The monthly NASDAQ composite cycle bottomed last week. There may be a minor pullback next month, but the overall uptrend is intact. Most NASDAQ stocks are very overbought, but there are still some stocks that are reasonably positioned.
ANSYS develops and markets engineering simulation software and services for engineers, designers, and researchers. The stock is likely to move higher. We can see that the share price is in a three-year triangle. A breakout from this formation would likely propel the stock to $400 or more in 2025. Note that this has already begun in the weekly graph. Relative strength firmed up last autumn. Monthly, momentum has begun to turn up at the zero level. This is one of the few NASDAQ stocks that are not excessively overbought. The monthly histogram shows a weak January followed by higher prices into April. The monthly price cycle rises into March. In fact, from January 30th to June 3rd, price has risen by about 71% of the time by almost 8%.
1-ANSYS Daily, Weekly, Monthly
2-ANSYS Monthly Histogram
3-ANSYS Monthly Cycle
KLA engages in the design, manufacture, and marketing of process control, process-enabling, and yield management solutions for the semiconductor and electronics industries. The stock has formed a base since October unlike many NASDAQ stocks that came down hard in December.
Note the monthly cycle. It moves higher in an erratic range through 2025. Price is likely moving up into the $850-$900 range over the next quarter and higher later in the year.
4-KLA Daily, Weekly, Monthly
5- KLA Monthly Cycle