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Application Software Industry Stocks Technical Analysis - ANSS

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- 5/2/2025 -
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ANSYS Inc. (ANSS) Technical Analysis

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Summary:
Weekly :Trend support at 332.47
Daily :Williams' Percentage Range is overboughtLane's Stochastic is strongly overbought
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It was a fourth consecutive positive week for the ANSYS Inc. (ANSS). During the week, the ANSS gained 8.06 points, or 2.51%, and closed at 328.76 on Friday, May 2, 2025. Weekly volume was 32% above average.

Long-term trend: [See ANSS long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 194.23 and reached 364.31 on December 29, 2023. ANSS gained -170.08 points, or -87.57%, in 63 weeks. The chart has formed a Rising Wedge chart pattern. The price is near the trend support (332.47) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a long-term trend.

Medium-term trend: [See ANSS medium-term trend chart]
A medium-term downtrend had started on December 4, 2024 at 363.03 and reached 275.10 on April 7, 2025. ANSS lost 87.93 points, or 24.22%, in 17 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 260.80 and resistance is at 355.68. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See ANSS weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since February 14, 2025. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See ANSS short-term trend chart]
A short-term uptrend had started on April 7, 2025 at 275.10 and reached 328.96 on May 2, 2025. ANSS gained -53.86 points, or -19.58%, in 25 days. Price is near the trend high.

Daily Technical Indicators: [See ANSS daily technical indicators chart]
Daily Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range or strongly overbought daily Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.

The daily MACD line is above its signal line since April 15, 2025. This is an indication that the short-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term uptrend is strong.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 78.60
Williams' Percentage Range (W%R) 11.30
Overbought
Lane's Stochastic (%D-Slow) 94.49
Strong Overbought
Greed/Fear Indicator (GFI) 87.26
Overbought
Moving Average Converg./Diverg. (MACD) -1.21
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 37.59
Williams' Percentage Range (W%R) 44.20
Lane's Stochastic (%D-Slow) 39.39
Greed/Fear Indicator (GFI) 47.05
Moving Average Converg./Diverg. (MACD) -2.58
Trading Signals
Description Value Chart
Monthly Trendline Resistance 355.68
Upper Bollinger Band 339.20
Yearly Trendline Support 332.47
Price 328.76
Daily Stochastic Crossing 328.08
50 Day Moving Average 316.86
Parabolic System 308.99
20 Day Moving Average 306.20
Weekly Stochastic Crossing 299.77
Lower Bollinger Band 288.36
Sector and Industry
Description Name Rank
Sector Information Technology 4
Industry Application Software 65
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 275.10
Low Date 04/07/2025
High 328.96
High Date 05/02/2025
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 360.70
High Date 01/23/2025
Low 275.10
Low Date 04/07/2025
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 355.68
Support 260.80
High 363.03
High Date 12/04/2024
Low 275.10
Low Date 04/07/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 289.82
Low Date 08/05/2024
High 363.03
High Date 12/04/2024
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Test Support
Resistance 402.75
Support 332.47
Low 194.23
Low Date 10/13/2022
High 364.31
High Date 12/29/2023
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.