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Stock Trend Analysis Report

Prepared for you on Saturday, May 25, 2024.

Cadence Design Systems, Inc. (NASDAQ:CDNS)

Crossroads (+60) - CDNS is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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.

NASDAQ_CDNS
Open High Low CDNS Price Change
293.70 297.68 291.03 294.35 -0.34
Entry Signal

MarketClub’s Trade Triangles for CDNS

long term down The long-term trend has been DOWN since May 1st, 2024 at 273.49

intermediate term up The intermediate-term trend has been UP since May 15th, 2024 at 290.54

short term up The short-term trend has been UP since May 15th, 2024 at 290.54

Smart Scan Analysis for CDNS

Based on our trend formula, CDNS is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for CDNS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
293.70 297.68 291.03 294.35 -0.34
Prev. Close Volume Bid Ask Time
294.28 741909 2024-05-24 15:59:57
Year High47.4Year High Date2018-08-31
Year Low35.49Year Low Date2018-04-02
52wk High327.35552wk High Date2024-03-21
52wk Low208.552wk Low Date2023-05-25
Year End Close13.51Average Volume1,363,930
Shares Outstanding544,818Short Interest26,515,632
% Institutional100Market Cap18,341M
Assets572,213,000MLiabilities215,453,400M
P/E Ratio76.7422Beta1.56
Volatility54.61
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