Trading Signals: SNPS Stock Price Prediction and Forecast

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Thu. Jul. 6, 2023

Trading Signals: SNPS Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)

(Synopsys Inc)
SNPS latest price $431.2900 (-0.31%) ($431.2900 - $432.6000) on Thu. Jul. 6, 2023.

Trend Analysis and Forecast

Average Daily Percentage Swing   2.06% (three month average)
RSI   32
Latest Price   $431.2900(-0.31%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   SNPS advances 0.2% a day on average for past five trading days.
Weekly Trend   SNPS declines -0.6% 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 SNPS advance at 0% a week (0% probability)
XLK(76%)    QQQ(74%)    SMH(73%)    IWF(71%)    VUG(71%)
Factors Impacting SNPS price   SNPS will decline at least -1.03% in a week (0% probabilities).
VIXM(-47%)    VXX(-46%)    UUP(-22%)    TBT(-20%)    USO(-10%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.03% (StdDev 2.06%)
Hourly BBV -0.4 ()
Intraday Trend 0%

Resistance Level   $433.43
5 Day Moving Average   $432.24(-0.22%)
10 Day Moving Average   $427.9(0.79%)
20 Day Moving Average   $433.43(-0.49%)
To recent high   -7.3%
To recent low   18.2%
Market Cap   $65.085b

Synopsys, Inc. engages in the provision of software products and consulting services in the electronic design automation industry. It provides intellectual property products, which are pre-designed circuits that engineers use as components of larger chip designs, as well as software and hardware that are used to develop the electronic systems that incorporate chips and the software that runs on the circuits. It also offers technical services to support the customers in industries such as electronics, financial services, energy, and industrials for developing chips and electronic systems. The company was founded by Aart J. de Geus, Bill Krieger, Dave Gregory, and Rick Rudell in December 1986 and is headquartered in Mountain View, CA.

$. SNPS price fluctuates within 2.04% (three month std-dev: 2.06%) daily (68% of days).

Sample size 3 Average positive next day return: 0%(0%) Average negative next day return: -1.17%(100%) Sample size 3 Average positive next three day return: 2.34%(67%) Average negative next three day return: -1%(33%) Sample size 3 Average positive next weekly return: 2.64%(67%) Average negative next weekly return: -1.72%(33%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20230806

i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD
1	Jul_6_2023	391.63	433.43	427.9	432.24	433.4	431.93	431.29(-0.31%)	DT	OpenShort	-75	-0.1	-16	-20	-13	-24	0.64	81%	0.14	-58.8	2.06%	-0.4	-0.2	32	-0.6
2	Jul_5_2023	391.07	434.3	427.36	431.31	432.39	433.16	432.61(-0.34%)	DT	OpenShort	-75	0.1	-24	20	-18	-42	0.62	81%	0.23	-59.8	2.06%	-0.2	-0.2	37	0.9
3	Jul_3_2023	390.17	435.08	427.38	430.11	430.99	434.87	434.07(-0.36%)	UD	OpenLong	75	0.4	84	70	111	2	0.48	81%	0.2	-52	2.06%	0	-0.1	46	1.2
4	Jun_30_2023	389.39	436.01	427.82	426.74	429.28	431.63	435.66(1.89%)	UT	OpenLong	75	0.9	142	60	183	20	0.6	82%	0.19	-33.5	2.07%	1.4	-0	48	1
5	Jun_29_2023	388.65	436.91	428.62	423.43	424.65	427.12	427.59(0.22%)	N/A	N/A	0	0.4	16	50	36	-46	0.36	82%	0.18	-14.3	2.06%	0.4	-0.8	44	1

6	Jun_28_2023	387.95	438.71	430.65	422.99	422.53	426.93	426.64(0.01%)	RB	SmallLong	20	0.3	86	70	119	-12	0.54	82%	0.16	9.8	2.07%	0.9	-1	37	1.2
7	Jun_27_2023	387.32	439.67	432.48	422.9	422.22	422.19	426.61(2.26%)	RB	SmallLong	20	0.3	68	-10	98	-24	0.57	82%	0.18	21.7	2.07%	2.6	-1	33	1.1
8	Jun_26_2023	386.63	440.14	433.73	424.41	421.97	418.14	417.19(-0.46%)	DT	OpenShort	-75	-0.6	-163	-80	-172	-134	0.73	81%	0.15	34.4	2.06%	-1.8	-1.8	25	1
9	Jun_23_2023	386.06	439.42	435.91	429.1	426.22	422.26	419.12(-1.47%)	DT	HoldShort	-65	-0.9	-166	-90	-177	-131	1.28	82%	0.14	58.4	2.06%	-1.5	-1.8	24	1.1
10	Jun_22_2023	385.53	438.49	437.76	434.55	431.6	425.8	425.39(-0.19%)	DT	OpenShort	-75	-0.9	-173	-110	-188	-128	0.76	82%	0.15	90	2.07%	-1	-1.3	25	1.4

