Technical Analysis for CDNS - Cadence Design Systems, Inc.

Grade Last Price % Change Price Change
B 133.0 -0.78% -1.04
CDNS closed down 0.78 percent on Wednesday, June 23, 2021, 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 EOD Trading Signals

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

Date Alert Name Type % Chg
Stochastic Sell Signal Bearish 0.00%
Upper Bollinger Band Walk Strength 0.00%
Overbought Stochastic Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%
Upper Bollinger Band Walk Strength -0.78%
Above Upper BB Strength -0.78%
Overbought Stochastic Strength -0.78%
Upper Bollinger Band Touch Strength -0.78%
Crossed Above 50 DMA Bullish 0.66%
Upper Bollinger Band Walk Strength 0.66%
Older End-of-Day Signals for CDNS ...

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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 Electronics Nasdaq 100 Semiconductor Integrated Circuits Electronic Engineering Printed Circuit Board Transistor Electronic Design Digital Electronics Electronic Design Automation Manufacturing Products Design Solutions Electronics Systems Test Technologies

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 149.08
52 Week Low 91.43
Average Volume 1,563,395
200-Day Moving Average 125.53
50-Day Moving Average 130.21
20-Day Moving Average 128.21
10-Day Moving Average 130.70
Average True Range 3.01
ADX 15.7
+DI 21.65
-DI 19.27
Chandelier Exit (Long, 3 ATRs) 125.91
Chandelier Exit (Short, 3 ATRs) 131.08
Upper Bollinger Bands 134.01
Lower Bollinger Band 122.41
Percent B (%b) 0.91
BandWidth 9.05
MACD Line 1.19
MACD Signal Line 0.27
MACD Histogram 0.9197
Fundamentals Value
Market Cap 37.1 Billion
Num Shares 279 Million
EPS 3.86
Price-to-Earnings (P/E) Ratio 34.48
Price-to-Sales 12.93
Price-to-Book 13.58
PEG Ratio 3.94
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 136.13
Resistance 3 (R3) 136.43 135.69 135.61
Resistance 2 (R2) 135.69 134.90 135.54 135.43
Resistance 1 (R1) 134.35 134.40 133.98 134.04 135.26
Pivot Point 133.61 133.61 133.42 133.46 133.61
Support 1 (S1) 132.26 132.81 131.89 131.96 130.74
Support 2 (S2) 131.52 132.32 131.37 130.57
Support 3 (S3) 130.18 131.52 130.39
Support 4 (S4) 129.87