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Stock Trend Analysis Report

Prepared for you on Tuesday, January 21, 2025.

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.

NASDAQ_CDNS
Open High Low CDNS Price Change
305.87 307.05 302.61 305.58 +6.68
Entry Signal

MarketClub’s Trade Triangles for CDNS

long term up The long-term trend has been UP since Nov 4th, 2024 at 290.20

intermediate term down The intermediate-term trend has been DOWN since Dec 18th, 2024 at 300.25

short term up The short-term trend has been UP since Jan 15th, 2025 at 302.72

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).

+75
Smart Scan Analysis for CDNS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
305.87 307.05 302.61 305.58 +6.68
Prev. Close Volume Bid Ask Time
305.60 1221416 2025-01-17 15:59:48
Year High47.4Year High Date2018-08-31
Year Low35.49Year Low Date2018-04-02
52wk High328.9952wk High Date2024-06-20
52wk Low241.2952wk Low Date2024-08-05
Year End Close13.51Average Volume1,389,811
Shares Outstanding548,083Short Interest26,515,632
% Institutional100Market Cap18,341M
Assets916,703,100MLiabilities460,369,300M
P/E Ratio80.21Beta1.56
Volatility54.61
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