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Stock Trend Analysis Report
Prepared for you on Saturday, May 4, 2024.
Cadence Design Systems, Inc. (NASDAQ:CDNS)
Bear Market Rally (-75) - CDNS is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CDNS as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid CDNS?
MarketClub looks at technical strength and momentum to determine if the timing is right for CDNS.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for CDNS
The long-term trend has been DOWN since May 1st, 2024 at 273.4900
The intermediate-term trend has been DOWN since Apr 15th, 2024 at 303.0129
The short-term trend has been UP since May 3rd, 2024 at 282.8400
Smart Scan Analysis for CDNS
Based on our trend formula, CDNS is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 280.390 | 284.315 | 279.340 | 281.690 | +5.250 |
| Prev. Close | Volume | Bid | Ask | Time |
| 281.630 | 1092695 | 2024-05-03 15:59:52 |
| Year High | 47.4 | Year High Date | 2018-08-31 |
| Year Low | 35.49 | Year Low Date | 2018-04-02 |
| 52wk High | 327.355 | 52wk High Date | 2024-03-21 |
| 52wk Low | 198.92 | 52wk Low Date | 2023-05-15 |
| Year End Close | 13.51 | Average Volume | 1,840,329 |
| Shares Outstanding | 544,818 | Short Interest | 26,515,632 |
| % Institutional | 100 | Market Cap | 18,341M |
| Assets | 572,213,000M | Liabilities | 215,453,400M |
| P/E Ratio | 71.9896 | Beta | 1.56 |
| Volatility | 54.61 |