| ANSS latest price $334.8000 (2.23%) ($329.2850 - $336.3500) on Thu. Oct. 1, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.95% (three month average) |
RSI | 60 |
Latest Price | $334.8000(2.23%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ANSS advances 1.9% a day on average for past five trading days. |
Weekly Trend | ANSS advances 1% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support ANSS advance at 0% a week (0% probability) IVW(72%) VUG(72%) IWF(71%) QQQ(70%) XLK(70%) |
Factors Impacting ANSS price | ANSS will decline at least -0.975% in a week (0% probabilities). VIXM(-45%) UUP(-26%) VXX(-14%) TBT(-14%) EDOC(-5%) |
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 | -0.975% (StdDev 1.95%) |
Hourly BBV | 1.5 () |
Intraday Trend | 0% |
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