| ANSS latest price $266.3300 (-2.2%) ($266.1800 - $272.5650) on Thu. May. 21, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 4.83% (three month average) |
RSI | 59 |
Latest Price | $266.3300(-2.2%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ANSS advances 1.1% a day on average for past five trading days. |
Weekly Trend | ANSS advances 0.6% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support ANSS advance at 0% a week (0% probability) IVW(73%) IWF(73%) VUG(73%) QQQ(72%) XLK(71%) |
Factors Impacting ANSS price | ANSS will decline at least -2.415% in a week (0% probabilities). VIXM(-46%) UUP(-27%) VXX(-15%) TBT(-11%) XLC(1%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.415% (StdDev 4.83%) |
Hourly BBV | -0.7 () |
Intraday Trend | 0% |
| |
|
|