317.71 USD
-1.18 (-0.37%)
318 USD
+0.29 (+0.09%)
We assign a technical rating of 1 out of 10 to CDNS. CDNS scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, CDNS is a bad performer in the overall market: 65% of all stocks are doing better.
CDNS is part of the Software industry. There are 276 other stocks in this industry. CDNS outperforms 70% of them.
CDNS has an average volume of 1763990 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
CDNS is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CDNS is lagging the market.
In the last month CDNS has a been trading in the 306.83 - 341.31 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
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 support zone below the current price at 316.99, a Stop Loss order could be placed below this zone.
More info and screens
290.62
374.74
We found 3 important support areas.
- A support zone ranging from 311.05 to 316.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 300.57 to 300.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @293.56 from a horizontal line in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 323.57 to 323.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @330.49 from a trend line in the daily time frame.
- A resistance zone ranging from 337.54 to 338.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @371.03 from a horizontal line in the daily time frame.
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 | DOWN | NEGATIVE | The long term trend for CDNS is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CDNS is neutral. |
| ChartMill Relative Strength | 35.26 | NEUTRAL | CDNS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CDNS is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CDNS is below a declining 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) | 45.87 | NEUTRAL | The RSI value for CDNS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.5 | NEGATIVE | The MACD value suggests CDNS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 23.64 | NEUTRAL | The Stochastics value for CDNS is a neutral value. |
| Average True Range in percent/ATR (20) | 2.27 | MEDIUM VOLATILITY | The ATR as a percentage value for CDNS suggests some volalility. |
| Average Directional Index/ADX (14) | 16.62 | NEGATIVE | The low ADX value for CDNS suggests a weak or negative trend. |
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)
317.71
-1.18 (-0.37%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-0.37%
1 Week0.89%
2 Weeks-1.7%
1 Month1.88%
3 Month-8.51%
6 Month-2.78%
12 Month4.56%
2 Year16.65%
3 Year97.78%
5 Year132.87%
10 Year1426.72%
15 Year3746.37%
Volatility
ATR(14)6.54
ATR(20)%2.27%
ATR Inc-44.56%
Range Today5.1
ADR(20)7.03
ADR(20)%2.21%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS35.26
3 months CRS25.59
6 months CRS30.97
Mansfield-0.76
10 Day High327.77
10 Day Low310.94
20 Day High341.31
20 Day Low306.83
52 Week High376.45
52 Week Low221.56
CS1 End316.99
CR1 Start323.57
Volume & EV
DER(3)1.94%
DER(5)1.59%
Volume990.90K
Volume Incr-55.4%
Vol(5)781.86K
Vol(50)1.76M
CADENCE DESIGN SYS INC / CDNS FAQ
What is the ChartMill technical rating of CADENCE DESIGN SYS INC (CDNS) stock?
ChartMill assigns a technical rating of 1 / 10 to CDNS.
What is the current trend direction of CADENCE DESIGN SYS INC (CDNS) stock?
The current trend direction for CADENCE DESIGN SYS INC (CDNS) is Bearish.
What is the RSI signal for CDNS stock?
CADENCE DESIGN SYS INC (CDNS) has an RSI value of 45.867. This indicates that the stock is currently neutral.
What is the MACD signal for CADENCE DESIGN SYS INC (CDNS) stock?
The MACD indicator for CADENCE DESIGN SYS INC (CDNS) has a value of -0.499887, indicating a bearish trend.
What is the short term momentum for CDNS stock?
The short term momentum for CADENCE DESIGN SYS INC (CDNS) is neutral.