| ANSS latest price $348.0300 (3.33%) ($340.1900 - $351.4900) on Mon. Oct. 12, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.11% (three month average) |
RSI | 65 |
Latest Price | $348.0300(3.33%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ANSS advances 1.5% a day on average for past five trading days. |
Weekly Trend | ANSS advances 3.5% 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(72%) IWF(71%) VUG(71%) QQQ(70%) XLK(69%) |
Factors Impacting ANSS price | ANSS will decline at least -1.055% in a week (0% probabilities). VIXM(-45%) UUP(-26%) VXX(-14%) TBT(-14%) EDOC(-6%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
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Relative Volatility | (options are extremely cheap) |
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Market Trend Strength | -1.055% (StdDev 2.11%) |
Hourly BBV | 1.6 () |
Intraday Trend | 0% |
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