CADENCE DESIGN SYS INC (CDNS) Stock Technical Analysis
NASDAQ:CDNS - Nasdaq - US1273871087 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to CDNS. CDNS has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
CDNS is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so CDNS slightly outperforms the market at the moment.
In the last month CDNS has a been trading in the 221.56 - 304.70 range, which is quite wide. It is currently trading near the high of this range.
CDNS has an average volume of 2524170 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 75% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
CDNS is part of the Software industry. There are 281 other stocks in this industry, CDNS did better than 67% of them.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
CDNS has an average technical rating and it also 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.
More info and screens
231.13
329.78
2 important support areas can be observed.
- A support zone ranging from 271.48 to 272.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 233.46 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 322.74 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
CRS75.59
Mansfield0.72
10 Day High304.7
10 Day Low247.7
20 Day High304.7
20 Day Low221.56
52 Week High328.99
52 Week Low221.56
Performance
1 Week6.37%
2 Weeks15.61%
1 Month13.13%
3 Month0.71%
6 Month6.25%
12 Month6.43%
2 Year29.8%
3 Year94.97%
5 Year228.33%
10 Year1414.55%
15 Year4373.58%
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)4.94
RSI(14)66.18
LBB239.4
UBB308.57
299.73
+1.99 (+0.67%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg0.67%
1 Week6.37%
2 Weeks15.61%
1 Month13.13%
3 Month0.71%
6 Month6.25%
12 Month6.43%
2 Year29.8%
3 Year94.97%
5 Year228.33%
10 Year1414.55%
15 Year4373.58%
Volatility
ATR(14)10.46
ATR(20)%4.66%
ATR Inc-42.88%
Range Today5.29
ADR(20)11.79
ADR(20)%3.93%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.59
Mansfield0.72
10 Day High304.7
10 Day Low247.7
20 Day High304.7
20 Day Low221.56
52 Week High328.99
52 Week Low221.56
CS1 End272.7
CR1 Start322.74
Volume & EV
DER(3)0.99%
DER(5)0.29%
Volume2.30M
Volume Incr31.3%
Vol(5)2.94M
Vol(50)2.52M