Technical Analysis for CDNS - Cadence Design Systems, Inc.

Grade Last Price % Change Price Change
grade A 91.4 0.14% 0.13
CDNS closed up 0.14 percent on Friday, June 5, 2020, on approximately normal volume. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up
Historical CDNS trend table...

Date Alert Name Type % Chg
Pocket Pivot Bullish Swing Setup 0.00%
Doji - Bullish? Reversal 0.00%
Multiple of Ten Bullish Other 0.00%
Overbought Stochastic Strength 0.00%
Stochastic Sell Signal Bearish 0.14%
Slingshot Bullish Bullish Swing Setup 0.14%
Overbought Stochastic Strength 0.14%
New 52 Week Closing High Bullish -1.68%
Pocket Pivot Bullish Swing Setup -1.68%
NR7 Range Contraction -1.68%

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Profile

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.
Manufacturing Electronics Semiconductor Integrated Circuits Electronic Engineering Electronic Design Digital Electronics Electronic Design Automation Manufacturing Products Electronics Systems

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 93.3
52 Week Low 51.39
Average Volume 2,288,677
200-Day Moving Average 70.88
50-Day Moving Average 79.22
20-Day Moving Average 86.49
10-Day Moving Average 89.53
Average True Range 2.84
ADX 24.24
+DI 31.00
-DI 19.58
Chandelier Exit (Long, 3 ATRs ) 84.79
Chandelier Exit (Short, 3 ATRs ) 87.56
Upper Bollinger Band 94.52
Lower Bollinger Band 78.45
Percent B (%b) 0.81
BandWidth 18.58
MACD Line 3.71
MACD Signal Line 3.49
MACD Histogram 0.2252
Fundamentals Value
Market Cap 25.61 Billion
Num Shares 280 Million
EPS 0.86
Price-to-Earnings (P/E) Ratio 106.28
Price-to-Sales 6.40
Price-to-Book 12.58
PEG Ratio 2.68
Dividend 0.00
Dividend Yield 0.00%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 95.84
Resistance 3 (R3) 95.70 94.08 95.10
Resistance 2 (R2) 94.08 92.95 94.15 94.85
Resistance 1 (R1) 92.74 92.25 93.41 92.88 94.61
Pivot Point 91.12 91.12 91.46 91.19 91.12
Support 1 (S1) 89.78 89.99 90.45 89.92 88.19
Support 2 (S2) 88.16 89.29 88.23 87.95
Support 3 (S3) 86.82 88.16 87.70
Support 4 (S4) 86.96