11	Jun_21_2023	384.94	437.58	439.7	439.44	436.52	430.18	426.21(-1.83%)	DT	HoldShort	-65	-0.9	-241	-120	-269	-156	0.76	82%	0.2	83	2.07%	-1.3	-0.8	22	1.3
12	Jun_20_2023	384.19	436.91	442.16	443.36	442.42	437.39	434.14(-1.48%)	DT	OpenShort	-75	-0.5	-160	-90	-178	-104	0.81	82%	0.3	84.7	2.06%	-1.5	-0.2	45	1.2
13	Jun_16_2023	383.05	435.82	443.72	444.32	445.38	442.86	440.64(-1.28%)	DT	OpenShort	-75	-0.2	-94	-30	-104	-62	1.14	83%	0.23	86.4	2.03%	-1.3	0.2	56	1.6
14	Jun_15_2023	382.18	432.91	445.04	443.61	444.88	447.46	446.37(-0.77%)	UD	OpenLong	75	0.1	20	50	20	19	0.9	83%	0.35	84.6	2.04%	0	0.6	75	1.2
15	Jun_13_2023	380.86	429.59	445.84	441.43	443.1	447.91	449.83(0.9%)	UT	HoldLong	65	0.3	173	90	191	117	0.65	84%	0.27	66.9	2.06%	1.5	0.8	77	1.3

16	Jun_12_2023	379.84	425.9	447.16	440.24	439.51	442.31	445.82(1.57%)	UT	OpenLong	75	0.2	108	40	104	118	0.49	84%	0.28	61.8	2.06%	2	0.7	70	1.4
17	Jun_9_2023	378.79	422.23	447.13	441.11	438.91	438.3	438.92(0.41%)	UD	OpenLong	65	-0.1	20	-20	-7	101	0.78	77%	0.29	59.2	2.07%	0.3	0.5	64	1.7
18	Jun_8_2023	377.69	418.87	446.85	443.22	441.73	436.71	437.12(0.38%)	N/A	N/A	0	-0.2	-66	-90	-116	83	0.55	78%	0.28	59	2.09%	-0.6	0.6	64	2
19	Jun_7_2023	376.65	415.63	443.3	446.7	444.61	439.52	435.45(-1.9%)	CR	SmallShort	-20	-0.3	-171	-90	-247	59	0.78	75%	0.27	60.8	2.11%	-1.5	0.6	73	2.2
20	Jun_6_2023	375.64	412.33	439.66	450.72	449.36	446.74	443.87(-1.41%)	N/A	N/A	0	-0.2	-55	-50	-121	142	1.15	75%	0.19	62.9	2.12%	-1.4	0.9	76	2.4

21	Jun_5_2023	374.94	408.72	435.75	455.02	452.36	449.69	450.2(0.16%)	N/A	N/A	0	-0.1	-33	-60	-108	193	0.74	75%	0.32	67.4	2.1%	-0.7	1.2	79	2.3
22	Jun_2_2023	373.73	404.71	431.65	453.99	456.23	451.98	449.49(-1.1%)	UD	OpenLong	65	-0.1	24	-50	-50	247	0.81	75%	0.32	68.6	2.11%	-1.2	1.3	80	2.2
23	Jun_1_2023	372.53	400.48	427.61	450.84	455.12	455.03	454.48(-0.24%)	UT	HoldLong	50	0.1	48	30	-30	281	1.04	75%	0.33	67.9	2.1%	0	1.6	82	2
24	May_31_2023	371.29	396.06	420.01	439	449.93	460.48	455.58(-2.11%)	UD	OpenLong	75	0.5	372	240	364	396	1.36	75%	0.36	62.2	2.15%	-0.4	1.9	82	1.2
25	May_30_2023	369.97	391.5	411.99	426.53	434.54	455.22	465.38(4.57%)	UT	HoldLong	65	1.4	612	390	657	478	2.18	75%		56.6	2.12%	1.5	2.6	87	1.3
i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD

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