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Stock Trend Analysis Report
Prepared for you on Wednesday, May 8, 2024.
Synopsys, Inc. (NASDAQ:SNPS)
Bull Market Weakness (+75) - SNPS is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SNPS as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid SNPS?
MarketClub looks at technical strength and momentum to determine if the timing is right for SNPS.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for SNPS
The long-term trend has been UP since Dec 1st, 2022 at 342.53
The intermediate-term trend has been DOWN since Apr 11th, 2024 at 555.12
The short-term trend has been UP since May 6th, 2024 at 540.40
Smart Scan Analysis for SNPS
Based on our trend formula, SNPS is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 546.0000 | 552.1775 | 545.3546 | 550.6400 | +1.0300 |
| Prev. Close | Volume | Bid | Ask | Time |
| 549.6100 | 363746 | 2024-05-08 15:59:36 |
| Year High | 103.4 | Year High Date | 2018-09-14 |
| Year Low | 80.13 | Year Low Date | 2018-04-02 |
| 52wk High | 629.38 | 52wk High Date | 2024-02-22 |
| 52wk Low | 365.46 | 52wk Low Date | 2023-05-10 |
| Year End Close | 31.8354 | Average Volume | 949,417 |
| Shares Outstanding | 152,544 | Short Interest | 1,190,955 |
| % Institutional | 90.5 | Market Cap | 20,234M |
| Assets | 105,582,590M | Liabilities | 388,727,500M |
| P/E Ratio | 60.6634 | Beta | 0.59 |
| Volatility | 36.78 |