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ANSYS Inc. (ANSS) |
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| Summary:
| | Weekly : | | Daily :
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| | It was a second positive week after 3 consecutive negative weeks for the ANSYS Inc. (ANSS). During the week, the ANSS gained 13.84 points, or 4.53%, and closed at 319.40 on Friday, May 26, 2023. It was the best weekly gain since March 31, 2023. Weekly volume was -8% below average.
ANSS is a member of Information Technology Sector. Information Technology is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See ANSS long-term trend chart]
A long-term downtrend had started on November 5, 2021 at 413.89 and reached 194.23 on October 13, 2022. ANSS lost 219.66 points, or 53.07%, in 48 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 291.88 and resistance is at 371.66. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.
Medium-term trend: [See ANSS medium-term trend chart]
A medium-term uptrend had started on October 13, 2022 at 194.23 and reached 333.89 on March 31, 2023. ANSS gained -139.66 points, or -71.90%, in 24 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 291.88 and resistance is at 371.66. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending 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 May 12, 2023. The distance between MACD and the signal line is low, but getting bigger. 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 May 4, 2023 at 282.00 and reached 319.98 on May 26, 2023. ANSS gained -37.98 points, or -13.47%, in 22 days. Price is near the trend high.
Daily Technical Indicators: [See ANSS daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since May 17, 2023. This is an indication that the short-term trend is up.
The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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