CDNS
Cadence Design·NASDAQ
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6.43 / 10
Outperform
Technically, CDNS scores 6.43/10 with a bullish bias. Dominant signals include MACD Death Cross (7.84/10) and Long Lower Shadow (7.17/10), while MACD Golden Cross is absent (4.6/10). The recent indicator mix suggests volatility but with more bullish than bearish influences, aligning with a positive trend. Candlestick patterns such as Marubozu White (6.12/10) add to the optimism. Overall, the technical picture supports cautious accumulation.
Analysis Checks(3/4)
Long Lower Shadow
Score7.17/10
Win Rate71.43%
Hist. Signals7
Avg Return-0.12%
Score7.17/10
Win Rate71.43%
Hist. Signals7
Avg Return-0.12%
MACD Golden Cross
Score4.6/10
Win Rate50.00%
Hist. Signals12
Avg Return2.18%
Score4.6/10
Win Rate50.00%
Hist. Signals12
Avg Return2.18%
MACD Death Cross
Score7.84/10
Win Rate70.00%
Hist. Signals10
Avg Return1.01%
Score7.84/10
Win Rate70.00%
Hist. Signals10
Avg Return1.01%
Marubozu White
Score6.12/10
Win Rate60.00%
Hist. Signals10
Avg Return0.58%
Score6.12/10
Win Rate60.00%
Hist. Signals10
Avg Return0.58%
Long Lower Shadow
Score7.17/10
Win Rate71.43%
Hist. Signals7
Avg Return-0.12%
Score7.17/10
Win Rate71.43%
Hist. Signals7
Avg Return-0.12%
MACD Death Cross
Score7.84/10
Win Rate70.00%
Hist. Signals10
Avg Return1.01%
Score7.84/10
Win Rate70.00%
Hist. Signals10
Avg Return1.01%
MACD Golden Cross
Score4.6/10
Win Rate50.00%
Hist. Signals12
Avg Return2.18%
Score4.6/10
Win Rate50.00%
Hist. Signals12
Avg Return2.18%
Marubozu White
Score6.12/10
Win Rate60.00%
Hist. Signals10
Avg Return0.58%
Score6.12/10
Win Rate60.00%
Hist. Signals10
Avg Return0.58%
Technical Analysis of CDNS?
- CDNS presents a Outperform setup with a Technical Score of 6.43/10. Key technical indicators highlight an RSI of 38.22 and a MACD of -8.50, with the trend anchored by the 50-Day SMA at 314.38. Traders should monitor key support at 265.38 and resistance at 275.65.
