| ANSS latest price $349.7750 (-0.61%) ($348.7200 - $358.0650) on Fri. Oct. 16, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.07% (three month average) |
RSI | 70 |
Latest Price | $349.7750(-0.61%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ANSS advances 0.8% a day on average for past five trading days. |
Weekly Trend | ANSS advances 4.1% 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(72%) IWF(71%) VUG(71%) QQQ(70%) XLK(69%) |
Factors Impacting ANSS price | ANSS will decline at least -1.035% 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 | -1.035% (StdDev 2.07%) |
Hourly BBV | 0.2 () |
Intraday Trend | 0% |
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