Bullish vs. Bearish (7 opinions)
Social Sentiment 0.00
ANSS Forecast and Technical Stock Analysis
Buy candidate since 2019-10-09 Gain 2.16% PDF
ANSYS gained 0.49% in the last trading day ( Monday, 14th Oct 2019 ), rising from $224.16 to $225.26 , and has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 1.17% from a day low at $223.17 to a day high of $225.79. The price has risen in 6 of the last 10 days and is up by 1.76% over the past 2 weeks. Volume fell in the last day by -81 941 shares and in total, 255 497 shares bought and sold for approximately $57.55 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
- 30 day high of the ANSS stock price was $227.68 and low was $210.45.
- 90 day high was $227.68 and low was $186.81.
- 52 week high for ANSYS - $227.68 and low - $136.80.
ANSYS lies in the upper part of a wide and weak rising trend in the short term, and this will 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 $228.67 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 7.23% during the next 3 months and, with 90% probability hold a price between $216.55 and $245.21 at the end of this period.
Only positive signals in the chart today. ANSYS holds buy signals from both short- and long-term moving averages. In addition, 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 $222.14 and $215.82. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday October 08, 2019, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 63 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $212.13 and $198.34.
There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, ANSYS finds support just below today's level at $212.13. If this is broken, then the next support from accumulated volume will be at $198.34 and $190.15.
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 $2.62 (1.17%) between high and low. For the last week, the stock has had daily average volatility of 1.70%.
Our recommended stop-loss: $215.92 (-4.15%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 4 days ago.)
1.70 %Average volatility
Very Low Low Medium High Very High
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 this stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Strong Buy Candidate to a Buy Candidate.
|ANSS $225.26 ($1.10 0.49%)|
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