ANSYS Inc Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
![Bollinger Bottleneck Buy Pattern 1](https://stockinvest.us/assets/img/legend/boll_tight.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
![Bollinger Bottleneck Buy Pattern 2](https://stockinvest.us/assets/img/legend/boll_tight2.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
![Bollinger Bottleneck Sell Pattern](https://stockinvest.us/assets/img/legend/boll_tight3.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
ANSYS Inc stock price ended at 321.50€ on Friday, after losing 0.0994%.
(Updated on Jun 28, 2024)
The ANSYS Inc stock price fell by -0.0994% on the last day (Friday, 28th Jun 2024) from 321.82€ to 321.50€. During the last trading day the stock fluctuated 0.779% from a day low at 320.76€ to a day high of 323.26€. The price has fallen in 5 of the last 10 days and is down by -0.52% for this period. Volume has increased on the last day by 1 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately 508.12€ million.
The stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at 329.22€ will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect ANSYS Inc stock with a 90% probability to be traded between 285.65€ and 325.88€ at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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AKX.F 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 313.92€ and 313.74€. 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 Thursday, June 27, 2024, and so far it has fallen -0.0994%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for ANSYS Inc stock
ANSYS Inc finds support from accumulated volume at 319.52€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved 2.50€ between high and low, or 0.779%. For the last week, the stock has had daily average volatility of 1.13%.
Our recommended stop-loss: 312.46€ (-2.81%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (AKX.F) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect ANSYS Inc to open at 321.84€, and during the day (based on 14 day Average True Range), to move between 309.89€ and 333.11€, which gives a possible trading interval of +/-11.61€ (+/-3.61%) up or down from last closing price. If ANSYS Inc takes out the full calculated possible swing range there will be an estimated 7.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 319.52€ (0.62%) than the resistance at 325.35€ (1.20%), 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.
Current score: -0.930 Hold/Accumulate Unchanged
Predicted Opening Price for ANSYS Inc of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
321.84€ ( 0.106%) | 321.50€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AKX.F
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 324.34 | 0.88% |
R2 | 323.39 | 0.586% |
R1 | 322.80 | 0.403% |
Price | 321.50 | |
S1 | 320.89 | -0.191% |
S2 | 320.30 | -0.375% |
S3 | 319.34 | -0.672% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 329.88 | 2.61% |
R2 | 327.40 | 1.84% |
R1 | 325.35 | 1.20% |
Price | 321.50 | |
S1 | 319.52 | -0.616% |
S2 | 317.45 | -1.26% |
S3 | 314.75 | -2.10% |
FAQ
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