SNPS: Post Collapse Recovery detected on 4 Sep 2026

SNPS surged 13% on August 27 after beating earnings and raising guidance, finishing at $464.89. The post-collapse recovery pattern now trades at $416.31—down 10.45% in one week but recovering from intraday support. With a structure score of 14.4/15 and volume at 12.0/12, the pattern displays solid technical bones. Breakout scoring of 9.65/13 indicates modest upside momentum. The setup sits cleanly between key support at $369.02 and resistance at $464.98, with RSI neutral at 50.32 and volume ratio at 0.88. Overall score of 73.05 with 69.6% win probability suggests viable recovery potential.

Q3 FY2026 revenue reached $2.477 billion, up 42% year-over-year, with full-year guidance raised. EPS of $3.91 beat estimates of $3.47 by 12.68%. AI demand is driving complexity for silicon IP and engineering solutions, with Ansys integration executing on schedule after the transformational acquisition. Baird upgraded SNPS to Outperform with $560 price target. Elliott Management disclosed new position in SNPS as of Q2 2026. Investor Day scheduled September 30 for long-term guidance. Post-earnings pullback reflects profit-taking after massive rally rather than fundamental deterioration.

Successful breakout above $464.98 resistance would validate recovery structure. Conservative target sits at $437.29, implying 5.1% upside from current levels with measured-move confirmation on volume surge above 20-day average (1.66M shares). Recent high of $464.89 serves as near-term resistance. Pattern invalidation occurs below key support at $369.02—a 12.7% decline triggering stop-loss. With 69.6% win probability and favorable structure/volume scores, the setup indicates two-to-one risk-reward lean toward upside.

RSI at 50.32 shows neutral momentum—no overbought condition warning here. Volume ratio of 0.88 signals below-average participation on current pullback; breakout requires volume confirmation exceeding normal flow. Next earnings not until December 9, 2026—three months of pattern execution without new catalyst. Beta of 0.91 provides defensive buffer in tech volatility, but P/E at 73.49 reflects elevated valuation; any macro equity weakness could pressure the recovery. Morgan Stanley lowered price target to $500 from $525 with Equal Weight rating, signaling some analyst caution despite recent upside. Sector remains bullish (0.59 score), but semiconductor/software rotations remain a wildcard.

We scan more than 6,000 NYSE and NASDAQ stocks every trading day and compare each detected pattern against a database of 370,000+ historical detections. Every setup is scored across three dimensions: Structure, Volume, and Breakout Readiness. Win probability is a calibrated estimate of how similar historical setups performed over the following 10 trading days. This is a swing trading tool built for multi-day holds. It is not built or tested for day trading.