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Stock Trend Analysis Report

Prepared for you on Wednesday, April 21, 2021.

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.

Open High Low CDNS Price Change
141.41 141.92 139.82 141.42 +0.48
Entry Signal

MarketClub’s Trade Triangles for CDNS

long term up The long-term trend has been UP since Apr 17th, 2020 at 80.40

intermediate term up The intermediate-term trend has been UP since Mar 29th, 2021 at 132.74

short term down The short-term trend has been DOWN since Apr 19th, 2021 at 143.99

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).

Smart Scan Analysis for CDNS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
141.41 141.92 139.82 141.42 +0.48
Prev. Close Volume Bid Ask Time
140.94 1401325 2021-04-21 15:59:59
Year High47.4Year High Date2018-08-31
Year Low35.49Year Low Date2018-04-02
52wk High149.0852wk High Date2021-02-16
52wk Low73.3552wk Low Date2020-04-21
Year End Close13.51Average Volume1,593,520
Shares Outstanding278,974Short Interest26,515,632
% Institutional100Market Cap18,341M
P/E Ratio66.7962Beta1.56
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