Trading Signals: SNPS Stock Price Prediction and Forecast

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Mon. Nov. 20, 2023

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

(Synopsys Inc)
SNPS latest price $541.5100 (1.17%) ($541.5100 - $541.5100) on Mon. Nov. 20, 2023.

Trend Analysis and Forecast

Average Daily Percentage Swing   1.52% (three month average)
RSI   91
Latest Price   $541.5100(1.17%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   SNPS advances 0.7% a day on average for past five trading days.
Weekly Trend   SNPS advances 5.5% a week on average for past two weeks.
Market Behavior   Broad based rally for large cap. Growth stock rally for small cap.
Correlated ETFs   Broad market will support SNPS advance at 0% a week (0% probability)
IVW(85%)    QQQ(69%)    XLK(62%)    IWF(57%)    VUG(57%)
Factors Impacting SNPS price   SNPS will decline at least -0.76% in a week (0% probabilities).
BLOK(-27%)    XLE(-26%)    IWC(-25%)    VIXM(-22%)    UUP(-19%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -0.76% (StdDev 1.52%)
Hourly BBV 2.4 ()
Intraday Trend 0%

5 Day Moving Average   $535.47(1.13%)
10 Day Moving Average   $523.82(3.38%)
20 Day Moving Average   $498.22(8.69%)
To recent high   0%
To recent low   24.2%
Market Cap   $81.718b

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 5.95% (three month std-dev: 1.52%) daily (68% of days).

Sample size 50 Average positive next day return: 1.83%(48%) Average negative next day return: -1.65%(52%) Sample size 50 Average positive next three day return: 2.66%(60%) Average negative next three day return: -3.38%(40%) Sample size 50 Average positive next weekly return: 3.89%(60%) Average negative next weekly return: -4.38%(40%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20231220

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	Nov_20_2023	462.29	498.22	523.82	535.47	534.8	538.39	541.51(1.17%)	UT	HoldLong	65	0.2	191	40	160	282	0.53	63%	0.23	52.4	1.52%	2.4	1.5	91	1.4
2	Nov_17_2023	461.22	494.46	518.76	531.73	533.97	534.29	535.27(0.34%)	UT	HoldLong	65	0.1	203	20	171	298	0.45	63%	0.23	47.7	1.52%	0.7	1.4	91	1.5
3	Nov_16_2023	460.14	490.97	514.13	528.43	530.86	531.21	533.46(0.82%)	UT	HoldLong	65	0.2	66	20	6	246	0.82	63%	0.24	43.8	1.53%	0.2	1.6	92	1.5
4	Nov_15_2023	459.06	488.22	508.73	522.78	527.23	533.65	529.12(-1.64%)	TP	CloseLong	-10	0.3	256	110	230	332	0.99	63%	0.23	38.5	1.55%	-0.2	1.7	92	1.6
5	Nov_14_2023	458.02	485.81	503.42	518.19	521.17	530.5	537.97(2.9%)	UT	HoldLong	65	0.9	477	140	490	439	0.57	65%	0.27	34.3	1.54%	1.6	2.3	97	1.5

6	Nov_13_2023	456.8	483.14	496.47	510.49	513.17	520.81	522.82(0.78%)	UT	HoldLong	65	0.6	420	120	429	392	0.47	63%	0.23	29.1	1.51%	1.4	2	80	1.4
7	Nov_10_2023	455.75	481.3	490.29	503.91	507.4	511.84	518.79(2.69%)	UT	HoldLong	65	0.9	365	80	374	338	0.7	63%	0.21	25	1.51%	1.7	2.1	78	1.4
8	Nov_9_2023	454.81	479.59	484.04	497.77	499.89	505.53	505.18(-0.2%)	UD	OpenLong	75	0.5	199	90	187	234	0.79	61%	0.18	21.9	1.48%	0.6	1.6	75	0.9
9	Nov_8_2023	454.01	478.94	478.98	492.43	495.69	502.96	506.17(1.34%)	UT	OpenLong	75	0.9	407	120	446	291	0.56	61%	0.16	24	1.5%	1.3	1.8	60	1.6
10	Nov_7_2023	453.29	478.12	473.85	486.27	488.78	494.25	499.49(1.96%)	UT	OpenLong	75	0.9	296	90	330	194	0.45	61%	0.11	23.9	1.51%	1.9	1.5	55	1.7

