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Stock Trend Analysis Report

Prepared for you on Friday, September 20, 2019.

Cadence Design Systems, Inc (NASDAQ:CDNS)

Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

Open High Low CDNS Price Change
67.40 68.20 66.01 66.02 -0.90
Entry Signal

MarketClub’s Trade Triangles for CDNS

long term up The long term trend has been UP since Jan 30th, 2019 at 47.035

intermediate term down The intermediate term trend has been DOWN since Aug 2nd, 2019 at 71.100

short term up The short term trend has been UP since Sep 18th, 2019 at 67.470

Smart Scan Analysis for CDNS

Based on a pre-defined weighted trend formula for chart analysis, CDNS scored -55 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
67.40 68.20 66.01 66.02 -0.90
Prev. Close Volume Bid Ask Time
63.99 1622306 2019-09-20 15:59:59
Year High47.4Year High Date2018-08-31
Year Low35.49Year Low Date2018-04-02
52wk High70.4952wk High Date2019-05-03
52wk Low39.0852wk Low Date2018-10-11
Year End Close13.51Average Volume2,137,898
Shares Outstanding571,070Short Interest26,515,632
% Institutional100Market Cap17,983M
P/E Ratio45.7Beta1.56
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