| ANSS latest price $393.0900 (-2.31%) ($393.0900 - $399.5300) on Wed. Feb. 17, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.75% (three month average) |
RSI | 77 |
Latest Price | $393.0900(-2.31%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ANSS advances 0.3% a day on average for past five trading days. |
Weekly Trend | ANSS advances 4.5% a week on average for past two weeks. |
Market Behavior | Value stock rally for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support ANSS advance at 0% a week (0% probability) IVW(71%) VUG(71%) IWF(70%) QQQ(69%) XLK(69%) |
Factors Impacting ANSS price | ANSS will decline at least -0.875% in a week (0% probabilities). VIXM(-45%) UUP(-28%) TBT(-14%) VXX(-12%) IGOV(-2%) |
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 | -0.875% (StdDev 1.75%) |
Hourly BBV | -1.2 () |
Intraday Trend | 0% |
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