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Stock Trend Analysis Report

Prepared for you on Thursday, August 6, 2020.

Cadence Design Systems, Inc (NASDAQ:CDNS)

Strong Uptrend (+100) - CDNS is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, CDNS continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

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
109.260 110.160 108.655 110.000 +0.350
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 30th, 2020 at 67.12

short term up The short-term trend has been UP since Jul 28th, 2020 at 105.89

Smart Scan Analysis for CDNS

Based on our trend formula, CDNS is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+100
Smart Scan Analysis for CDNS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
109.260 110.160 108.655 110.000 +0.350
Prev. Close Volume Bid Ask Time
88.410 461528 2020-08-06 13:55:15
Year High47.4Year High Date2018-08-31
Year Low35.49Year Low Date2018-04-02
52wk High94.182552wk High Date2020-06-10
52wk Low51.3952wk Low Date2020-03-18
Year End Close13.51Average Volume2,062,861
Shares Outstanding279,187Short Interest26,515,632
% Institutional100Market Cap18,341M
Assets376,797,300MLiabilities160,997,900M
P/E Ratio25Beta1.56
Volatility54.61
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