SYNOPSYS INC (SNPS) Stock Technical Analysis
NASDAQ:SNPS - US8716071076 - Common Stock
603.52 USD
-8.65 (-1.41%)
603.52 USD
0 (0%)
Overall SNPS gets a technical rating of 8 out of 10. Both in the recent history as in the last year, SNPS has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
SNPS is part of the Software industry. There are 280 other stocks in this industry. SNPS outperforms 75% of them.
SNPS is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SNPS is lagging the market slightly.
SNPS has an average volume of 1681160 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that SNPS is one of the better performing stocks in the market, outperforming 82% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
In the last month SNPS has a been trading in the 593.00 - 636.61 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, SNPS also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 603.51, a Stop Loss order could be placed below this zone.
More info and screens
551.07
627.51
We found 2 important support areas.
- A support zone ranging from 595.99 to 603.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @556.64 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 604.18 to 621.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | UP | POSITIVE | The long term trend for SNPS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SNPS is up. |
| ChartMill Relative Strength | 82.39 | POSITIVE | SNPS has a high relative strength, it outperformed 82.39% 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) | UP | POSITIVE | The current price of SNPS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SNPS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.39 | NEUTRAL | The RSI value for SNPS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -4.11 | NEGATIVE | The MACD value suggests SNPS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 37.02 | NEUTRAL | The Stochastics value for SNPS is a neutral value. |
| Average True Range in percent/ATR (20) | 2.19 | MEDIUM VOLATILITY | The ATR as a percentage value for SNPS suggests some volalility. |
| Average Directional Index/ADX (14) | 17.14 | NEGATIVE | The low ADX value for SNPS suggests a weak or negative 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 621.31 | 595.98 | 25.33 (4.08%) | 24.53% |
| An entry @621.31. This is a Buy Stop order right above the resistance zone. | An exit @595.98. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 25.33 points, which is 4.08%. | For a 1.00% total portfolio risk, you can invest 24.53% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
603.52
-8.65 (-1.41%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-1.41%
1 Week-0.49%
2 Weeks-2.33%
1 Month-2.45%
3 Month30.07%
6 Month31.98%
12 Month16.16%
2 Year31.52%
3 Year74.42%
5 Year172.72%
10 Year1186%
15 Year2540.07%
Volatility
ATR(14)12.56
ATR(20)%2.19%
ATR Inc-11.13%
Range Today10.06
ADR(20)13.05
ADR(20)%2.16%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.39
Mansfield0.85
10 Day High626.24
10 Day Low593
20 Day High636.61
20 Day Low593
52 Week High651.73
52 Week Low365.74
CS1 End603.51
CR1 Start604.18
Volume & EV
DER(3)0.47%
DER(5)1.2%
Volume993.10K
Volume Incr-23.83%
Vol(5)964.00K
Vol(50)1.68M