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Stock Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Cadence Design Systems, Inc. (NASDAQ:CDNS)
Countertrend Up (+85) - CDNS is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 Nov 4th, 2024 at 290.2000
The intermediate-term trend has been UP since Oct 29th, 2024 at 285.0000
The short-term trend has been DOWN since Nov 15th, 2024 at 295.5144
Smart Scan Analysis for CDNS
Based on our trend formula, CDNS is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 291.380 | 300.000 | 290.050 | 299.540 | +5.215 |
| Prev. Close | Volume | Bid | Ask | Time |
| 299.630 | 946700 | 2024-11-19 15:59:36 |
| Year High | 47.4 | Year High Date | 2018-08-31 |
| Year Low | 35.49 | Year Low Date | 2018-04-02 |
| 52wk High | 328.99 | 52wk High Date | 2024-06-20 |
| 52wk Low | 241.29 | 52wk Low Date | 2024-08-05 |
| Year End Close | 13.51 | Average Volume | 2,263,765 |
| Shares Outstanding | 548,083 | Short Interest | 26,515,632 |
| % Institutional | 100 | Market Cap | 18,341M |
| Assets | 916,703,100M | Liabilities | 460,369,300M |
| P/E Ratio | 77.2507 | Beta | 1.56 |
| Volatility | 54.61 |