| ANSS latest price $244.0100 (-2.07%) ($241.7000 - $244.0100) on Tue. Dec. 6, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.65% (three month average) |
RSI | 42 |
Latest Price | $244.0100(-2.07%) |
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 1.2% a week on average for past two weeks. |
Market Behavior | Broad based 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) XOP(22%) VYM(21%) XHB(21%) XLU(21%) XLE(20%) |
Factors Impacting ANSS price | ANSS will decline at least -1.325% in a week (0% probabilities). TBT(-15%) VIXM(-7%) UUP(-6%) SIL(-3%) GDXJ(-3%) |
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 | -1.325% (StdDev 2.65%) |
Hourly BBV | -1.4 () |
Intraday Trend | 0% |
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