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Stock Trend Analysis Report

Prepared for you on Monday, October 18, 2021.

Cadence Design Systems, Inc. (NASDAQ:CDNS)

Bull Market Weakness (+75) - CDNS is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CDNS as it may be in the beginning stages 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.

Open High Low CDNS Price Change
155.07 157.14 154.46 157.06 +1.28
Entry Signal

MarketClub’s Trade Triangles for CDNS

long term up The long-term trend has been UP since Aug 2nd, 2021 at 148.115

intermediate term down The intermediate-term trend has been DOWN since Sep 20th, 2021 at 162.070

short term up The short-term trend has been UP since Oct 7th, 2021 at 152.140

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).

Smart Scan Analysis for CDNS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
155.07 157.14 154.46 157.06 +1.28
Prev. Close Volume Bid Ask Time
155.78 389951 2021-10-18 14:51:08
Year High47.4Year High Date2018-08-31
Year Low35.49Year Low Date2018-04-02
52wk High168.6152wk High Date2021-09-10
52wk Low105.9352wk Low Date2020-10-28
Year End Close13.51Average Volume1,024,694
Shares Outstanding276,780Short Interest26,515,632
% Institutional100Market Cap18,341M
P/E Ratio64.107Beta1.56
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