Learn to Evaluate Ansys (ANSS) using the Charts

Source: Stock Traders Daily

Longer Term Trading Plans for ANSS
  • NONE. Details
  • There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
    This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.

  • Short ANSS under 251.91, target n/a, stop loss @ 252.64 Details
  • The technical summary data is suggesting a short of ANSS as it gets near 251.91, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 252.64. 251.91 is the first level of resistance above 246.54, and by rule, any test of resistance is a short signal. In this case, if resistance 251.91 is being tested, so a short signal would exist.

Swing Trading Plans for ANSS
  • Buy ANSS over 251.91, target 298.69, Stop Loss @ 251.18 Details
  • If 251.91 begins to break higher, the technical summary data tells us to buy ANSS just over 251.91, with an upside target of 298.69. The data also tells us to set a stop loss @ 251.18 in case the stock turns against the trade. 251.91 is the first level of resistance above 246.54, and by rule, any break above resistance is a buy signal. In this case, 251.91, 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 251.91, target 235.69, Stop Loss @ 252.64. Details
  • The technical summary data is suggesting a short of ANSS if it tests 251.91 with a downside target of 235.69. We should have a stop loss in place at 252.64 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, 251.91, 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 over 251.91, target 298.69, Stop Loss @ 251.32 Details
  • If 251.91 begins to break higher, the technical summary data tells us to buy ANSS just over 251.91, with an upside target of 298.69. The data also tells us to set a stop loss @ 251.32 in case the stock turns against the trade. 251.91 is the first level of resistance above 246.54, and by rule, any break above resistance is a buy signal. In this case, 251.91, 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 251.91, target 243.49, Stop Loss @ 252.5. Details
  • The technical summary data is suggesting a short of ANSS if it tests 251.91 with a downside target of 243.49. We should have a stop loss in place at 252.5 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, 251.91, 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 Technical Summary | Raw Data for the Trading Plans

Term →Near Mid Long
Bias Weak Neutral Weak
P1 0 0 251.91
P2 235.08 218.77 298.69
P3 243.49 235.69 346.44

ANSS Long Term Analysis for June 23 2022


ANSS Swing Trading Analysis for June 23 2022


ANSS Day Trading Analysis for June 23 2022

When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet.  However, if we pay close attention we can see what is going on, and make good decisions.. The  Ansys (NASDAQ: ANSS) report below can help you understand how to do this. The trading plans for ANSS, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.

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