SYNOPSYS INC.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	SNPS
ISIN:

SYNOPSYS INC. - 1H - Technical analysis published on 10/29/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 510.71 USD

My targets

545.38 USD (+3.35%)

550.59 USD (+4.33%)

My analysis

The bullish trend is currently very strong on SYNOPSYS INC.. As long as the price remains above the support at 510.71 USD, you could try to benefit from the boom. The first bullish objective is located at 545.38 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 550.59 USD as an objective. Crossing it would then enable buyers to target 566.39 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.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

7.9

Comment on the analysis

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.

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Additional analysis

Quotes

The SYNOPSYS INC. price is 527.72 USD. The price registered an increase of +6.36% on the session and was traded between 509.35 USD and 528.42 USD over the period. The price is currently at +3.61% from its lowest and -0.13% from its highest.

509.35

528.42

527.72

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of SYNOPSYS INC. in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 82.14% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 16 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	494.81	510.71	525.49	527.72	545.38	550.59	566.39
Change (%)	-6.24%	-3.22%	-0.42%	-	+3.35%	+4.33%	+7.33%
Change	-32.91	-17.01	-2.23	-	+17.66	+22.87	+38.67
Level	Major	Major	Minor	-	Intermediate	Intermediate	Intermediate

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	485.68	490.79	493.49	498.60	501.30	506.41	509.11
Camarilla	494.03	494.75	495.46	496.18	496.90	497.61	498.33
Woodie	484.47	490.19	492.28	498.00	500.09	505.81	507.90
Fibonacci	490.79	493.78	495.62	498.60	501.59	503.43	506.41

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	472.86	481.31	491.45	499.90	510.04	518.49	528.63
Camarilla	496.47	498.17	499.88	501.58	503.28	504.99	506.69
Woodie	473.70	481.73	492.29	500.32	510.88	518.91	529.47
Fibonacci	481.31	488.42	492.80	499.90	507.01	511.39	518.49

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	399.47	428.50	467.44	496.47	535.41	564.44	603.38
Camarilla	487.70	493.93	500.16	506.39	512.62	518.85	525.08
Woodie	404.44	430.98	472.41	498.95	540.38	566.92	608.35
Fibonacci	428.50	454.46	470.50	496.47	522.43	538.47	564.44

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	75.27
MACD (12,26,9):	5.3300
Directional Movement:	32.11
AROON (14):	28.57
DEMA (21):	513.00
Parabolic SAR (0,02-0,02-0,2):	498.36
Elder Ray (13):	16.69
Super Trend (3,10):	511.35
Zig ZAG (10):	527.02
VORTEX (21):	1.1700
Stochastique (14,3,5):	97.07
TEMA (21):	518.92
Williams %R (14):	-3.41
Chande Momentum Oscillator (20):	23.94
Repulse (5,40,3):	1.6100
ROCnROLL:	1
TRIX (15,9):	0.0600
Courbe Coppock:	5.06

MA7:	503.06
MA20:	510.17
MA50:	507.33
MA100:	539.70
MAexp7:	516.70
MAexp20:	507.72
MAexp50:	505.45
MAexp100:	506.88
Price / MA7:	+4.90%
Price / MA20:	+3.44%
Price / MA50:	+4.02%
Price / MA100:	-2.22%
Price / MAexp7:	+2.13%
Price / MAexp20:	+3.94%
Price / MAexp50:	+4.41%
Price / MAexp100:	+4.11%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

Don't forget to follow the news on SYNOPSYS INC.. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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