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SYNOPSYS INC.
SYNOPSYS INC.
- USD (-)
- 15 min delayed data - NASDAQ Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: SNPS
ISIN:

SYNOPSYS INC. - 1H - Technical analysis published on 09/13/2023 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 456.90 USD
My targets
471.15 USD (+1.14%)
My analysis
The bullish trend is currently very strong on SYNOPSYS INC.. As long as the price remains above the support at 456.90 USD, you could try to benefit from the boom. The first bullish objective is located at 471.15 USD. The bullish momentum would be boosted by a break in this resistance. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.9

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

Londinia
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

SYNOPSYS INC. rating 465.83 USD. On the day, this instrument gained +2.52% and was between 453.34 USD and 466.53 USD. This implies that the price is at +2.76% from its lowest and at -0.15% from its highest.

453.34
466.53
465.83

A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.

Central Gaps

Opening Gap DOWN

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by SYNOPSYS INC.:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of SYNOPSYS INC. indicates that the overall trend is strongly bullish. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Central Indicators

Moving Average bullish crossovers : AMA20 & AMA50

Type : Bullish

Timeframe : 1 hour



An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour


Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour


Aroon indicator bullish trend

Type : Bullish

Timeframe : 1 hour


SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : 1 hour


MACD indicator is back over 0

Type : Bullish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
Price


S3S2S1PriceR1
ProTrendLines 448.99 456.90 463.56 465.83 471.15
Change (%) -3.62% -1.92% -0.49% - +1.14%
Change -16.84 -8.93 -2.27 - +5.32
Level Minor Intermediate Major - Minor



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard445.69449.85452.11456.27458.53462.69464.95
Camarilla452.60453.18453.77454.36454.95455.54456.13
Woodie444.73449.38451.15455.80457.57462.22463.99
Fibonacci449.85452.31453.82456.27458.73460.24462.69


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard429.69440.39449.76460.46469.83480.53489.90
Camarilla453.62455.46457.30459.14460.98462.82464.66
Woodie429.04440.06449.11460.13469.18480.20489.25
Fibonacci440.39448.05452.79460.46468.12472.86480.53


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard384.82401.66430.28447.12475.74492.58521.20
Camarilla446.39450.56454.72458.89463.06467.22471.39
Woodie390.70404.61436.16450.07481.62495.53527.08
Fibonacci401.66419.03429.76447.12464.49475.22492.58

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 64.05
MACD (12,26,9): 0.4100
Directional Movement: 12.64
AROON (14): 14.29
DEMA (21): 459.49
Parabolic SAR (0,02-0,02-0,2): 453.34
Elder Ray (13): 4.94
Super Trend (3,10): 453.46
Zig ZAG (10): 465.79
VORTEX (21): 1.1200
Stochastique (14,3,5): 78.71
TEMA (21): 459.81
Williams %R (14): -10.46
Chande Momentum Oscillator (20): 3.13
Repulse (5,40,3): 1.9400
ROCnROLL: 1
TRIX (15,9): -0.0200
Courbe Coppock: 0.67
MA7: 461.68
MA20: 449.09
MA50: 446.35
MA100: 427.80
MAexp7: 460.47
MAexp20: 459.34
MAexp50: 458.48
MAexp100: 454.86
Price / MA7: +0.90%
Price / MA20: +3.73%
Price / MA50: +4.36%
Price / MA100: +8.89%
Price / MAexp7: +1.16%
Price / MAexp20: +1.41%
Price / MAexp50: +1.60%
Price / MAexp100: +2.41%

Quotes : - 15 min delayed data - NASDAQ Stocks

News


Don't forget to follow the news on SYNOPSYS INC.. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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