CADENCE DESIGN SYS INC (CDNS) Stock Technical Analysis
NASDAQ:CDNS - Nasdaq - US1273871087 - Common Stock - Currency: USD
Taking everything into account, CDNS scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, CDNS has proven to be a steady performer, scoring decent points in every aspect analyzed.
CDNS has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 321.57. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 317.54, a Stop Loss order could be placed below this zone.
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231.56
When analyzing the support we notice one important area.
- A support zone ranging from 233.90 to 233.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 316.23 to 326.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | 86.91 | POSITIVE | CDNS has a high relative strength, it outperformed 86.91% 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) | 66.99 | NEUTRAL | The RSI value for CDNS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.21 | NEGATIVE | The MACD value suggests CDNS has a negative trend. |
| Stochastics (14,3) | 86.83 | OVERBOUGHT | The high Stochastics value suggests CDNS may be overbought. |
| Average True Range in percent/ATR (20) | 2.58 | MEDIUM VOLATILITY | The ATR as a percentage value for CDNS suggests some volalility. |
| Average Directional Index/ADX (14) | 35.64 | POSITIVE | The high ADX value value for CDNS suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 316.24 | 316.22 | 0.02 (0.01%) | 25.00% |
| An entry @316.24. This is a Buy Stop order right above the 10 day moving average. | An exit @316.22. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.02 points, which is 0.01%. | For a 0.00% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of CDNS. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NASDAQ:CDNS (5/22/2025, 9:45:58 AM)
314.855
-2.69 (-0.85%)