Synopsys stock: buy or sell?

SNPS stock price: $230.02 1.11% At close on Dec 1st, 2020

Updated on:
Dec 1st, 2020

1

Synopsys stock brief

  • Synopsys stock inched 1.11% to close at $230.02 on the stock market today, after 4 consecutive sessions in green.
  • 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?

In the current situation of Synopsys there is not any eligible buy setup. This doesn't mean we expect a selloff for $SNPS in coming sessions, or that it may not climb higher. Simply, it doesn't match our recommended trading systems

Should I sell Synopsys stock?

Do you know when is it time to sell Synopsys?. In the same way as when we have to buy shares, choosing when is appropiate to sell is not a random decision, and we must follow our own trading style. When selling, as well as buying, our setups are very easy to follow but are only applicable for selling shares in your porfolio, not for shorting $SNPS stock

A guiding principle is that you should not keep a trade that shows a higher than expected losses at the time of purchase. The moment to sell your stock always has to be determined by the stop-loss (automatic or manual)

Is it time to sell Synopsys stock?

Currently, Synopsys stock doesn't match any of our preferred sell setups, so if you own Synopsys stock and your operation is in profit probably is not time to sell now

Synopsys ratings

In the last month, just one rating was published for Synopsys

Synopsys analysts' ratings - Last 30 days
Brokerage firmRating
Nov 12th, 2020
DA Davidson BuyStrong buy

Synopsys stock analysis

SMAs overview

SNPS stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $230.12 (0.04% above)
  • R2: $232.74 (1.18% above)
  • R3: $246.69 (7.25% above)
  • The current supports are:

  • S1: $212.21 (-7.74% below)
  • S2: $211.20 (-8.18% below)
  • S3: $204.90 (-10.92% below)
  • Bollinger bands

    SNPS stock Bollinger Bands chart

    Relative strength index

    When the fluctuates for so long below 70 and above 30, without showing moments of overbought and oversold, the indicator loses its usefulness, and we are currently in one of these cases.

    SNPS stock RSI chart

    Synopsys stock price history

    Synopsys started trading on Feb 26th, 1992 priced at $7.13 per share1. Since then, SNPS stock surged by 3,126.09%, with an average of 111.65% per year. An investment of thousand dollars at that time would be valued $32,260.87 today.

    1: Adjusted price after possible price splits or reverse-splits

    SNPS stock price history chart

    Price target for Synopsys stock

    Nobody can predict how much a stock will be priced in the future. Banks and financial organisations publish their analysis predicting how a particular stock will performance in the future.

    The following table shows the price target posted by analysts in the last month. Again, these targets are not direct recommendations for small investors and must not be followed blindly.

    There is just one price target issued for Synopsys that forecasts a price of $260.00.

    Synopsys stock price predictions
    Brokerage firmPrice target
    Nov 12th, 2020
    DA Davidson $230.00$260.00

    Earnings and financials

    Synopsys ($SNPS) is hosting the earnings call on Wednesday. Forecasted for this quarter is $1.57, compared to $1.74 that was reported for Q3. Revenues projections for are $10.3 billion.

    Stocks releasing financial report usually show a much higher volatility in price action during after-hours trading and the session after. This extended trading range in price means that your stop-loss orders may become ineffective or may trigger far from your aimed price. You can probably find more information about the earnings conference call and the earnings reports on the Investor Relations section of its website: http://www.synopsys.com.

    Last August, Synopsys ($SNPS) had the investors event and posted the report. The company reported EPS that strongly surpassed analysts' expectations. Quarterly EPS was $1.74 per share compared to the forecasted $1.35.

    This compares to Earnings of $1.18 per share a year ago, so current EPS is a gain of 47.46%.

    Synopsys competitors

    Synopsys is classified inside the Technology sector and the Software—Infrastructure industry, which contain 71 industry peers.

    Synopsys biggest competitors are:

    Synopsys competitors
    CompanyMarket capRatingBullish ratings1
    Synopsys ($SNPS) $34.2B Strong buy 1
    Microsoft ($MSFT) $1.6T Buy 2
    Adobe ($ADBE) $222.1B Neutral 0
    Oracle ($ORCL) $173.9B Buy 1
    Square ($SQ) $79.9B Buy 11
    Vmware ($VMW) $59.6B Neutral 1

    1 In the last 30 days.

    Synopsys performance

    To better understand Synopsys stock performance you must compare its gains with other related stocks in same sector or industry.. For Synopsys, the benchmark is made against Microsoft, Adobe, Oracle, Square and Vmware.

    SNPS performance compared
    Company1m3m6m
    Synopsys ($SNPS) 6.70% 1.50% 25.50%
    Microsoft ($MSFT) 6.10% -4.90% 17.90%
    Adobe ($ADBE) 6.20% -10.60% 23.00%
    Oracle ($ORCL) 4.10% 2.20% 11.30%
    Square ($SQ) 26.70% 28.00% 139.70%
    Vmware ($VMW) 8.40% -1.80% -7.90%

    Important note:
    The viewpoints published in this post are personal and not recommendations for you to buy or sell shares. The author of this paper does not know the particular circumstances of the reader, his or her own finances 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 Viewpoints are expressed for learning reasons only

    Synopsys summary

    Tuesday, December 1st, 2020
    Open$226.36
    Close$230.02
    Day range$224.07 - $231.07
    Previous close$227.5
    Session gain1.11%
    Average true range$7.58
    50d mov avg$220.83
    100d mov avg$212.15
    200d mov avg$184.70
    Earnings dateDecember 2nd, 2020

    Frequently asked questions

    What is Synopsys stock symbol?

    Synopsys, Inc. is a public company trading in the US stock market with the SNPS symbol

    Is Synopsys stock a buy or sell?

    Synopsys had one rating in the last four weeks Read the article to get additional tips on trading SNPS stock.

    Will SNPS go up?

    Synopsys had different price predictions issued by market analysts in the last 30 days forecasting the target price to $260.00. That is a 13.03% than the current price ($230.02).