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Stock Trend Analysis Report

Prepared for you on Wednesday, March 22, 2023.

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.

Open High Low CDNS Price Change
207.70 208.58 204.49 207.72 +0.65
Entry Signal

MarketClub’s Trade Triangles for CDNS

long term up The long-term trend has been UP since Dec 1st, 2022 at 175.970

intermediate term up The intermediate-term trend has been UP since Jan 9th, 2023 at 165.765

short term up The short-term trend has been UP since Mar 14th, 2023 at 201.970

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).

Smart Scan Analysis for CDNS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
207.70 208.58 204.49 207.72 +0.65
Prev. Close Volume Bid Ask Time
207.88 1485984 2023-03-21 15:59:38
Year High47.4Year High Date2018-08-31
Year Low35.49Year Low Date2018-04-02
52wk High209.552wk High Date2023-03-17
52wk Low132.31552wk Low Date2022-05-12
Year End Close13.51Average Volume2,028,742
Shares Outstanding546,810Short Interest26,515,632
% Institutional100Market Cap18,341M
P/E Ratio67.0129Beta1.56
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