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Archive
- 10/16/2026 -
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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 -55.36 points, or -10.86%, and closed at 454.63 on Friday, October 16, 2026. It was the worst weekly loss since July 17, 2026. Weekly volume was 26% above average.
SNPS 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 SNPS long-term trend chart]
A long-term downtrend had started on May 26, 2026 at 539.48 and reached 362.55 on September 15, 2026. SNPS lost 176.93 points, or 32.80%, in 16 weeks. The chart has formed a Descending Triangle chart pattern. The downtrend resistance line (360.61) is broken. A broken support is considered to be a long-term bullish signal. 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 long-term trend.
 Medium-term trend: [See SNPS medium-term trend chart]
A medium-term uptrend had started on September 15, 2026 at 362.55 and reached 512.49 on October 9, 2026. SNPS gained -149.94 points, or -41.36%, in 3 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend support (456.34) 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 medium-term trend.
 Weekly Technical Indicators: [See SNPS weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since September 25, 2026. This is an indication that the medium-term trend is up. 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 October 9, 2026 at 512.49 and reached 448.19 on October 16, 2026. SNPS lost 64.30 points, or 12.55%, in 7 days. The price is now at the 10.02% retracement level.
Daily Technical Indicators: [See SNPS daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). 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.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.
During the last week, the price has declined below 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.
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