Trading Signals: SNPS Stock Price Prediction and Forecast

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Fri. Sep. 15, 2023

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

(Synopsys Inc)
SNPS latest price $451.9300 (-3.08%) ($451.9300 - $467.5750) on Fri. Sep. 15, 2023.

Trend Analysis and Forecast

Average Daily Percentage Swing   1.39% (three month average)
RSI   60
Latest Price   $451.9300(-3.08%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   SNPS declines -0.3% a day on average for past five trading days.
Weekly Trend   SNPS advances 0.9% 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(74%)    QQQ(73%)    SMH(72%)    VUG(71%)    IWF(70%)
Factors Impacting SNPS price   SNPS will decline at least -0.695% in a week (0% probabilities).
VXX(-49%)    VIXM(-47%)    TBT(-21%)    UUP(-18%)    USO(-12%)

Relative Volatility (options are extremely cheap)

Market Trend Strength   -0.695% (StdDev 1.39%)
Hourly BBV -1.4 ()
Intraday Trend 0%

Resistance Level   $452.98
5 Day Moving Average   $460.26(-1.81%)
10 Day Moving Average   $461.07(-1.98%)
20 Day Moving Average   $452.98(-0.23%)
To recent high   -3.2%
To recent low   8.3%
Market Cap   $68.2b

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 2.61% (three month std-dev: 1.39%) daily (68% of days).

Sample size 9 Average positive next day return: 0.44%(33%) Average negative next day return: -1.76%(67%) Sample size 9 Average positive next three day return: 0.88%(44%) Average negative next three day return: -1.93%(56%) Sample size 9 Average positive next weekly return: 2.39%(33%) Average negative next weekly return: -1.78%(67%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20231015

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	Sep_15_2023	431.2	452.98	461.07	460.26	460.87	461.08	451.93(-3.08%)	DT	OpenShort	-75	-0.7	-191	10	-236	-54	0.88	61%	0.2	62.8	1.39%	-1.4	-0.1	60	1
2	Sep_14_2023	430.34	451.74	461.93	461.66	462.31	466.65	466.31(-0.14%)	UD	OpenLong	75	0.3	248	70	270	180	0.64	68%	0.24	56.9	1.34%	0.8	1.1	76	1.5
3	Sep_13_2023	429.29	449.86	461.03	460.02	460.46	460.66	466.98(2.76%)	UT	OpenLong	75	0.5	153	10	159	136	0.7	68%	0.25	52.1	1.35%	1.3	1.2	63	1.3
4	Sep_12_2023	428.22	448.32	459.5	459.8	457.81	457.97	454.45(-1.55%)	CR	SmallShort	-20	-0.4	-115	-10	-162	25	0.91	65%	0.19	54.2	1.31%	-1.6	0.5	64	1
5	Sep_11_2023	427.4	447.33	458.6	462.3	460.69	460.27	461.61(0.58%)	UT	OpenLong	75	-0.1	88	-20	70	141	0.44	69%	0.2	55.8	1.31%	1.8	1.1	69	1.3

6	Sep_8_2023	426.53	445.68	456.79	462.07	462.03	457.64	458.93(0.18%)	N/A	N/A	0	-0.2	-86	-70	-140	75	0.58	69%	0.2	51.3	1.31%	-0.7	1	74	1.3
7	Sep_7_2023	425.67	444.29	454.65	462.14	462.33	461.11	458.11(-1.67%)	CR	SmallShort	-20	-0.3	-156	-20	-226	55	0.99	69%	0.19	49.2	1.31%	-1.2	1	74	1.2
8	Sep_6_2023	424.85	442.82	453.63	461.98	463.36	466.43	465.88(-0.23%)	UD	OpenLong	75	0.3	192	60	176	238	0.6	75%	0.21	45.7	1.31%	0.6	1.7	76	1.4
9	Sep_5_2023	423.96	441.22	450.68	459.11	460.87	463.56	466.97(1.41%)	UT	OpenLong	75	0.6	229	50	225	242	0.5	75%	0.31	37.1	1.33%	1.9	2.1	67	1.7
10	Sep_1_2023	422.63	439.89	447.57	454.35	457	460.29	460.47(0.26%)	UT	OpenLong	75	0.6	195	70	190	208	0.47	73%	0.19	27.9	1.31%	0.4	2	66	2.3

