SYNOPSYS INC. - Daily - Technical analysis published on 10/15/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 140.74 USD
My targets
145.95 USD (+3.48%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on SYNOPSYS INC. as long as the price remains well above 140.74 USD. The buyers” bullish objective is set at 145.95 USD. A bullish break in this resistance would boost the bullish momentum. 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
8.6
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SYNOPSYS INC. price is 141.04 USD. On the day, this instrument gained +1.58% with the lowest point at 139.11 USD and the highest point at 141.12 USD. The deviation from the price is +1.39% for the low point and -0.06% for the high point.139.11
141.12
141.04
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by SYNOPSYS INC.:
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 SYNOPSYS INC. in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
Resistance of triangle is broken
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
Price
S3 | S2 | S1 | Price | R1 | |
---|---|---|---|---|---|
ProTrendLines | 124.51 | 133.65 | 140.74 | 141.04 | 145.95 |
Change (%) | -11.72% | -5.24% | -0.21% | - | +3.48% |
Change | -16.53 | -7.39 | -0.30 | - | +4.91 |
Level | Intermediate | Major | Intermediate | - | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 136.33 | 137.20 | 138.03 | 138.90 | 139.72 | 140.59 | 141.42 |
Camarilla | 138.38 | 138.54 | 138.70 | 138.85 | 139.01 | 139.16 | 139.32 |
Woodie | 136.31 | 137.19 | 138.00 | 138.88 | 139.70 | 140.58 | 141.39 |
Fibonacci | 137.20 | 137.85 | 138.25 | 138.90 | 139.54 | 139.94 | 140.59 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 127.31 | 130.55 | 134.58 | 137.82 | 141.85 | 145.09 | 149.12 |
Camarilla | 136.61 | 137.28 | 137.94 | 138.61 | 139.28 | 139.94 | 140.61 |
Woodie | 127.71 | 130.75 | 134.98 | 138.02 | 142.25 | 145.29 | 149.52 |
Fibonacci | 130.55 | 133.33 | 135.04 | 137.82 | 140.60 | 142.31 | 145.09 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 116.80 | 124.66 | 130.95 | 138.81 | 145.10 | 152.96 | 159.25 |
Camarilla | 133.36 | 134.66 | 135.95 | 137.25 | 138.55 | 139.84 | 141.14 |
Woodie | 116.03 | 124.27 | 130.18 | 138.42 | 144.33 | 152.57 | 158.48 |
Fibonacci | 124.66 | 130.06 | 133.40 | 138.81 | 144.21 | 147.55 | 152.96 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
RSI (14): | 57.09 | |
MACD (12,26,9): | 0.6100 | |
Directional Movement: | 2.86 | |
AROON (14): | -35.72 | |
DEMA (21): | 138.17 | |
Parabolic SAR (0,02-0,02-0,2): | 131.95 | |
Elder Ray (13): | 2.29 | |
Super Trend (3,10): | 144.65 | |
Zig ZAG (10): | 140.84 | |
VORTEX (21): | 1.0700 | |
Stochastique (14,3,5): | 80.22 | |
TEMA (21): | 138.23 | |
Williams %R (14): | -3.34 | |
Chande Momentum Oscillator (20): | 4.91 | |
Repulse (5,40,3): | 1.5500 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0300 | |
Courbe Coppock: | 1.24 |
MA7: | 137.69 | |
MA20: | 137.22 | |
MA50: | 135.77 | |
MA100: | 132.42 | |
MAexp7: | 138.30 | |
MAexp20: | 137.43 | |
MAexp50: | 135.84 | |
MAexp100: | 131.30 | |
Price / MA7: | +2.43% | |
Price / MA20: | +2.78% | |
Price / MA50: | +3.88% | |
Price / MA100: | +6.51% | |
Price / MAexp7: | +1.98% | |
Price / MAexp20: | +2.63% | |
Price / MAexp50: | +3.83% | |
Price / MAexp100: | +7.42% |
News
The latest news and videos published on SYNOPSYS INC. at the time of the analysis were as follows:
- NXP to Adopt Synopsys' Native Automotive Design Solutions for Next-generation Safety-critical SoCs
- Synopsys Introduces Native Automotive Solutions Optimized for Efficient Design of Autonomous Driving and ADAS SoCs
- GLOBALFOUNDRIES Qualifies Synopsys Fusion Design Platform on 12LP FinFET Platform
- Synopsys Completes Acquisition of QTronic GmbH
- Synopsys, Arm, and Samsung Foundry Enable Accelerated Development of Next-Generation Arm "Hercules" Processor on 5LPE Process
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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