What is the Market's View on ANSYS, Inc. (ANSS) Stock's Price and Volume Trends Wednesday?

ANSYS, Inc. (ANSS) stock is up 0.32% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

ANSYS, Inc. has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on ANSS!

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What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With ANSS Stock Today?

ANSYS, Inc. (ANSS) stock is trading at $232.93 as of 1:03 PM on Wednesday, Oct 5, a drop of -$0.28, or -0.12% from the previous closing price of $233.21. Volume today is less active than usual. So far 217,025 shares have traded compared to average volume of 524,563 shares. The stock has traded between $227.77 and $233.11 so far today. To screen for more stocks like ANSYS, Inc. click here.

More About ANSYS, Inc.

Ansys is an engineering software company that provides simulation capabilities for structural, fluids, semiconductor power, embedded software, optical, and electromagnetic properties. Ansys employs over 4,000 people and serves over 50,000 customers globally, including those in aerospace defense and automotive. Click Here to get the full Stock Report for ANSYS, Inc. stock.