Stock Analysis: Synopsys Inc (SNPS)

Stock Analysis for Synopsys Inc (SNPS)

The Interpreter
Hey Friend, I'm analysing SYNOPSYS INC (SNPS), and it is between the Support of $ 548.18 (PivotS2) and the Resistance of $ 561.82 (PivotS1). The stock is also approaching the line of PivotS1 at $ 561.82, and if it goes above this line it could reach the next Resistance of 138.2% of Fibonacci at $ 582.00.

Synopsys Inc (SNPS)

$ 527.50 +2.3%

Last Close 23-Apr-24

Trade SNPS Now

Supports

Next Support: $ 548.18

Pivot S2: $ 548.18
Fibonacci 100%: $ 541.84
Triangle Level (0): $ 494.83

Resistances

Next Resistance: $ 561.82

Pivot S1: $ 561.82
Fibonacci 138.2%: $ 582.00
Triangle Level (0): $ 582.96

Supports and Resistances

Click to Enlarge

Candlesticks, "48-hour" Trade Signals +

Date	Price $	Result %	Candle Name	Side
001 04 Apr 2024	Sell Price: 567.29	Loss: Close Day2 ($ 576.36)	Engulfing	Sell
002 04 Apr 2024	Sell Price: 567.11	Loss: Close Day2 ($ 576.36)	Dark Cloud Cover	Sell
003 18 Mar 2024	Buy Price: 560.63	Profit: Open Day1 ($ 572.18)	Abandoned Baby	Buy
004 08 Mar 2024	Sell Price: 571.29	Profit: Open Day1 ($ 562.99)	Engulfing	Sell
005 12 Feb 2024	Sell Price: 568.93	Profit: Open Day1 ($ 549.07)	Engulfing	Sell
006 11 Jan 2024	Sell Price: 498.46	Profit: Close Day1 ($ 494.40)	Engulfing	Sell
007 19 Dec 2023	Sell Price: 558.18	Profit: Open Day1 ($ 557.27)	Engulfing	Sell
008 19 Dec 2023	Sell Price: 558.65	Profit: Open Day1 ($ 557.27)	Dark Cloud Cover	Sell
009 05 Dec 2023	Buy Price: 535.71	Profit: Open Day1 ($ 538.66)	Piercing Line	Buy
010One Year Average	Both Sides Result for 9 Signals	Profit: $ 30.69 ($ 3.41 / Signal) +5.5% Gross in 1 Year	All of Them	Buy + Sell

Trading Rules for Candlesticks Patterns.

Buy or Sell on the same day of the signal, during the after-hours trading session.
Watch the Opening and Closing of the next 2 days (4 in total).
Immediately exit the Trade when one of them (Open or Close, Day 1 or 2) gives you a profit.
The table above will show the first Profit opportunity, but not in real-time. Therefore, you must watch the market in real-time with your broker.

Remember: The returns an asset made in the past don't mean that future returns will be the same.

Backtest Lab, "Buy The Dip" Trade Signals +

Find The Lastest Buy Signals for SNPS Below.

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The Latest Trade Signals

Moving Averages +

Bought Moving Averages

Sold Moving Averages

Simple Moving Averages (SMA) Period	Value $	Signal	Exponential Moving Averages (EMA) Period	Value $	Signal
2	521.50	BUY	2	523.46	BUY
3	517.90	BUY	3	522.51	BUY
5	520.20	BUY	5	524.76	BUY
8	530.39	SELL	8	530.73	SELL
13	545.17	SELL	13	539.59	SELL
21	556.83	SELL	21	548.48	SELL
34	563.76	SELL	34	554.36	SELL
55	564.61	SELL	55	554.43	SELL
90	549.49	SELL	90	546.26	SELL
200	508.16	BUY	200	509.76	BUY

Company Info +

Name & IPO

Synopsys Inc
IPO: 1992-02-26

Stock Ticker & Exchange

Ticker: SNPSIndices: S&P 500, Nasdaq 100,
Exchange: Nasdaq Nms - Global Market (US - USD)

Contact

Website: https://www.synopsys.com/
Phone:

Stock Type

Common Stock

SIC Office

Technology ()

Industry

Services-prepackaged Software

EIN

Fiscal Year End

State of Inc.

Balance Sheets +

in USD millions (if not decimal) - Dictionary

Income Statement +

in USD millions (if not decimal) - Dictionary

Statements sources
The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.