ANSYS INC. - 1H - Technical analysis published on 12/29/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
56%
17%
28%
My opinion
Bullish above 348.98 USD
My targets
363.59 USD (+0.63%)
375.32 USD (+3.87%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ANSYS INC. as long as the price remains well above 348.98 USD. The buyers' bullish objective is set at 363.59 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 375.32 USD. If there is any crossing, the next objective would be the resistance located at 411.22 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ANSYS INC. price is 361.32 USD. On the day, this instrument lost -0.15% with the lowest point at 359.60 USD and the highest point at 364.04 USD. The deviation from the price is +0.48% for the low point and -0.75% for the high point.359.60
364.04
361.32
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Abnormal volumes on ANSYS INC. were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of this 1H chart of ANSYS INC. indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near support of channel
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 302.54 | 316.30 | 348.98 | 361.32 | 363.59 | 375.32 | 411.22 |
| Change (%) | -16.27% | -12.46% | -3.42% | - | +0.63% | +3.87% | +13.81% |
| Change | -58.78 | -45.02 | -12.34 | - | +2.27 | +14.00 | +49.90 |
| Level | Major | Minor | Major | - | Intermediate | Minor | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 352.01 | 354.49 | 358.17 | 360.65 | 364.33 | 366.81 | 370.49 |
| Camarilla | 360.17 | 360.73 | 361.30 | 361.86 | 362.43 | 362.99 | 363.55 |
| Woodie | 352.62 | 354.79 | 358.78 | 360.95 | 364.94 | 367.11 | 371.10 |
| Fibonacci | 354.49 | 356.84 | 358.29 | 360.65 | 363.00 | 364.45 | 366.81 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 244.07 | 269.21 | 313.59 | 338.73 | 383.11 | 408.25 | 452.63 |
| Camarilla | 338.86 | 345.24 | 351.61 | 357.98 | 364.35 | 370.73 | 377.10 |
| Woodie | 253.70 | 274.02 | 323.22 | 343.54 | 392.74 | 413.06 | 462.26 |
| Fibonacci | 269.21 | 295.76 | 312.17 | 338.73 | 365.28 | 381.69 | 408.25 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 220.56 | 239.29 | 266.32 | 285.05 | 312.08 | 330.81 | 357.84 |
| Camarilla | 280.78 | 284.97 | 289.17 | 293.36 | 297.56 | 301.75 | 305.94 |
| Woodie | 224.72 | 241.37 | 270.48 | 287.13 | 316.24 | 332.89 | 362.00 |
| Fibonacci | 239.29 | 256.77 | 267.57 | 285.05 | 302.53 | 313.33 | 330.81 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 73.05 | |
| MACD (12,26,9): | 6.5200 | |
| Directional Movement: | 22.88 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 367.69 | |
| Parabolic SAR (0,02-0,02-0,2): | 359.04 | |
| Elder Ray (13): | 0.88 | |
| Super Trend (3,10): | 354.17 | |
| Zig ZAG (10): | 361.63 | |
| VORTEX (21): | 1.1100 | |
| Stochastique (14,3,5): | 67.29 | |
| TEMA (21): | 364.30 | |
| Williams %R (14): | -36.58 | |
| Chande Momentum Oscillator (20): | 1.23 | |
| Repulse (5,40,3): | 0.3300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.3600 | |
| Courbe Coppock: | 0.97 |
| MA7: | 342.95 | |
| MA20: | 309.43 | |
| MA50: | 296.14 | |
| MA100: | 299.69 | |
| MAexp7: | 361.51 | |
| MAexp20: | 357.61 | |
| MAexp50: | 341.06 | |
| MAexp100: | 324.24 | |
| Price / MA7: | +5.36% | |
| Price / MA20: | +16.77% | |
| Price / MA50: | +22.01% | |
| Price / MA100: | +20.56% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | +1.04% | |
| Price / MAexp50: | +5.94% | |
| Price / MAexp100: | +11.44% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
Don't forget to follow the news on ANSYS INC.. At the time of publication of this analysis, the latest news was as follows:
- Thinking about trading options or stock in Karuna Therapeutics, PayPal, Coinbase, Coca-Cola, or ANSYS?
- Ansys Launches AVxcelerate Autonomy, Streamlining Development and Validation of ADAS/AV Systems for L2+, L3, and Beyond
- Wall Street Journal Names Ansys to List of 250 Best-Managed Companies of 2023
- Newsweek Names Ansys to America's Most Responsible Companies 2024 List
- Ansys RaptorX™ Certified by Samsung Foundry for High-Speed Design
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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