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Today, Wednesday 03 July 2024, StockCharts365.com has taken a closer look at an exciting share on the Nasdaq in the USA. A new strong technical buy signal has now been triggered for the share.


[03 July 2024]


Today, Wednesday 03 July 2024, StockCharts365.com has taken a closer look at an exciting share on the Nasdaq in the USA. A new strong technical buy signal has now been triggered for the share. Read more about this in the analysis here today.


 

First, a little about Synopsys Inc. (ticker on Nasdaq: SNPS)


Our Mission Is to Power Innovation Today to Ignite the Ingenuity of Tomorrow

Three major technology trends—artificial intelligence, silicon proliferation, and software-defined systems—are shaping a new era of pervasive intelligence. For years, Synopsys has been a driving force of these trends, delivering the silicon to systems design solutions that have been essential to enabling them.


Synopsys is a valued partner for global silicon to systems design across a wide range of vertical markets, empowering technology innovators everywhere with the industry’s most comprehensive and trusted solutions.


Autonomous machines. Data centers. Billions of smart, connected technologies. The innovations we are powering today are helping to ignite the ingenuity of tomorrow.


  • 35+ years in business

  • $5+ billion annual revenue

  • 19,000+ employees


For more information about the company, visit their website here:




 

Technical Analysis of Synopsys Inc. (ticker on Nasdaq: SNPS)


Technical Analysis of Synopsys Inc. (ticker on Nasdaq: SNPS):


Synopsys (SNPS) shows strong development within both a long-term and short-term rising trend.


A new strong technical buy signal has now been triggered for Synopsys after breaking through a very important technical resistance level around USD 600.00.


There should now be significant technical support for the stock around the USD 600.00 level.


There has been a 'classic' test of the support level here now around USD 600.00, and now the share seems ready for further growth within both the short-term and long-term rising trend.


There is little technical resistance for further upside before around the USD 750.00 level, and up towards the upper trend line of the uptrend.


Based on the technical picture for the share, the potential is assessed to be around USD 750.00 in 1-3 months' time.


What could potentially change the currently very positive technical picture for the Synopsys share would be if the share were to have an established break below USD 590.00.


 

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