CDNS NEWS why is Cadence Design Systems, Inc. price falling or rising

CDNS NEWS reasons for why stock price of Cadence Design Systems, Inc. is falling or rising

CDNS Cadence Design is falling or rising technical reasons

Technical analysis forecast for Cadence Design Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Cadence Design CDNS at this time. Stock is falling and might fall more.

It appears as if Cadence Design CDNS gave a large move recently.

Stock of Cadence Design (CDNS) is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

My analysis of Cadence Design is bearish for shortterm, and stock might move down till 308.6 or till 303. Use a stoploss of 313.23 and if the stock hits stoploss, then it can shoot up till 317.9

CDNS Cadence Design is falling or rising NEWS fundamental reasons

More announcements and NEWS

CDNS Cadence Design Systems, Inc. current price & indicator signals

Moving Averages for Cadence Design Systems, Inc.

  • 5Day Average: 315.38
  • 12Day Average: 315.77
  • 20Day Average: 314.92
  • 50Day Average: 302.62
  • 100Day Average: 302.26
  • 150Day Average: 296.02
  • 200Day Average: 285.97

CDNS Indicators & signals

Indicator MACD (12,26,9)

314.77, 311.69, 4.11
Indicator MACD is in positive zone

Indicator ADX (14)

4.2, 18.67, 17.17
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 60
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of CDNS Cadence Design Systems, Inc. are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
16 Tue Jul 2024 311.73 310.10 to 317.54 -1.24% 1.28 times
15 Mon Jul 2024 315.63 313.23 to 317.00 -0.01% 1.04 times
12 Fri Jul 2024 315.67 311.25 to 319.46 0.51% 1.06 times
11 Thu Jul 2024 314.07 313.90 to 321.68 -1.79% 1.32 times
10 Wed Jul 2024 319.80 313.91 to 320.34 1.44% 1.18 times
09 Tue Jul 2024 315.26 313.43 to 319.89 -0.66% 0.79 times
08 Mon Jul 2024 317.36 317.00 to 322.00 -1.17% 0.97 times
05 Fri Jul 2024 321.11 313.60 to 322.28 1.79% 1.08 times
03 Wed Jul 2024 315.47 314.64 to 318.83 0% 0.65 times
03 Wed Jul 2024 315.47 314.64 to 318.83 -0.41% 0.65 times
02 Tue Jul 2024 316.78 310.98 to 317.28 1.88% 1.28 times
01 Mon Jul 2024 310.92 304.12 to 311.98 1.03% 1.28 times

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CDNS NEWS why is Cadence Design Systems, Inc. price falling or rising

 

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