Score 9.1 (out of 10): SYNOPSYS INC poised to seasonally rally by +8% during the next 90 days.

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What’s Going On Here?

Keysight Extends Collaboration with Synopsys to Validate Complex RF and Millimeter Wave Design – this enables customers to rapidly and accurately design wireless chips.

Why Now?

SYNOPSYS INC indicates an interesting 90 days seasonal set up. During similar occasions, SYNOPSYS INC shares had a median return of +8% – based on 9 historical occasions with 9 of those showing positive returns (100%). This buy signal for SYNOPSYS INC received a high score of 9.1 (out of 10). This insight was generated with last price of 385.67.

What’s This Company About?

SYNOPSYS INC is in the Computer Aided Design business. Based on the last 2 years’ risk/return profile, this asset is seen as Less Risky. Ticker symbol: SNPS US.

What’s My Risk / Reward and Time Horizon?

We found 90 days to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 416.65 (+8%) has been reached. Based on SYNOPSYS INC’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 373.57 (last price at 385.67), which is equivalent to a -3.1% decline.

Returns during similar periods:

The chart above shows the previous returns (in %) based on similar setups with the most recent ‘insight’ shown under (1), the second most recent ‘insight’ under (2), etc.

Previous episodes:

14.7% (September-2021), 16.6% (September-2020), 1.6% (September-2019), 11.6% (September-2018), 6.2% (September-2017), 13.7% (September-2016), 6.3% (September-2015), 3.2% (September-2014), 9.8% (September-2013).

Historical Chart:

Summary:

NameSYNOPSYS INC
ViewUp
Star (1 to 10)9.1
Target8%
Time90 days
Hit Rate100%

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