| ANSS latest price $320.9500 (1.1%) ($317.3100 - $320.9500) on Wed. Sep. 6, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.74% (three month average) |
RSI | 71 |
Latest Price | $320.9500(1.1%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ANSS advances 0.4% a day on average for past five trading days. |
Weekly Trend | ANSS advances 4% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Value stock sell-off for small cap. |
Correlated ETFs | Broad market will support ANSS advance at 0% a week (0% probability) XRT(98%) ARKK(97%) SKYY(96%) IBUY(95%) XHB(94%) |
Factors Impacting ANSS price | ANSS will decline at least -0.87% in a week (0% probabilities). TBT(-52%) UUP(-12%) UNG(5%) USO(11%) XBI(16%) |
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 | -0.87% (StdDev 1.74%) |
Hourly BBV | 2.2 () |
Intraday Trend | 0% |
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