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$382.48 (-1.94%)

Volume: 344k

Closed: Nov 26, 2021

Hollow Logo Score: 2.490

ANSYS, Inc. Stock Forecast

$382.48 (-1.94%)

Volume: 344k

Closed: Nov 26, 2021

Score Hollow Logo 2.490
Which way will ANSS go? Request
Fri, Nov 26, 2021 Buy Candidate Upgraded
Stop-loss: $363.09 (-5.07%)
Key Stats
P/E Ratio 71.45
Beta 1.61
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 30 and the stock is currently not being overbought or oversold

ANSYS, Inc. stock upgraded to Buy Candidate.
(Updated on Nov 26, 2021)


Buy or Hold candidate since 2021-10-14 Gain 6.42%

The ANSYS, Inc. stock price fell by -1.94% on the last day (Friday, 26th Nov 2021) from $390.05 to $382.48. and has now fallen 5 days in a row. During the day the stock fluctuated 4.83% from a day low at $380.84 to a day high of $399.25. The price has fallen in 6 of the last 10 days and is down by -0.76% for this period. 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 -57 thousand shares and in total, 344 thousand shares were bought and sold for approximately $131.59 million.

The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 10.51% during the next 3 months and, with a 90% probability hold a price between $396.79 and $463.55 at the end of this 3-month period.

Signals & Forecast

The ANSYS, Inc. stock holds a sell signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $394.60. On a fall, the stock will find some support from the long-term average at approximately $380.27. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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, November 04, 2021, and so far it has fallen -6.71%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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

ANSYS, Inc. finds support from accumulated volume at $365.36 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 $18.41 between high and low, or 4.83%. For the last week, the stock has had a daily average volatility of 2.83%.

Our recommended stop-loss: $363.09 (-5.07%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 15 days ago.)

Is ANSYS, Inc. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for ANSYS, Inc. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.490

Predicted Opening Price for ANSYS, Inc. of Monday, November 29, 2021

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

Fair opening price November 29, 2021 Current price
$387.52 $382.48 (Undervalued)
Buy Candidate Upgraded

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Analyst Ratings

On Nov 09, 2021 "Loop Capital" gave "$95.00" rating for ANSS. The price target was changed from $403.46 to 0.7%.

Volatility and Risk
Daily Average Volatility: 2.83 %
Overall Risk: Very High High Medium Low Very Low
Volatility
2.83 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $396.98
Price: $382.48
Support: $365.36

ANSS Insider Trading Show all Trades

INSIDER POWER

0.720

Last 100 transactions
Buy: 108 844 | Sell: 151 212 (Shares)
Date Action Amount Person Type
Oct 26, 2021 Buy 464 Chakravarthy Anil Common Stock
Oct 25, 2021 Sell 2 899 Lee Janet Common Stock
Oct 05, 2021 Sell 436 Emswiler Shane Common Stock
Oct 01, 2021 Sell 337 Emswiler Shane Common Stock
Sep 01, 2021 Sell 20 Dorchak Glenda Common Stock
Show all Insider Trades
INSIDER POWER

0.720

Last 100 transactions
Buy: 108 844 | Sell: 151 212 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 405.93 6.13 %
398.90 4.29 %
394.56 3.16 %
Current price: 382.48
Support 380.49 -0.52 %
376.15 -1.66 %
369.11 -3.49 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 409.97 7.19 %
406.69 6.33 %
396.98 3.79 %
Current price 382.48
Support 365.36 -4.48%
364.63 -4.67%
343.61 -10.16%

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About ANSYS, Inc.

ANSYS ANSYS, Inc. develops and markets engineering simulation software and services used by engineers, designers, researchers, and students in the aerospace and defense, automotive, industrial equipment, electronics, biomedical, energy, materials and chemical processing, and semiconductors industries and academia worldwide. The company’s products include ANSYS Workbench, a framework upon which the company’s engineering simulation technologies are bui... Read more

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