SYNOPSYS INC (SNPS)

US8716071076 - Common Stock

605.53  -4.65 (-0.76%)

After market: 605.53 0 (0%)

Technical Rating and Analysis

10

Taking everything into account, SNPS scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SNPS is showing a nice and steady performance.

Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, SNPS did better than 89% of all other stocks. On top of that, SNPS also shows a nice and consistent pattern of rising prices.
SNPS is one of the better performing stocks in the Software industry, it outperforms 82% of 276 stocks in the same industry.
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.
In the last month SNPS has a been trading in the 545.01 - 622.99 range, which is quite wide. It is currently trading near the high of this range.
Weekly and Daily overview Charts
SNPS Weekly chart
SNPS Daily chart
Setup Rating and Analysis

7

Although SNPS has an excellent technical rating, the quality of the presented setup is 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.

Support and Resistance Analysis

524.66

611.59

When analyzing the support we can see 4 important areas.

  • A support zone ranging from 583.19 to 591.22. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • A support zone ranging from 560.41 to 560.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @538.44 from a trend line in the weekly time frame.
  • Support @529.96 from a trend line in the daily time frame.

Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.31
Mansfield0.32
10 Day High622.99
10 Day Low566.24
20 Day High622.99
20 Day Low545.01
52 Week High629.38
52 Week Low416.87
Performance
1 Week3.26%
2 Weeks3.75%
1 Month6.76%
3 Month2.69%
6 Month16.34%
12 Month45.43%
2 Year100.92%
3 Year121.25%
5 Year374.15%
10 Year1471.82%
15 Year3027.52%
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)
Technical Indicators
MACD(12,26,9)3.55
RSI(14)64.25
LBB547.44
UBB621.71
Example Setup

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.

ENTRYEXITDISTANCECAPITAL
623.00583.1839.82 (6.39%)15.65%
An entry @623.00. This is a Buy Stop order right above the 10 day high.An exit @583.18. This is a Stop Loss order right below the support zone.The trade has a worst case loss of 39.82 points, which is 6.39%.For a 1.00% total portfolio risk, you can invest 15.65% 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.
SNPS Daily chart

SYNOPSYS INC

NASDAQ:SNPS (6/21/2024, 3:20:02 PM)

After market: 605.53 0 (0%)

605.53

-4.65 (-0.76%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-0.76%
1 Week3.26%
2 Weeks3.75%
1 Month6.76%
3 Month2.69%
6 Month16.34%
12 Month45.43%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)15.24
ATR(20)%2.58%
ATR Inc
Range Today13.93
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High622.99
10 Day Low566.24
20 Day High622.99
20 Day Low545.01
52 Week High629.38
52 Week Low416.87
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume1.65M
Volume Incr0.98%
Vol(5)914.08K
Vol(50)888.44K