| ANSS latest price $260.6100 (-1.27%) ($256.0300 - $264.2400) on Tue. May. 31, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.81% (three month average) |
RSI | 55 |
Latest Price | $260.6100(-1.27%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ANSS advances 0.6% a day on average for past five trading days. |
Weekly Trend | ANSS advances 1.7% a week on average for past two weeks. |
Market Behavior | Value stocks sell-off 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(60%) IWF(58%) VUG(58%) VT(57%) QQQ(56%) |
Factors Impacting ANSS price | ANSS will decline at least -1.405% in a week (0% probabilities). VIXM(-31%) UUP(-31%) TBT(-22%) VXX(-2%) USO(9%) |
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 | -1.405% (StdDev 2.81%) |
Hourly BBV | 0.5 () |
Intraday Trend | 0% |
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