| ANSS latest price $289.1900 (2.74%) ($281.8400 - $289.3700) on Mon. Jun. 22, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 3.06% (three month average) |
RSI | 50 |
Latest Price | $289.1900(2.74%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ANSS advances 1% a day on average for past five trading days. |
Weekly Trend | ANSS declines -0.2% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Growth stock 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 -1.53% in a week (0% probabilities). VIXM(-45%) UUP(-27%) VXX(-14%) TBT(-12%) XLC(-1%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.53% (StdDev 3.06%) |
Hourly BBV | -0.5 () |
Intraday Trend | 0% |
| |
|
|