Learn to Evaluate Synopsys ($SNPS) using the Charts
October 10, 2023, 16:30 pm ET, BY Simon M.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for SNPS
- Buy SNPS slightly over 469.99 target 497.48 stop loss @ 468.63 Details
The technical summary data tells us to buy SNPS near 469.99 with an upside target of 497.48. This data also tells us to set a stop loss @ 468.63 to protect against excessive loss in case the stock begins to move against the trade. 469.99 is the first level of support below 490.11 , and by rule, any test of support is a buy signal. In this case, support 469.99 is being tested, a buy signal would exist.
- Short SNPS slightly under 497.48, target 469.99, stop loss @ 498.92 Details
The technical summary data is suggesting a short of SNPS as it gets near 497.48 with a downside target of 469.99. We should have a stop loss in place at 498.92though. 497.48 is the first level of resistance above 490.11, and by rule, any test of resistance is a short signal. In this case, if resistance 497.48 is being tested, a short signal would exist.
Swing Trading Plans for SNPS
- Buy SNPS slightly over 497.48, target n/a, Stop Loss @ 496.04 Details
If 497.48 begins to break higher, the technical summary data tells us to buy SNPS just slightly over 497.48, with an upside target of n/a. The data also tells us to set a stop loss @ 496.04 in case the stock turns against the trade. 497.48 is the first level of resistance above 490.11, and by rule, any break above resistance is a buy signal. In this case, 497.48, 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 SNPS slightly near 497.48, target 487.38, Stop Loss @ 498.92. Details
The technical summary data is suggesting a short of SNPS if it tests 497.48 with a downside target of 487.38. We should have a stop loss in place at 498.92 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, 497.48, 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 SNPS
- Buy SNPS slightly over 495.12, target 497.48, Stop Loss @ 493.96 Details
If 495.12 begins to break higher, the technical summary data tells us to buy SNPS just slightly over 495.12, with an upside target of 497.48. The data also tells us to set a stop loss @ 493.96 in case the stock turns against the trade. 495.12 is the first level of resistance above 490.11, and by rule, any break above resistance is a buy signal. In this case, 495.12, 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 SNPS slightly near 495.12, target 487.38, Stop Loss @ 496.28. Details
The technical summary data is suggesting a short of SNPS if it tests 495.12 with a downside target of 487.38. We should have a stop loss in place at 496.28 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, 495.12, 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 Synopsys (SNPS) available here: SNPS.
SNPS Ratings for October 10:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Strong |
| P1 |
0 |
0 |
443.47 |
| P2 |
483.99 |
469.81 |
469.99 |
| P3 |
495.12 |
487.38 |
497.48 |
AI Generated Signals for SNPS
Blue = Current Price
Red= Resistance
Green = Support
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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 Synopsys (NASDAQ: SNPS) report below can help you understand how to do this. The trading plans for SNPS, 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.
Fundamental Charts for SNPS:
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