ANSYS Stock Rises 4.04% Extending 9-Day Rally To 9.71% Gain

ANSYS (ANSS) surged 4.04% to close at $367.48 in the latest session, marking its ninth consecutive daily gain with a cumulative 9.71% advance during this upward streak. The stock reached an intraday high of $368.00, demonstrating persistent bullish momentum. We now evaluate the technical posture through multiple frameworks.
Candlestick Theory
The recent price action for ANSYS exhibits a sustained uptrend characterized by a sequence of predominantly green candles with higher highs and higher lows. Notably, the nine-day rally features multiple small-body candles followed by the latest large bullish candle (open $362.11, close $367.48), signaling robust buying pressure. Key resistance emerges near the psychological $370 level, which has capped advances twice since February 2025. Support is visible around $340-$343, aligning with the consolidation zone in early July 2025 and coinciding with the 50-day moving average. The absence of reversal patterns like doji or shooting stars suggests continuation potential, though proximity to all-time highs warrants caution.
Moving Average Theory
Current moving averages confirm a bullish configuration: the 50-day SMA ($341.20), 100-day SMA ($333.15), and 200-day SMA ($326.80) are all ascending with price trading decisively above each. The 50-day recently crossed above the 100-day SMA, reinforcing positive medium-term momentum. Of particular significance is the sustained price gap above the 200-day SMA – tested only once during the May 2025 pullback – which signals a strong long-term uptrend. Golden crosses are intact across timeframes, though the widening distance between price and the 200-day SMA suggests potential mean-reversion risk over the intermediate term.
MACD & KDJ Indicators
The MACD (12,26,9) shows a bullish histogram expansion with the fast line above both signal line and zero, confirming strong momentum. This aligns with the KDJ readings where the %K (88) and %D (85) lines remain in overbought territory (>80) after bullish crosses occurred seven sessions ago. While KDJ overbought conditions typically suggest pullback potential, the persistent elevation during this rally indicates sustained buying pressure. No bearish divergences appear between price highs and oscillator peaks. Caution is warranted should MACD histogram bars begin contracting or KDJ lines cross downward.
Bollinger Bands
Price currently rides the upper Bollinger Band ($365.20 ± 2σ) after bands expanded sharply during the rally, indicating increasing volatility. Historically, such prolonged upper-band tagging suggests overextension, with mean-reversion toward the 20-day SMA ($355.30) statistically probable. The Bollinger Band Width has nearly doubled since late June, confirming volatility breakout conditions. Support lies at the middle band ($355.30) and lower band ($345.40). A close below the upper band could signal consolidation.
Volume-Price Relationship
Recent volume patterns validate the uptrend: accumulation days (e.g., 874k shares on 07/03 vs. 488k on 07/02) outnumber distribution days during the rally. Notable volume surges coincided with key breakout points – particularly the 06/09 advance on 710k shares that breached the $340 resistance. However, the latest session’s higher volume (+79% vs. prior day) paired with a large price gain demonstrates robust participation. No significant negative divergences where price rises on diminishing volume appear, supporting trend sustainability.
Relative Strength Index (RSI)
The 14-day RSI reads 78, firmly in overbought territory (>70). Historically, similar RSI peaks in January and April 2025 preceded minor pullbacks. However, the indicator can remain extended during strong trends, as evidenced by the February 2025 rally where RSI hovered above 70 for seven sessions. Traders should note that while current levels suggest overbought risks, bearish reversal signals require price confirmation. The lack of negative divergence strengthens the current trend’s resilience.
Fibonacci Retracement
Applying Fibonacci to the May 2025 decline (swing high $360.06 on 05/21 to low $319.73 on 06/01), key levels emerge: 23.6% ($329.30), 38.2% ($334.90), and 61.8% ($344.30). The recent consolidation near the 61.8% retracement in late June 2025 provided a springboard for the current advance. Current prices test the 127.2% extension level ($370.50) derived from this swing, creating a confluence resistance zone with the all-time high. Any retracement would find initial support at the 100% extension level ($360.06).
Confluence & Divergence Summary
Confluent bullish signals appear in the alignment of moving averages, MACD momentum, volume confirmation, and Fibonacci breakout patterns. The primary cautionary notes stem from overextended conditions in Bollinger Bands and RSI, though no classical divergences contradict the trend. Traders should monitor the $370 resistance closely, where Fibonacci extensions, psychological resistance, and Bollinger Band extremes converge. A decisive close above $370 could signal continuation toward $385, while failure here may trigger profit-taking toward $355 support.