| ANSS latest price $297.8100 (1.2%) ($295.3900 - $299.7350) on Thu. Jul. 2, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.49% (three month average) |
RSI | 73 |
Latest Price | $297.8100(1.2%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ANSS advances 0.7% a day on average for past five trading days. |
Weekly Trend | ANSS advances 1.6% 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%) VUG(73%) IWF(72%) QQQ(71%) XLK(71%) |
Factors Impacting ANSS price | ANSS will decline at least -1.245% in a week (0% probabilities). VIXM(-45%) UUP(-27%) VXX(-14%) TBT(-13%) XLC(-1%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.245% (StdDev 2.49%) |
Hourly BBV | 1 () |
Intraday Trend | 0% |
| |
|
|