daily time frame.
- Resistance @621.30 from a horizontal line in the weekly 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 | 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 | 9.51 | NEGATIVE | SNPS has a low relative strength, it was outperformed by 90.49% 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) | 30.81 | NEUTRAL | The RSI value for SNPS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.48 | NEGATIVE | The MACD value suggests SNPS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 8.7 | OVERSOLD | The low Stochastics value suggests SNPS may be oversold. |
| Average True Range in percent/ATR (20) | 3.86 | MEDIUM VOLATILITY | The ATR as a percentage value for SNPS suggests some volalility. |
| Average Directional Index/ADX (14) | 34.45 | 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)
389.83
-4.1 (-1.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-1.04%
1 Week-0.92%
2 Weeks-14.1%
1 Month-12.91%
3 Month-36.91%
6 Month-24.22%
12 Month-25.14%
2 Year-28.24%
3 Year14.81%
5 Year71.35%
10 Year678.42%
15 Year1417.44%
Volatility
ATR(14)15.26
ATR(20)%3.86%
ATR Inc-27.93%
Range Today11.63
ADR(20)14.06
ADR(20)%3.61%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.51
3 months CRS5.45
6 months CRS11.79
Mansfield-2.93
10 Day High452.51
10 Day Low386.22
20 Day High475.42
20 Day Low386.22
52 Week High651.73
52 Week Low365.74
CS1 End388.12
CR1 Start400.78
Volume & EV
DER(3)-1.6%
DER(5)-0.88%
Volume1.34M
Volume Incr-27.73%
Vol(5)1.73M
Vol(50)3.39M
SYNOPSYS INC / SNPS 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 current trend direction of SYNOPSYS INC (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 30.8102. This indicates that the stock is currently neutral.
Can you provide the MACD signal for SYNOPSYS INC?
The MACD indicator for SYNOPSYS INC (SNPS) has a value of -2.48273, indicating a bearish trend.
Can you provide the short term momentum for SYNOPSYS INC?
The short term momentum for SYNOPSYS INC (SNPS) is negative.