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Archive
- 3/21/2025 -
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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 after 5 consecutive negative weeks for the Synopsys (SNPS). During the week, the SNPS climbed 2.40 points, or 0.54%, and closed at 448.60 on Friday, March 21, 2025. It was the best weekly gain since January 24, 2025. Weekly volume was 50% above average.
SNPS is a member of Information Technology Sector. Information Technology is the most oversold 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 SNPS long-term trend chart]
A long-term downtrend had started on February 22, 2024 at 629.38 and reached 425.70 on March 13, 2025. SNPS lost 203.68 points, or 32.36%, in 55 weeks. The price is now at the 11.24% retracement level.
 Medium-term trend: [See SNPS medium-term trend chart]
A medium-term downtrend had started on January 23, 2025 at 556.30 and reached 425.70 on March 13, 2025. SNPS lost 130.60 points, or 23.48%, in 7 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 411.36 and resistance is at 517.75. 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 SNPS weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly Williams' Percentage Range. 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 weekly MACD line is below its signal line since February 21, 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 SNPS short-term trend chart]
A short-term uptrend had started on March 13, 2025 at 425.70 and reached 460.80 on March 17, 2025. SNPS gained -35.10 points, or -8.25%, in 4 days. The price is now at the 34.76% retracement level.
 Daily Technical Indicators: [See SNPS daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
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