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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.
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MarketClub’s Trade Triangles for CDNS
The long-term trend has been UP since Aug 2nd, 2021 at 148.115
The intermediate-term trend has been DOWN since Sep 20th, 2021 at 162.070
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).
| 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 High | 47.4 | Year High Date | 2018-08-31 |
| Year Low | 35.49 | Year Low Date | 2018-04-02 |
| 52wk High | 168.61 | 52wk High Date | 2021-09-10 |
| 52wk Low | 105.93 | 52wk Low Date | 2020-10-28 |
| Year End Close | 13.51 | Average Volume | 1,024,694 |
| Shares Outstanding | 276,780 | Short Interest | 26,515,632 |
| % Institutional | 100 | Market Cap | 18,341M |
| Assets | 412,254,800M | Liabilities | 160,580,500M |
| P/E Ratio | 64.107 | Beta | 1.56 |
| Volatility | 54.61 |