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(SNPS) Synopsys Inc complete technical analysis [charts+indicators] | Buy/Sell Synopsys Inc | (SNPS) share price targets

Complete technical analysis of Synopsys Inc (SNPS) by charts plus indicators, forecast predictions and share price targets for Synopsys Inc (SNPS)

Synopsys Inc trades in USA in Technology sector.

10 day averaged volume of Synopsys Inc is 650306

Date Daily Closing Price Open High Low Volume
16 Thu May 2024 569.27 581.00 581.00 568.61 1.022 times
15 Wed May 2024 580.20 565.80 582.97 565.80 1.484 times
14 Tue May 2024 559.63 552.88 560.35 552.76 0.77 times
13 Mon May 2024 557.39 561.37 561.37 553.62 0.843 times
10 Fri May 2024 556.71 551.66 562.93 551.01 0.904 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 559.4, but if it comes below 559.4, then a intra day sell could be more profitable.
If you take a sell trade below 559.4, then use 559.4 as stoploss and 541.58 as target. However if you take a buy trade in stock , then use 559.4 as stoploss and 580.7 as target.

Share price targets for Synopsys Inc (SNPS)

Target Type Value
Downside Target 477.65
Downside Target 508.19
Downside Target 527.03
Downside Target 554.57
Downside Target 562.93
Downside Target 567.91
Upside Target 582.97
Upside Target 592.71
Upside Target 616.54
Upside Target 629.38

Intraday share price targets for Synopsys Inc (SNPS)

Target Type Value
Downside Intraday Target 553.7
Downside Intraday Target 538.12
Upside Intraday Target 583.91
Upside Intraday Target 598.54
Downside Intraday Target 568.33

Weekly technical analysis of Synopsys Inc (SNPS)

Date Weekly Closing Price Open High Low Volume
16 Thu May 2024 569.27 561.37 582.97 552.76 0.902 times
10 Fri May 2024 556.71 539.33 562.93 537.02 0.728 times
03 Fri May 2024 536.94 545.15 548.83 512.12 0.701 times
26 Fri Apr 2024 543.66 513.08 548.77 510.75 1.091 times
19 Fri Apr 2024 510.71 567.91 567.91 508.19 1.285 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Synopsys Inc (SNPS)

Date Monthly Closing Price Open High Low Volume
16 Thu May 2024 569.27 528.17 582.97 512.12 0.406 times
30 Tue Apr 2024 530.59 578.07 592.71 508.19 0.998 times
28 Thu Mar 2024 571.50 572.56 616.54 546.91 0.851 times
29 Thu Feb 2024 573.73 534.00 629.38 527.03 0.666 times

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Synopsys Inc (SNPS)

Indicator Name Indicator Value Indicator Signal
ADX 39, 15, 45 Buy
MACD 6, -1Buy
Stochastics 88Buy
CCI 128Sell
RSI 45Sell
OBV 8045215Sell
VWAP 556Buy
ADL 0Sell
ROC 9Buy
Force Index 0Sell

Price action analysis of Synopsys Inc ( (SNPS) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Synopsys Inc ( (SNPS) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Synopsys Inc ( (SNPS) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Synopsys Inc ( (SNPS) ) based on a mid to longer term time period is

ADX buy sell signal for Synopsys Inc stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Synopsys Inc in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Synopsys Inc Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Synopsys Inc in short term but SELL signal is weak.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Synopsys Inc is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 556.23 and Synopsys Inc (SNPS) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Synopsys Inc (SNPS) stock. Volume based technical analysis of Synopsys Inc (SNPS) stock is negative.

Synopsys Inc Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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