Synopsys Plunges 2.69% Amid Bearish Sentiment

On April 4, 2025, Synopsys experienced a 2.69% drop in pre-market trading, indicating a bearish sentiment among investors.

Synopsys has been facing a challenging period, with its stock price falling by 4.74% on April 3, 2025. The stock has shown a downward trend over the past 10 days, with a total decline of 7.16%. This trend is supported by technical indicators, which suggest a further decline of 18.62% over the next three months. The stock is currently trading within a wide and falling trend, with resistance levels at $436.45 and $456.50. The Moving Average Convergence Divergence (MACD) indicates a buy signal, but other technical indicators, such as the short and long-term moving averages, suggest a sell signal.

Analysts have downgraded Synopsys to a "Sell Candidate" due to its weak technical outlook. The stock has received a consensus rating of "Moderate Buy," but the recent price action and technical indicators suggest a more cautious approach. The stock is currently oversold, with a 52-week low of $404.0777 per share. Despite the oversold condition, the overall sentiment remains bearish, with analysts predicting a further decline in the stock price.