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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.
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MarketClub’s Trade Triangles for CDNS
The long-term trend has been UP since Nov 4th, 2024 at 290.20
The intermediate-term trend has been DOWN since Dec 18th, 2024 at 300.25
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).
| 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 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 | 1,389,811 |
| 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 | 80.21 | Beta | 1.56 |
| Volatility | 54.61 |