Taking everything into account, CDNS scores 0 out of 10 in our technical rating. CDNS's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 80% of all other stocks performed better in the past year than CDNS.
- In the last month CDNS has a been trading in the 262.75 - 328.64 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- CDNS is part of the Software industry. There are 278 other stocks in this industry. CDNS outperforms 77% of them.
- CDNS has an average volume of 1895590 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.
The technical rating of CDNS is bad and it also does not present a 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
279.57
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 308.07 to 314.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 321.56 to 325.42. This zone is formed by a combination of multiple trend lines 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 | DOWN | NEGATIVE | The short term trend for CDNS is down. |
| ChartMill Relative Strength | 20.56 | NEGATIVE | CDNS has a low relative strength, it was outperformed by 79.44% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CDNS is below a declining 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 | MIXED | The current price of CDNS is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 27.65 | OVERSOLD | The low RSI value suggests CDNS may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -5.3 | NEGATIVE | The MACD value suggests CDNS has a negative trend. |
| Stochastics (14,3) | 11.24 | OVERSOLD | The low Stochastics value suggests CDNS may be oversold. |
| Average True Range in percent/ATR (20) | 4.26 | MEDIUM VOLATILITY | The ATR as a percentage value for CDNS suggests some volalility. |
| Average Directional Index/ADX (14) | 21.63 | NEUTRAL | The ADX value for CDNS suggests a possible start of a new trend. |
NASDAQ:CDNS (2/6/2026, 12:30:02 PM)
282.39
+12.25 (+4.53%)
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 0 / 10 to CDNS.
What is the trend direction for CDNS stock?
The current trend direction for CADENCE DESIGN SYS INC (CDNS) is Bearish.
Can you provide the RSI signal for CADENCE DESIGN SYS INC?
CADENCE DESIGN SYS INC (CDNS) has an RSI value of 27.6481. This indicates that the stock is currently oversold.
Can you provide the short term momentum for CADENCE DESIGN SYS INC?
The short term momentum for CADENCE DESIGN SYS INC (CDNS) is negative.
Can you provide the buy/sell signal for CADENCE DESIGN SYS INC?
The buy/sell signal for CADENCE DESIGN SYS INC (CDNS) is sell as both the short term and long term trends are negative.