Synopsys stock: buy or sell
May 17th, 2021
Synopsys stock brief
- Synopsys closed last Friday at $239.70 after exploding a 3.83%.
- Synopsys is presenting its earnings report on Wednesday
- Synopsys, Inc. provides electronic design automation software products used to design and test integrated circuits.
Should I buy Synopsys stock?
Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $SNPS stock a buy?
Currently, Synopsys stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean $SNPS will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell Synopsys stock?
When you own stock shares with some profit, it's really difficult to decide the correct moment to sell and get your benefits. Trading strategies give us the ability us to avoid impulsive decisions based on our personal sentiments or the buzz surrounding the market. When selling, as well as buying, detailed strategies are very easy to use but are only valid for selling stocks in your porfolio, not for shorting Synopsys stock
As a rule of thumb, you must never hold an open trade that results in higher than expected losses at the time of the buy. The timing to sell your stock always has to be dictated by the stop-loss (automatic or manual)
Is it time to sell Synopsys stock?
In the current situation of Synopsys there is not any eligible sell setup, so Synopsys stock holders with operations in green can keep their positions
In the previous month we couldn't find any rating for Synopsys
Synopsys stock analysis
Supports and resistances
The current resistance levels are:
The current support levels are:
Since the price broke down the lower band last Wednesday, the price rebounded by 5.22%
Relative strength index
The RSI crossed up the oversold level of 30 last March after just being in the oversold zone for a single day (what can be considered a strength signal). The RSI reading last Friday was 46.74. Since then, Synopsys stock skyrocketed a 9.71%
Synopsys stock price history
Synopsys went public priced at an adjusted price1 of $7.13 on Feb 1992. Since then, SNPS stock has risen by 3,261.85%, with an average of 112.48% per year. An investment of thousand dollars on the IPO would have a value of $33,618.51 nowadays.
1: Adjusted price after possible price splits or reverse-splits
Price target for Synopsys stock
How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations publish their analysis forecasting how a particular stock will performance in the future.
The following table shows the price predictions released by analysts in the last month. Again, these targets are not direct recommendations for small investors and must not be trusted blindly.
In the last month we couldn't find any price target published for Synopsys stock.
Earnings and financials
Synopsys ($SNPS) will host the Q2 earnings call on Wednesday. Market analysts analysts forecast of $1.52 and revenues of $988.7 million.
If you hold or you are considering buying Synopsys stock, you must be careful as the financial reporting day usually has a higher than usual volatility, and price can gap up or down with unsually low liquidity and not honouring your buy/stop-loss orders. Check company's website to confirm time and details about the earnings call and the earnings report.
Last February, Synopsys ($SNPS) hosted the financial event and posted the report. Market consensus was right in their estimates for Synopsys's which posted $1.52 per share. In the same way, reported revenues of $970.3 million were in line with consensus predictions.Same quarter one year ago, reported EPS was $1.01, so current EPS is an improvement of 50.50%. Revenue skyrocketed a 16.29% on an annualized basis in the , from $8.3B to $9.7B last quarter.
Disclaimer:The thoughts given in this article are personal and not recommendations for you to buy or sell stocks. The author of this text does not have any knowledge of the specific conditions of the reader, his or her financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are posted for educative motives only
|Friday, May 14th, 2021|
|Day range||$232.84 - $240.76|
|Average true range||$8.62|
|50d mov avg||$243.32|
|100d mov avg||$252.84|
|200d mov avg||$235.27|
|Earnings date||May 19th, 2021|