When the Price of Ansys ANSS Talks, People Listen

October 02, 2022, 17:15 pm ET, BY Simon M.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Ansys (NASDAQ: ANSS) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for ANSS can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports. 

Longer Term Trading Plans for ANSS

• Buy ANSS slightly over 188.51 target 225.08 stop loss @ 187.97 Details

The technical summary data tells us to buy ANSS near 188.51 with an upside target of 225.08. This data also tells us to set a stop loss @ 187.97 to protect against excessive loss in case the stock begins to move against the trade. 188.51 is the first level of support below 221.7 , and by rule, any test of support is a buy signal. In this case, support 188.51 would be being tested, so a buy signal would exist.

• Short ANSS slightly under 225.08, target 188.51, stop loss @ 225.73 Details

The technical summary data is suggesting a short of ANSS as it gets near 225.08 with a downside target of 188.51. We should have a stop loss in place at 225.73though. 225.08 is the first level of resistance above 221.7, and by rule, any test of resistance is a short signal. In this case, if resistance 225.08 is being tested, so a short signal would exist.

Swing Trading Plans for ANSS

• Buy ANSS slightly over 225.08, target 227.27, Stop Loss @ 224.43 Details

If 225.08 begins to break higher, the technical summary data tells us to buy ANSS just slightly over 225.08, with an upside target of 227.27. The data also tells us to set a stop loss @ 224.43 in case the stock turns against the trade. 225.08 is the first level of resistance above 221.7, and by rule, any break above resistance is a buy signal. In this case, 225.08, 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 225.08, target 220.42, Stop Loss @ 225.73. Details

The technical summary data is suggesting a short of ANSS if it tests 225.08 with a downside target of 220.42. We should have a stop loss in place at 225.73 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, 225.08, 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 224.00, target 225.08, Stop Loss @ 223.48 Details

If 224.00 begins to break higher, the technical summary data tells us to buy ANSS just slightly over 224.00, with an upside target of 225.08. The data also tells us to set a stop loss @ 223.48 in case the stock turns against the trade. 224.00 is the first level of resistance above 221.7, and by rule, any break above resistance is a buy signal. In this case, 224.00, 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 224.00, target 220.42, Stop Loss @ 224.52. Details

The technical summary data is suggesting a short of ANSS if it tests 224.00 with a downside target of 220.42. We should have a stop loss in place at 224.52 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, 224.00, 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 02:

Term →	Near	Mid	Long
Rating	Weak	Weak	Weak
P1	0	0	188.51
P2	224.00	220.42	225.08
P3	228.74	227.27	260.07

Support and Resistance Plot Chart for ANSS

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