| ANSS latest price $289.1100 (2.54%) ($280.7200 - $289.5500) on Fri. Jun. 5, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 4.46% (three month average) |
RSI | 79 |
Latest Price | $289.1100(2.54%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ANSS advances 0.5% a day on average for past five trading days. |
Weekly Trend | ANSS advances 4.2% 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(73%) VUG(73%) IWF(72%) QQQ(71%) XLK(71%) |
Factors Impacting ANSS price | ANSS will decline at least -2.23% in a week (0% probabilities). VIXM(-45%) UUP(-27%) VXX(-15%) TBT(-12%) XLC(0%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.23% (StdDev 4.46%) |
Hourly BBV | 1 () |
Intraday Trend | 0% |
| |
|
|