September 07, 2025 a 11:44 am
SNPS: Fibonacci Analysis - Synopsys, Inc.
Synopsys, Inc., a leader in electronic design automation, has demonstrated strong resilience and innovation in its sector. The stock has experienced fluctuations yet continues to hold a promising position in the market. With recent trends showcasing a resurgence, this technical analysis will provide insights into potential support and resistance levels.
Fibonacci Analysis
Based on the historical data provided, we identify a dominant uptrend starting from a low on 2024-12-23 and reaching a high on 2025-09-05.
| Detail | Information |
|---|---|
| Start Date | 2024-12-23 |
| End Date | 2025-09-05 |
| Low Price (Date) | 492.58 (2024-12-23) |
| High Price (Date) | 598.14 (2025-09-05) |
Fibonacci Retracement Levels:
| Level | Price |
|---|---|
| 0.236 | 519.54 |
| 0.382 | 544.15 |
| 0.5 | 545.36 |
| 0.618 | 548.90 |
| 0.786 | 577.61 |
The current price is 598.14, located beyond the retracement levels, suggesting continuation in the uptrend with potential new support forming near previous resistance levels.
This behavior indicates possible buying interest as the price surpasses these retracement marks, turning such levels into potential support areas.
Conclusion
Synopsys, Inc. is positioned strongly with its tech offerings in electronic design automation. Current analysis shows potential for further upward momentum with new support levels likely forming. Risks include market volatility and sector competition, which may influence stock behavior. For analysts, watching the price action around historical Fibonacci levels can provide insights for making well-informed decisions, with the prevailing uptrend signifying opportunities for potential trends continuation.