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Archive
- 2/6/2026 -
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Synopsys (SNPS) Technical Analysis
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| Summary:
| | Weekly :   | | Daily :
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| | It was the negative week for the Synopsys (SNPS). During the week, the SNPS dropped -38.23 points, or -8.22%, and closed at 426.88 on Friday, February 6, 2026. It was the worst weekly loss since November 7, 2025. Weekly volume was 92% above average.
SNPS is a member of Information Technology Sector. Information Technology is the second most oversold sector. SNPS is a member of Application Software Industry. Application Software is the fourth most oversold industry. 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 SNPS long-term trend chart]
A long-term downtrend had started on February 22, 2024 at 629.38 and reached 365.70 on April 7, 2025. SNPS lost 263.68 points, or 41.90%, in 58 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Medium-term trend: [See SNPS medium-term trend chart]
A medium-term uptrend had started on November 18, 2025 at 376.18 and reached 535.20 on January 12, 2026. SNPS gained -159.02 points, or -42.27%, in 7 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (593.09) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. SNPS may retest the broken support line. It is considered to be a resistance 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 support 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 below overbought area. Such crossover is considered a bearish 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 above its signal line since December 19, 2025. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.
 Short-term trend: [See SNPS short-term trend chart]
A short-term downtrend had started on January 12, 2026 at 535.20 and reached 405.71 on February 4, 2026. SNPS lost 129.49 points, or 24.19%, in 23 days. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 389.91 and resistance is at 506.07. 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 short-term trend.
 Daily Technical Indicators: [See SNPS daily technical indicators chart]
Daily Williams' Percentage Range is oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Williams' Percentage Range or strongly oversold daily Lane's Stochastic. Use the following link to access Williams' Percentage Range help.
The daily MACD line is below its signal line since January 16, 2026. This is an indication that the short-term trend is down.
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