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Downtrend Broken Resist.Archive
- 10/2/2026 -
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Synopsys (SNPS) Technical Analysis
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| Summary:
| | Weekly :   | | Daily :
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| | It was a second consecutive positive week for the Synopsys (SNPS). During the week, the SNPS gained 64.14 points, or 15.06%, and closed at 489.90 on Friday, October 2, 2026. Weekly volume was 73% above average.
SNPS is a member of Information Technology Sector. Information Technology is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See SNPS long-term trend chart]
A long-term downtrend had started on May 26, 2026 at 539.48 and reached 362.55 on September 15, 2026. SNPS lost 176.93 points, or 32.80%, in 16 weeks. The chart has formed a Descending Triangle chart pattern. The downtrend resistance line (361.46) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. SNPS may retest the broken resistance line. It is considered to be a support line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.
 Medium-term trend: [See SNPS medium-term trend chart]
A medium-term uptrend had started on September 15, 2026 at 362.55 and reached 500.03 on October 2, 2026. SNPS gained -137.48 points, or -37.92%, in 2 weeks. The price is now at the 7.37% retracement level.
 Weekly Technical Indicators: [See SNPS weekly technical indicators chart]
Weekly technical indicators are neutral.
During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. Use the following link to access a MACD help.
Short-term trend: [See SNPS short-term trend chart]
A short-term uptrend had started on September 29, 2026 at 403.33 and reached 500.03 on October 2, 2026. SNPS gained -96.70 points, or -23.98%, in 3 days. The price is now at the 10.48% retracement level.
 Daily Technical Indicators: [See SNPS daily technical indicators chart]
Daily Relative Strength Index is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index or strongly overbought daily Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Daily Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.
The daily MACD line is above its signal line since September 21, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.
The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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