Cadence Design (CDNS) Technical Analysis: Signals, Charts & Indicators

6.30 / 10

Outperform

The technical side scores 6.3/10, deemed Outperform. Bullish signals such as Piercing Pattern, MACD Death Cross, Long Lower Shadow and MACD Golden Cross dominate, offset only by a weak Bullish Engulfing, yielding a cautiously optimistic outlook.

Analysis Checks(4/5)

Long Lower Shadow

Score7.81/10

Win Rate80.00%

Hist. Signals5

Avg Return1.29%

MACD Death Cross

Score8.04/10

Win Rate80.00%

Hist. Signals10

Avg Return1.41%

MACD Golden Cross

Score6.05/10

Win Rate54.55%

Hist. Signals11

Avg Return2.64%

Piercing Pattern

Score7.59/10

Win Rate100.00%

Hist. Signals1

Avg Return1.11%

Bullish Engulfing

Score2.01/10

Win Rate37.50%

Hist. Signals8

Avg Return0.31%

Technical Analysis of CDNS?

CDNS presents a Outperform setup with a Technical Score of 6.30/10. Key technical indicators highlight an RSI of 43.29 and a MACD of -1.27, with the trend anchored by the 50-Day SMA at 298.44. Traders should monitor key support at 286.44 and resistance at 298.94.