Ansys ANSS Trading Report

October 18, 2021, 11:15 am ET, BY Tom S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Technically, Ansys (NASDAQ: ANSS) provides opportunities for traders who are watching the price of the stock oscillate over time.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for ANSS change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if ANSS is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for ANSS too.  All of these are offered below the Summary Table.

Longer Term Trading Plans for ANSS

• Buy ANSS slightly over 336.26 target 360.71 stop loss @ 335.29 Details

The technical summary data tells us to buy ANSS near 336.26 with an upside target of 360.71. This data also tells us to set a stop loss @ 335.29 to protect against excessive loss in case the stock begins to move against the trade. 336.26 is the first level of support below 357.795 , and by rule, any test of support is a buy signal. In this case, support 336.26 would be being tested, so a buy signal would exist.

• Short ANSS under 360.71, target 336.26, stop loss @ 361.75 Details

The technical summary data is suggesting a short of ANSS as it gets near 360.71 with a downside target of 336.26. We should have a stop loss in place at 361.75though. 360.71 is the first level of resistance above 357.795, and by rule, any test of resistance is a short signal. In this case, if resistance 360.71 is being tested, so a short signal would exist.

Swing Trading Plans for ANSS

• Buy ANSS slightly over 360.01, target 360.71, Stop Loss @ 358.97 Details

If 360.01 begins to break higher, the technical summary data tells us to buy ANSS just slightly over 360.01, with an upside target of 360.71. The data also tells us to set a stop loss @ 358.97 in case the stock turns against the trade. 360.01 is the first level of resistance above 357.795, and by rule, any break above resistance is a buy signal. In this case, 360.01, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short ANSS near 360.01, target 350.71, Stop Loss @ 361.05. Details

The technical summary data is suggesting a short of ANSS if it tests 360.01 with a downside target of 350.71. We should have a stop loss in place at 361.05 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 360.01, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for ANSS

• Buy ANSS slightly over 360.01, target 360.71, Stop Loss @ 359.17 Details

If 360.01 begins to break higher, the technical summary data tells us to buy ANSS just slightly over 360.01, with an upside target of 360.71. The data also tells us to set a stop loss @ 359.17 in case the stock turns against the trade. 360.01 is the first level of resistance above 357.795, and by rule, any break above resistance is a buy signal. In this case, 360.01, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short ANSS near 360.01, target 355.64, Stop Loss @ 360.85. Details

The technical summary data is suggesting a short of ANSS if it tests 360.01 with a downside target of 355.64. We should have a stop loss in place at 360.85 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 360.01, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

ANSS Ratings for October 18:

Term →	Near	Mid	Long
Rating	Neutral	Weak	Neutral
P1	0	0	336.26
P2	355.64	350.71	360.71
P3	361.96	360.01	385.58

Support and Resistance Plot Chart for ANSS

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