SYNOPSYS INC. - 1H - Technical analysis published on 08/08/2022 (GMT)
- 279
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
61%
11%
28%
My opinion
Bullish above 364.36 USD
My targets
380.31 USD (+1.76%)
386.34 USD (+3.37%)
My analysis
The bullish trend is currently very strong on SYNOPSYS INC.. As long as the price remains above the support at 364.36 USD, you could try to benefit from the boom. The first bullish objective is located at 380.31 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 386.34 USD as an objective. Crossing it would then enable buyers to target 396.99 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.7
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
SYNOPSYS INC. rating 373.74 USD. On the day, this instrument lost -0.15% and was traded between 372.87 USD and 378.46 USD over the period. The price is currently at +0.23% from its lowest and -1.25% from its highest.372.87
378.46
373.74
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of SYNOPSYS INC. in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase are moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 320.80 | 340.91 | 364.36 | 373.74 | 375.59 |
| Change (%) | -14.16% | -8.78% | -2.51% | - | +0.49% |
| Change | -52.94 | -32.83 | -9.38 | - | +1.85 |
| Level | Minor | Major | Intermediate | - | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 357.79 | 361.64 | 367.97 | 371.82 | 378.15 | 382.00 | 388.33 |
| Camarilla | 371.49 | 372.42 | 373.36 | 374.29 | 375.22 | 376.16 | 377.09 |
| Woodie | 359.02 | 362.26 | 369.20 | 372.44 | 379.38 | 382.62 | 389.56 |
| Fibonacci | 361.64 | 365.53 | 367.94 | 371.82 | 375.71 | 378.12 | 382.00 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 346.95 | 352.98 | 363.63 | 369.66 | 380.31 | 386.34 | 396.99 |
| Camarilla | 369.70 | 371.23 | 372.76 | 374.29 | 375.82 | 377.35 | 378.88 |
| Woodie | 349.27 | 354.14 | 365.95 | 370.82 | 382.63 | 387.50 | 399.31 |
| Fibonacci | 352.98 | 359.35 | 363.29 | 369.66 | 376.03 | 379.97 | 386.34 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 243.15 | 268.72 | 318.11 | 343.68 | 393.07 | 418.64 | 468.03 |
| Camarilla | 346.89 | 353.76 | 360.63 | 367.50 | 374.37 | 381.24 | 388.11 |
| Woodie | 255.06 | 274.68 | 330.02 | 349.64 | 404.98 | 424.60 | 479.94 |
| Fibonacci | 268.72 | 297.36 | 315.05 | 343.68 | 372.32 | 390.01 | 418.64 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 62.17 | |
| MACD (12,26,9): | 1.9900 | |
| Directional Movement: | 11.12 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 374.29 | |
| Parabolic SAR (0,02-0,02-0,2): | 370.72 | |
| Elder Ray (13): | 3.29 | |
| Super Trend (3,10): | 365.94 | |
| Zig ZAG (10): | 373.97 | |
| VORTEX (21): | 1.1200 | |
| Stochastique (14,3,5): | 77.31 | |
| TEMA (21): | 373.65 | |
| Williams %R (14): | -31.39 | |
| Chande Momentum Oscillator (20): | 5.48 | |
| Repulse (5,40,3): | -0.6000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0700 | |
| Courbe Coppock: | 1.84 |
| MA7: | 371.10 | |
| MA20: | 343.10 | |
| MA50: | 323.70 | |
| MA100: | 312.92 | |
| MAexp7: | 373.66 | |
| MAexp20: | 371.74 | |
| MAexp50: | 365.71 | |
| MAexp100: | 354.03 | |
| Price / MA7: | +0.71% | |
| Price / MA20: | +8.93% | |
| Price / MA50: | +15.46% | |
| Price / MA100: | +19.44% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | +0.54% | |
| Price / MAexp50: | +2.20% | |
| Price / MAexp100: | +5.57% |
Quotes :
-
15 min delayed data
-
NASDAQ Stocks
News
The latest news and videos published on SYNOPSYS INC. at the time of the analysis were as follows:
- Synopsys Announces Earnings Release Date for Third Quarter Fiscal Year 2022
- Synopsys Delivers Higher Productivity and Quality for Advanced-Node 5G/6G SoCs on Samsung Foundry's Low-Power Process
- Synopsys and Arm Strengthen Partnership to Advance Next-Gen Mobile SoCs for Arm's Total Compute Solutions
- Synopsys Completes Acquisition of WhiteHat Security
- Synopsys Boosts 5G SoC Development Productivity with New RF Design Flow for TSMC N6RF Process
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis SYNOPSYS INC. - 1H