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Stock Trend Analysis Report

Prepared for you on Tuesday, July 5, 2022.

Cadence Design Systems, Inc. (NASDAQ:CDNS)

Strong Downtrend (-100) - CDNS is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, CDNS continues to fall. Traders should use caution and set stops.

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.

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Open High Low CDNS Price Change
148.240 149.385 147.000 148.810 -0.830
Entry Signal

MarketClub’s Trade Triangles for CDNS

long term down The long-term trend has been DOWN since Jan 24th, 2022 at 145.84

intermediate term down The intermediate-term trend has been DOWN since Jun 13th, 2022 at 142.00

short term down The short-term trend has been DOWN since Jun 29th, 2022 at 149.51

Smart Scan Analysis for CDNS

Based on our trend formula, CDNS is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

Smart Scan Analysis for CDNS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
148.240 149.385 147.000 148.810 -0.830
Prev. Close Volume Bid Ask Time
149.640 309266 2022-07-05 10:29:12
Year High47.4Year High Date2018-08-31
Year Low35.49Year Low Date2018-04-02
52wk High192.752wk High Date2021-12-28
52wk Low132.31552wk Low Date2022-05-12
Year End Close13.51Average Volume1,546,449
Shares Outstanding277,336Short Interest26,515,632
% Institutional100Market Cap18,341M
P/E Ratio55.8358Beta1.56
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