11	Nov_6_2023	452.81	477.51	470.43	480.3	482.68	488.42	489.9(0.37%)	UT	OpenLong	75	0.7	245	100	283	129	0.65	60%	0.11	26.6	1.5%	0.5	0.9	45	1.9
12	Nov_3_2023	452.31	476.95	468.08	474.5	477.91	483.31	488.1(2%)	UT	OpenLong	75	1	302	100	364	116	0.53	60%	0.09	21.3	1.5%	1.4	0.8	44	1.9
13	Nov_2_2023	451.89	476.16	465.79	468.2	471.22	476.94	478.51(0.66%)	UT	OpenLong	75	0.8	215	100	275	33	0.7	55%	0.06	12.7	1.48%	1.6	0.2	39	1.9
14	Nov_1_2023	451.61	475.32	465.9	463.4	465.75	472.51	475.38(1.22%)	UT	OpenLong	75	0.9	258	120	336	25	0.67	55%	0.06	2.4	1.52%	1.4	0	32	1.6
15	Oct_31_2023	451.35	474.74	466.63	459.54	460.99	465.5	469.64(1.9%)	RB	SmallLong	20	0.7	208	80	284	-22	0.51	55%	0.06	0	1.51%	1.7	-0.3	29	1.3

16	Oct_30_2023	451.1	473.97	468.53	459.22	457.59	458.99	460.87(0.93%)	N/A	N/A	0	0.1	9	10	52	-121	0.49	54%	0.05	1.3	1.49%	2	-0.9	25	-0.1
17	Oct_27_2023	450.88	474.17	471.51	460.79	458.97	456.48	456.63(0.47%)	DP	OpenShort	-75	-0.3	-81	-50	-58	-151	0.39	54%	0.05	8.9	1.49%	-0.2	-1.2	35	-1.7
18	Oct_26_2023	450.67	474.46	474.86	463.01	461.99	456.19	454.5(-0.34%)	DT	OpenShort	-75	-0.6	-239	-90	-249	-208	0.42	54%	0.04	16.7	1.49%	-0.9	-1.4	41	-1.1
19	Oct_25_2023	450.48	474.96	479.14	468.68	464.77	461.47	456.06(-2.56%)	DT	OpenShort	-75	-0.8	-329	-70	-370	-204	0.57	54%	0.03	31.9	1.51%	-2	-1.2	53	-0.8
20	Oct_24_2023	450.35	474.76	483.15	474.61	471.99	467.79	468.04(-0.14%)	DT	OpenShort	-75	-0.4	-100	-80	-116	-52	0.64	57%	0.04	39.4	1.48%	-0.5	-0.4	58	0.4

21	Oct_23_2023	450.17	473.77	485.56	479.29	476.61	468.07	468.71(0.21%)	DP	OpenShort	-75	-0.6	-334	-140	-406	-116	0.6	57%	0.04	41.5	1.48%	-0.7	-0.3	65	-0.7
22	Oct_20_2023	449.97	472.87	486.99	483.91	482.47	476.2	467.72(-3.14%)	DT	OpenShort	-75	-0.9	-347	-100	-433	-89	0.99	57%	0.03	44.4	1.48%	-1.7	-0.3	56	-1.3
23	Oct_19_2023	449.83	471.99	487.91	488.36	488.31	485.14	482.87(-0.59%)	N/A	N/A	0	-0.3	-100	-50	-154	61	0.49	61%	0.06	48.4	1.44%	-2.6	0.6	66	-1.4
24	Oct_18_2023	449.55	470.13	485.97	491.16	489.32	488.74	485.73(-1.16%)	CR	SmallShort	-20	-0.3	-101	-20	-159	75	0.6	61%	0.05	47.7	1.45%	-2.1	0.8	66	-0.7
25	Oct_17_2023	449.34	468.5	483.86	492.96	492.21	491.47	491.43(-0.08%)	UD	OpenLong	75	-0.1	77	-20	42	183	0.47	61%		48.5	1.44%	0.2	1.2	75	0.5
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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