11	Aug_31_2023	421.81	438.8	444.14	450.72	452.77	458.18	459.26(0.42%)	UT	OpenLong	75	0.9	274	100	290	227	0.45	73%	0.2	16.2	1.31%	1.2	2.2	68	2.3
12	Aug_30_2023	420.96	437.71	440.64	446.04	448.23	453.71	457.32(1.28%)	UT	OpenLong	75	1.4	323	100	357	220	0.63	78%	0.19	-2.1	1.34%	1.3	2.4	65	2.2
13	Aug_29_2023	420.15	436.77	437.63	444.13	443.16	447.36	451.52(1.88%)	UT	OpenLong	75	0.9	176	60	188	138	0.47	78%	0.18	-13.4	1.45%	1.3	1.9	64	1.7
14	Aug_28_2023	419.41	436.68	436	441.07	442.21	442.76	443.2(0.2%)	UT	OpenLong	75	0.3	151	20	163	114	0.26	76%	0.06	-26.3	1.44%	0.8	0.8	54	1.5
15	Aug_25_2023	419.16	436.98	435.02	439.74	440.94	438.95	442.31(1.48%)	N/A	N/A	0	0.3	-36	-20	-52	12	0.5	85%	0.16	-29.1	1.48%	-0.1	0.6	48	0.2

16	Aug_24_2023	418.47	437.29	433.6	436.43	439.5	441.67	435.85(-2.66%)	UD	OpenLong	75	-0.1	9	60	9	8	0.87	84%	0.14	-41	1.91%	-0.9	-0.2	46	-0.6
17	Aug_23_2023	417.87	437.9	433.14	434.1	437.19	442.92	447.76(2.64%)	UT	OpenLong	75	1.6	214	110	255	91	0.59	85%	0.16	-49	1.87%	1.5	1.1	54	0.5
18	Aug_22_2023	417.21	437.8	431.12	430.17	431.25	437.32	436.23(-0.07%)	UD	OpenLong	75	0.6	151	110	188	39	0.53	80%	0.12	-62.1	1.87%	0.7	-0.2	45	-0.5
19	Aug_21_2023	416.73	438.73	430.98	430.33	429.27	431.46	436.55(2.53%)	UT	OpenLong	75	0.6	130	30	167	20	0.45	80%	0.13	-64.4	1.88%	1.9	-0.2	37	-0.5
20	Aug_18_2023	416.2	439.37	431.51	429.83	429.38	425.18	425.77(0.37%)	DP	OpenShort	-75	-0.4	-85	-70	-84	-89	0.59	83%	0.12	-68.1	1.86%	-0.5	-1.4	29	-1.4

21	Aug_17_2023	415.69	440.8	433.04	430.35	431.31	427.08	424.21(-0.91%)	DT	OpenShort	-75	-0.6	-158	-60	-170	-121	1.19	83%	0.13	-69.4	2.14%	-1.8	-1.7	29	-2.3
22	Aug_16_2023	415.17	442.24	434.67	431.8	432.41	433.59	428.11(-2.03%)	DT	OpenShort	-75	-0.4	-54	20	-48	-73	0.86	83%	0.15	-66.8	2.14%	-1.7	-1.5	32	-1
23	Aug_15_2023	414.56	443.71	436	431.95	432.59	435.54	436.99(0.67%)	RB	SmallLong	20	0.5	97	50	131	-6	0.64	83%	0.16	-57.7	2.12%	1.3	-0.7	39	-0.8
24	Aug_14_2023	413.9	444.98	437.43	431.75	430.56	431.23	434.09(1.34%)	N/A	N/A	0	0.2	8	0	27	-51	0.5	83%	0.15	-46.3	2.12%	1	-1.1	29	0.9
25	Aug_11_2023	413.29	446.32	439.08	433.68	431.03	429.63	428.36(-0.71%)	DT	OpenShort	-75	-0.5	-69	-40	-65	-82	0.3	83%		-35.3	2.12%	-0.7	-1.8	32	0.2
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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