Analyze Symbol

Stock Trend Analysis Report

Prepared for you on Monday, December 9, 2019.

Cadence Design Systems, Inc (NASDAQ:CDNS)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with money management stops.

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.

NASDAQ_CDNS
Open High Low CDNS Price Change
66.930 67.290 66.445 66.630 -0.550
Entry Signal

MarketClub’s Trade Triangles for CDNS

long term down The long term trend has been DOWN since Oct 2nd, 2019 at 64.21

intermediate term down The intermediate term trend has been DOWN since Dec 3rd, 2019 at 66.46

short term up The short term trend has been UP since Dec 6th, 2019 at 66.62

Smart Scan Analysis for CDNS

Based on a pre-defined weighted trend formula for chart analysis, CDNS scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for CDNS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
66.930 67.290 66.445 66.630 -0.550
Prev. Close Volume Bid Ask Time
67.180 536531 2019-12-09 12:58:36
Year High47.4Year High Date2018-08-31
Year Low35.49Year Low Date2018-04-02
52wk High77.0852wk High Date2019-07-25
52wk Low40.3152wk Low Date2018-12-24
Year End Close13.51Average Volume1,469,519
Shares Outstanding280,593Short Interest26,515,632
% Institutional100Market Cap18,341M
Assets266,219,800MLiabilities118,193,600M
P/E Ratio44.2Beta1.56
Volatility54.61
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