Technical Analysis for CDNS - Cadence Design Systems, Inc.

Grade Last Price % Change Price Change
D 282.41 1.92% 5.33
CDNS closed up 1.92 percent on Friday, April 26, 2024, on 1.4 times normal volume. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Down Down

Date Alert Name Type % Chg
Slingshot Bearish Bearish Swing Setup 0.00%
Stochastic Buy Signal Bullish 0.00%
Lower Bollinger Band Walk Weakness 0.00%
Oversold Stochastic Weakness 0.00%
NR7 Range Contraction 1.92%
Lower Bollinger Band Walk Weakness 1.92%
Down 3 Days in a Row Weakness 1.92%
Gapped Down Weakness 1.92%
Lower Bollinger Band Touch Weakness 1.92%
Oversold Stochastic Weakness 1.92%

   Recent Intraday Alerts

Alert Time
10 DMA Resistance about 14 hours ago
Up 3% about 15 hours ago
Up 1 ATR about 15 hours ago
1.5x Volume Pace about 16 hours ago
Up 2% about 16 hours ago

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Profile

Cadence Design Systems, Inc. Description

Cadence Design Systems, Inc. develops, sells or leases, licenses, and maintains electronic design automation (EDA) software, hardware, verification intellectual property (VIP), and design intellectual property (Design IP) for semiconductor and electronics systems companies worldwide. It offers functional verification products, including logic verification products that enable customers to coordinate verification activities across multiple teams and various specialists for verification planning and closure; system design and verification products for hardware-software verification, as well as for system power exploration, analysis, and optimization; and Design IP products consisting of pre-verified functional blocks to integrate into customer's SoCs to accelerate the development process and to reduce the risk of errors in the design process. The company also provides custom integrated circuits (ICs) design and verification products to create schematic and physical representations of circuits down to the transistor level for analog, mixed-signal, custom digital, memory, and RF designs. In addition, the company provides digital IC design products, such as logic design products for chip planning, design, verification, and test technologies and services; and physical implementation products, which enable customers to create a physical representation of logic models, analyze electrical and physical characteristics of a design, and prepare a design for manufacturing. Further, it offers system interconnect design products to develop printed circuit boards and IC packages; and design for manufacturing products, such as physical verification, manufacturing optimization, and layout analysis products to analyze, optimize, and verify the correctness of construction of physical blueprint of the IC. The company also offers engineering, methodology, education, and hosted design solutions. Cadence Design Systems, Inc. was founded in 1983 and is headquartered in San Jose, California.


Classification

Sector: Technology
Industry: Software - Application
Keywords: S&P 500 Nasdaq 100 Electronics Semiconductor Integrated Circuits IBD 50 Electronic Engineering Printed Circuit Board Transistor Electronic Design Digital Electronics Electronic Design Automation Manufacturing Products Electronics Systems Design Solutions

Is CDNS a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 327.355
52 Week Low 198.97
Average Volume 1,521,021
200-Day Moving Average 266.75
50-Day Moving Average 303.54
20-Day Moving Average 297.64
10-Day Moving Average 286.62
Average True Range 8.16
RSI (14) 37.11
ADX 18.87
+DI 18.37
-DI 27.15
Chandelier Exit (Long, 3 ATRs) 294.88
Chandelier Exit (Short, 3 ATRs) 297.98
Upper Bollinger Bands 323.04
Lower Bollinger Band 272.23
Percent B (%b) 0.2
BandWidth 17.07
MACD Line -7.64
MACD Signal Line -5.11
MACD Histogram -2.5294
Fundamentals Value
Market Cap 76.83 Billion
Num Shares 272 Million
EPS 3.52
Price-to-Earnings (P/E) Ratio 80.23
Price-to-Sales 21.64
Price-to-Book 27.25
PEG Ratio 3.05
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 295.81
Resistance 3 (R3) 296.00 291.72 293.58
Resistance 2 (R2) 291.72 288.30 291.62 292.83
Resistance 1 (R1) 287.06 286.19 289.39 286.88 292.09
Pivot Point 282.78 282.78 283.95 282.69 282.78
Support 1 (S1) 278.13 279.37 280.46 277.94 272.73
Support 2 (S2) 273.85 277.26 273.75 271.99
Support 3 (S3) 269.19 273.85 271.24
Support 4 (S4) 269.01