NASDAQ:CDNS - Nasdaq - US1273871087 - Common Stock - Currency: USD
Overall CDNS gets a technical rating of 8 out of 10. Although CDNS is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although CDNS has an excellent technical rating, it does not offer a high quality setup 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.
281.65
3 important support areas can be observed.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
Indicator | Value | Signal | Comment |
---|---|---|---|
ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for CDNS is up. |
ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CDNS is up. |
ChartMill Relative Strength | 77.38 | POSITIVE | CDNS has a high relative strength, it outperformed 77.38% off all stocks on the market. |
Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CDNS is above the rising SMA(20). |
Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CDNS is above the rising SMA(50). |
Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CDNS is above the rising SMA(200). |
Relative Strength Index/RSI (14) | 61.35 | NEUTRAL | The RSI value for CDNS is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests CDNS has a positive trend. |
Stochastics (14,3) | 72.53 | NEUTRAL | The Stochastics value for CDNS is a neutral value. |
Average True Range in percent/ATR (20) | 2.3 | MEDIUM VOLATILITY | The ATR as a percentage value for CDNS suggests some volalility. |
Average Directional Index/ADX (14) | 25.87 | POSITIVE | The high ADX value value for CDNS suggests a strong trend. |
NASDAQ:CDNS (7/25/2025, 2:45:03 PM)
334.445
+9.81 (+3.02%)