CADENCE DESIGN SYS INC (CDNS) Stock Technical Analysis
NASDAQ:CDNS - Nasdaq - US1273871087 - Common Stock
Overall CDNS gets a technical rating of 6 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, CDNS is only an average performer.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
CDNS is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CDNS is lagging the market slightly.
In the last month CDNS has a been trading in the 289.00 - 315.55 range, which is quite wide. It is currently trading near the high of this range.
CDNS has an average volume of 1520800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, CDNS did better than 74% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
CDNS is part of the Software industry. There are 285 other stocks in this industry, CDNS did better than 54% of them.
CDNS has an average technical rating and the quality of the presented setup is also not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
244.37
329.78
We found 4 important support areas.
- A support zone ranging from 289.71 to 304.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @260.96 from a trend line in the weekly time frame.
- Support @252.71 from a horizontal line in the weekly time frame.
- Support @246.84 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @313.49 from a horizontal line in the daily time frame.
- A resistance zone ranging from 322.75 to 326.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.34
Mansfield-0.32
10 Day High315.55
10 Day Low289
20 Day High315.55
20 Day Low289
52 Week High328.99
52 Week Low241.29
Performance
1 Week6.31%
2 Weeks2.34%
1 Month3.23%
3 Month20.86%
6 Month20.16%
12 Month6.96%
2 Year70.09%
3 Year104.4%
5 Year331.24%
10 Year1628.57%
15 Year5252.32%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.45
RSI(14)57.63
LBB291.73
UBB310.88
CADENCE DESIGN SYS INC
NASDAQ:CDNS (1/21/2025, 8:00:02 PM)
After market: 312.67 +1.7 (+0.55%)310.97
+5.37 (+1.76%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg1.76%
1 Week6.31%
2 Weeks2.34%
1 Month3.23%
3 Month20.86%
6 Month20.16%
12 Month6.96%
2 Year70.09%
3 Year104.4%
5 Year331.24%
10 Year1628.57%
15 Year5252.32%
Volatility
ATR(14)7.63
ATR(20)%2.37%
ATR Inc3.3%
Range Today7.19
ADR(20)6.6
ADR(20)%2.12%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.34
Mansfield-0.32
10 Day High315.55
10 Day Low289
20 Day High315.55
20 Day Low289
52 Week High328.99
52 Week Low241.29
CS1 End304.32
CR1 Start313.49
Volume & EV
DER(3)0.69%
DER(5)0.49%
Volume1.77M
Volume Incr14.14%
Vol(5)1.57M
Vol(50)1.52M