| ANSS latest price $319.3300 (-2.76%) ($318.1300 - $329.2300) on Tue. Nov. 10, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.27% (three month average) |
RSI | 46 |
Latest Price | $319.3300(-2.76%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ANSS advances 0.2% a day on average for past five trading days. |
Weekly Trend | ANSS advances 0.8% a week on average for past two weeks. |
Market Behavior | Rotation from growth to value for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support ANSS advance at 0% a week (0% probability) IVW(71%) IWF(71%) VUG(71%) QQQ(69%) XLK(69%) |
Factors Impacting ANSS price | ANSS will decline at least -1.135% in a week (0% probabilities). VIXM(-45%) UUP(-26%) TBT(-14%) VXX(-13%) EDOC(-8%) |
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 | -1.135% (StdDev 2.27%) |
Hourly BBV | -1.5 () |
Intraday Trend | 0% |
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