Learn to Evaluate (SNPS) using the Charts

March 10, 2024, 01:36 am ET, BY Rolland S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for SNPS

• Buy SNPS slightly over 561.67 target 598.77 stop loss @ 560.05 Details

The technical summary data tells us to buy SNPS near 561.67 with an upside target of 598.77. This data also tells us to set a stop loss @ 560.05 to protect against excessive loss in case the stock begins to move against the trade. 561.67 is the first level of support below 571.29 , and by rule, any test of support is a buy signal. In this case, support 561.67 is being tested, a buy signal would exist.

• Short SNPS slightly under 598.77, target 561.67, stop loss @ 600.5 Details

The technical summary data is suggesting a short of SNPS as it gets near 598.77 with a downside target of 561.67. We should have a stop loss in place at 600.5though. 598.77 is the first level of resistance above 571.29, and by rule, any test of resistance is a short signal. In this case, if resistance 598.77 is being tested, a short signal would exist.

Swing Trading Plans for SNPS

• Buy SNPS slightly over 589.89, target 598.77, Stop Loss @ 588.19 Details

If 589.89 begins to break higher, the technical summary data tells us to buy SNPS just slightly over 589.89, with an upside target of 598.77. The data also tells us to set a stop loss @ 588.19 in case the stock turns against the trade. 589.89 is the first level of resistance above 571.29, and by rule, any break above resistance is a buy signal. In this case, 589.89, 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 589.89, target 568.48, Stop Loss @ 591.59. Details

The technical summary data is suggesting a short of SNPS if it tests 589.89 with a downside target of 568.48. We should have a stop loss in place at 591.59 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, 589.89, 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 585.11, target 589.89, Stop Loss @ 583.74 Details

If 585.11 begins to break higher, the technical summary data tells us to buy SNPS just slightly over 585.11, with an upside target of 589.89. The data also tells us to set a stop loss @ 583.74 in case the stock turns against the trade. 585.11 is the first level of resistance above 571.29, and by rule, any break above resistance is a buy signal. In this case, 585.11, 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 585.11, target 568.48, Stop Loss @ 586.48. Details

The technical summary data is suggesting a short of SNPS if it tests 585.11 with a downside target of 568.48. We should have a stop loss in place at 586.48 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, 585.11, 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 Inc. (SNPS) available here: SNPS.

SNPS Ratings for March 10:

Term →	Near	Mid	Long
Rating	Weak	Strong	Strong
P1	0	0	525.54
P2	564.33	568.48	561.67
P3	585.11	589.89	598.77

AI Generated Signals for SNPS

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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 Inc. (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.