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Downtrend Broken Resist.Archive
- 9/22/2023 -
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ANSYS Inc. (ANSS) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the ANSYS Inc. (ANSS). During the week, the ANSS dropped -7.81 points, or -2.51%, and closed at 302.91 on Friday, September 22, 2023. Weekly volume was -30% 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 uptrend had started on October 13, 2022 at 194.23 and reached 351.23 on July 19, 2023. ANSS gained -157.00 points, or -80.83%, in 39 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (343.25) 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. ANSS 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 long-term trend.
 Medium-term trend: [See ANSS medium-term trend chart]
A medium-term downtrend had started on July 19, 2023 at 351.23 and reached 287.20 on August 18, 2023. ANSS lost 64.03 points, or 18.23%, in 4 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Weekly Technical Indicators: [See ANSS weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since July 28, 2023. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
Short-term trend: [See ANSS short-term trend chart]
A short-term downtrend had started on September 6, 2023 at 322.06 and reached 300.76 on September 21, 2023. ANSS lost 21.30 points, or 6.61%, in 15 days. The price is now at the 10.09% retracement level.
 Daily Technical Indicators: [See ANSS daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold 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 link to access Williams' Percentage Range help.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
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