CADENCE DESIGN SYS INC (CDNS) Stock Technical Analysis
NASDAQ:CDNS - Nasdaq - US1273871087 - Common Stock - Currency: USD
Overall CDNS gets a technical rating of 2 out of 10. In the past year, CDNS was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, CDNS is a bad performer in the overall market: 66% of all stocks are doing better.
In the last month CDNS has a been trading in the 221.56 - 269.71 range, which is quite wide. It is currently trading near the high of this range.
CDNS has an average volume of 2491570 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
CDNS is an average performer in the Software industry, it outperforms 58% of 283 stocks in the same industry.
CDNS is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
CDNS has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 260.42. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 233.96, a Stop Loss order could be placed below this zone.
More info and screens
229.31
327.79
When analyzing the support we notice one important area.
- A support zone ranging from 231.63 to 233.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 260.42 to 264.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @269.12 from a horizontal line in the daily time frame.
- A resistance zone ranging from 322.74 to 324.54. 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
CRS34.39
Mansfield-0.14
10 Day High266.65
10 Day Low221.56
20 Day High269.71
20 Day Low221.56
52 Week High328.99
52 Week Low221.56
Performance
1 Week2.44%
2 Weeks4.54%
1 Month0.67%
3 Month-14.85%
6 Month0.66%
12 Month-7.15%
2 Year24.24%
3 Year72.5%
5 Year220.74%
10 Year1295.28%
15 Year3392.89%
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)1.83
RSI(14)52.18
LBB230.26
UBB276.57
260.22
+0.96 (+0.37%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg0.37%
1 Week2.44%
2 Weeks4.54%
1 Month0.67%
3 Month-14.85%
6 Month0.66%
12 Month-7.15%
2 Year24.24%
3 Year72.5%
5 Year220.74%
10 Year1295.28%
15 Year3392.89%
Volatility
ATR(14)14.39
ATR(20)%4.72%
ATR Inc-46.99%
Range Today5.28
ADR(20)11.08
ADR(20)%4.26%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS34.39
Mansfield-0.14
10 Day High266.65
10 Day Low221.56
20 Day High269.71
20 Day Low221.56
52 Week High328.99
52 Week Low221.56
CS1 End233.96
CR1 Start260.42
Volume & EV
DER(3)0.24%
DER(5)0.36%
Volume1.91M
Volume Incr-29.31%
Vol(5)1.81M
Vol(50)2.49M