Trading Ansys $ANSS With Integrated Risk Controls
April 03, 2023, 21:15 pm ET, BY Jesse F.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ANSS
- Buy ANSS slightly over 269.18 target n/a stop loss @ 268.4. Details
The technical summary data tells us to buy ANSS near 269.18, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 268.4 to protect against excessive loss in case the stock begins to move against the trade. 269.18 is the first level of support below 329.4, and by rule, any test of support is a buy signal. In this case, if support 269.18 is being tested, a buy signal would exist.
- NONE . Details
NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.
Swing Trading Plans for ANSS
- Buy ANSS slightly over 330.58, target n/a, Stop Loss @ 329.63 Details
If 330.58 begins to break higher, the technical summary data tells us to buy ANSS just slightly over 330.58, with an upside target of n/a. The data also tells us to set a stop loss @ 329.63 in case the stock turns against the trade. 330.58 is the first level of resistance above 329.4, and by rule, any break above resistance is a buy signal. In this case, 330.58, 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 slightly near 330.58, target 323.01, Stop Loss @ 331.53. Details
The technical summary data is suggesting a short of ANSS if it tests 330.58 with a downside target of 323.01. We should have a stop loss in place at 331.53 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, 330.58, 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 329.63, target 330.58, Stop Loss @ 328.86 Details
If 329.63 begins to break higher, the technical summary data tells us to buy ANSS just slightly over 329.63, with an upside target of 330.58. The data also tells us to set a stop loss @ 328.86 in case the stock turns against the trade. 329.63 is the first level of resistance above 329.4, and by rule, any break above resistance is a buy signal. In this case, 329.63, 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 slightly near 329.63, target 323.01, Stop Loss @ 330.4. Details
The technical summary data is suggesting a short of ANSS if it tests 329.63 with a downside target of 323.01. We should have a stop loss in place at 330.4 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, 329.63, 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.
Check the time stamp on this data. Updated AI-Generated Signals for Ansys (ANSS) available here: ANSS.
ANSS Ratings for April 03:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Weak |
| P1 |
0 |
0 |
206.12 |
| P2 |
329.63 |
323.01 |
237.61 |
| P3 |
334.23 |
330.58 |
269.18 |
AI Generated Signals for ANSS
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for ANSS:
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