| ANSS latest price $319.3550 (4.28%) ($319.3550 - $319.3550) on Fri. May. 26, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 1.45% (three month average) |
RSI | 78 |
Latest Price | $319.3550(4.28%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ANSS advances 0.9% a day on average for past five trading days. |
Weekly Trend | ANSS advances 1.8% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support ANSS advance at 0% a week (0% probability) BOTZ(72%) ARKK(56%) ARKG(49%) BLOK(46%) BND(35%) |
Factors Impacting ANSS price | ANSS will decline at least -0.725% in a week (0% probabilities). XOP(-16%) VXX(-16%) SHY(-16%) XLE(-15%) USO(-12%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -0.725% (StdDev 1.45%) |
Hourly BBV | 1.6 () |
Intraday Trend | 0% |
| |
|
|