We assign a technical rating of 5 out of 10 to SNPS. Recently some decent action could be observed, but in the medium term time frame this is still negative. SNPS was also a bad performer in the overall market in the last year.
SNPS has an average technical rating and the quality of the presented setup is also not ideal 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
377.09
3 important support areas can be observed.
- A support zone ranging from 451.52 to 464.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @388.13 from a horizontal line in the weekly time frame.
- Support @380.90 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 481.25 to 481.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @489.36 from a horizontal 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 | NEUTRAL | NEUTRAL | The long term trend for SNPS is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SNPS is up. |
| ChartMill Relative Strength | 34.13 | NEUTRAL | SNPS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SNPS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SNPS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of SNPS is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.02 | NEUTRAL | The RSI value for SNPS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.73 | POSITIVE | The MACD value suggests SNPS has a positive trend. |
| Stochastics (14,3) | 68.02 | NEUTRAL | The Stochastics value for SNPS is a neutral value. |
| Average True Range in percent/ATR (20) | 3.22 | MEDIUM VOLATILITY | The ATR as a percentage value for SNPS suggests some volalility. |
| Average Directional Index/ADX (14) | 31.3 | POSITIVE | The high ADX value value for SNPS suggests a strong trend. |
481.24
+17.51 (+3.78%)
SYNOPSYS INC / SNPS FAQ
What is the ChartMill technical rating of SYNOPSYS INC (SNPS) stock?
ChartMill assigns a technical rating of 5 / 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 65.0166. 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 1.72665, indicating a bullish trend.
Can you provide the short term momentum for SYNOPSYS INC?
The short term momentum for SYNOPSYS INC (SNPS) is positive.