RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of ANSS
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ANSYS, Inc. stock downgraded to Hold/Accumulate
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 19, 2024 Gain 1.62% PDF

The ANSYS, Inc. stock price fell by -0.546% on the last day (Wednesday, 27th Mar 2024) from $349.84 to $347.93. During the last trading day the stock fluctuated 2.70% from a day low at $345.02 to a day high of $354.34. The price has risen in 7 of the last 10 days and is up by 5.64% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -240 thousand shares and in total, 443 thousand shares were bought and sold for approximately $153.97 million.

The stock lies the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $349.71 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -2.24% during the next 3 months and, with a 90% probability hold a price between $313.67 and $341.88 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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ANSS Signals & Forecast

The ANSYS, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $346.92 and $337.25. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, March 26, 2024, and so far it has fallen -0.546%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for ANSYS, Inc. stock

ANSYS, Inc. finds support from accumulated volume at $344.08 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $9.32 (2.70%) between high and low. For the last week, the stock has had daily average volatility of 1.80%.

Our recommended stop-loss: $333.92 (-4.03%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (ANSS) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect ANSYS, Inc. to open at $349.10, and during the day (based on 14 day Average True Range), to move between $340.97 and $354.89, which gives a possible trading interval of +/-$6.96 (+/-2.00%) up or down from last closing price. If ANSYS, Inc. takes out the full calculated possible swing range there will be an estimated 4.00% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $344.08 (1.11%) than the resistance at $353.00 (1.46%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is ANSYS, Inc. stock A Buy?

ANSYS, Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.003 Hold/Accumulate Downgraded

Predicted Opening Price for ANSYS, Inc. of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$349.10 ( 0.335%) $347.93

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for ANSS

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 358.42 3.01 %
R2 354.86 1.99 %
R1 352.66 1.36 %
Current price: 347.93
Support S1 345.54 -0.688 %
S2 343.34 -1.32 %
S3 339.78 -2.34 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 357.79 2.83 %
R2 354.86 1.99 %
R1 353.00 1.46 %
Current price 347.93
Support S1 344.08 -1.11%
S2 330.24 -5.08%
S3 327.42 -5.89%

FAQ

What is the symbol for ANSYS, Inc. Stock and on which exchange is it traded?
The symbol for ANSYS, Inc. is ANSS and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell ANSYS, Inc. Stock?
ANSYS, Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

How to buy ANSYS, Inc. Stock?
ANSYS, Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy ANSYS, Inc. Stock.

What's the current price of ANSYS, Inc. Stock?
As of the end of day on the 2024-03-27, the price of an ANSYS, Inc. (ANSS) share was $347.93.

What is the 52-week high and low for ANSYS, Inc. Stock?
The 52-week high for ANSYS, Inc. Stock is $364.31 and the 52-week low is $258.01.

What is the market capitalization of ANSYS, Inc. Stock?
As of the 2024-03-27, the market capitalization of ANSYS, Inc. is 30.276B.

When is the next earnings date for ANSYS, Inc.?
The upcoming earnings date for ANSYS, Inc. is May 01, 2024.
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About ANSYS, Inc.

ANSYS. ANSYS, Inc. develops and markets engineering simulation software and services worldwide. It offers ANSYS Workbench, a framework upon which its multiphysics engineering simulation technologies are built and enables engineers to simulate the interactions between structures, heat transfer, fluids, electronics, and optical elements in a unified engineering simulation environment; high-performance computing product suite; power analysis and optimizati... ANSS Profile

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