| ANSS latest price $244.2700 (1.87%) ($238.0500 - $246.9600) on Wed. Apr. 8, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 4.63% (three month average) |
RSI | 59 |
Latest Price | $244.2700(1.87%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ANSS advances 2.9% a day on average for past five trading days. |
Weekly Trend | ANSS advances 4.1% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support ANSS advance at 0% a week (0% probability) IVW(74%) IWF(74%) VUG(74%) QQQ(73%) XLK(73%) |
Factors Impacting ANSS price | ANSS will decline at least -2.315% in a week (0% probabilities). VIXM(-47%) UUP(-25%) VXX(-16%) TBT(-8%) IGOV(1%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.315% (StdDev 4.63%) |
Hourly BBV | 0.7 () |
Intraday Trend | 0% |
| |
|
|