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Archive
- 4/17/2026 -
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Synopsys (SNPS) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a first positive week for the Synopsys (SNPS). During the week, the SNPS gained 57.34 points, or 14.62%, and closed at 449.58 on Friday, April 17, 2026. Weekly volume was -15% below average.
 Long-term trend: [See SNPS long-term trend chart]
A long-term downtrend had started on July 30, 2025 at 651.73 and reached 376.18 on November 18, 2025. SNPS lost 275.55 points, or 42.28%, in 15 weeks. The price is now at the 26.64% retracement level.
 Medium-term trend: [See SNPS medium-term trend chart]
A medium-term downtrend had started on January 12, 2026 at 535.20 and reached 379.50 on March 27, 2026. SNPS lost 155.70 points, or 29.09%, in 10 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (372.10) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. SNPS may retest the broken resistance line. It is considered to be a support line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.
 Weekly Technical Indicators: [See SNPS weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. 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 link to access Lane's Stochastic help.
The weekly MACD line is below its signal line since February 13, 2026. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.
 Short-term trend: [See SNPS short-term trend chart]
A short-term uptrend had started on March 27, 2026 at 379.50 and reached 459.02 on April 17, 2026. SNPS gained -79.52 points, or -20.95%, in 21 days. The price is now at the 11.87% retracement level.
 Daily Technical Indicators: [See SNPS daily technical indicators chart]
Daily Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index and Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Use the following links to access Relative Strength Index and Williams' Percentage Range help.
The daily MACD line is above its signal line since April 7, 2026. This is an indication that the short-term trend is up.
During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. 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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