Synopsys (SNPS) is a "provider of electronic design automation (EDA) software and associated services. The company's product portfolio comprises application security, semiconductor IP, verification, design and silicon engineering".
I have no idea what's behind all this technology, but the charts are simple enough for me to understand.
In this daily bar chart of SNPS, below, I can see that prices soared about $100 last month. This stock needs to "catch its breath" and trade sideways for a while. SNPS trades above the rising 50-day moving average line and above the rising 200-day line.
The On-Balance-Volume (OBV) line is on the move to the upside and helps to support the bullish case. The Moving Average Convergence Divergence (MACD) oscillator is bullish.