CDNS Technical Signal Analysis
CDNS have 2 buy signals and 3 sell signals now. The current trend is consolidation starting from 2025-02-27. The total price change during this trend is -3.76%. Recently, the price has increased but the volume has decreased, indicating a potential warning signal. The average turnover of CDNS over last 5 trading day is $626,677,266.87
2 Bullish Signal
3 Bearish Signal
Name
Signal
Value
Meaning
Stochastic Oscillator %K (14, 3, 3)
STOCHk_14_3_3 < 20
11.94
Bullish
Moving Average
Price crosses above 5-day SMA
--
Bullish
Name
Signal
Value
Meaning
Awesome Oscillator (5, 34)
AO_5_34 < 0
-38.16
Bearish
Momentum (10 days)
MOM_10 < 0
-14.72
Bearish
Moving Average Convergence Divergence (12, 26, 9)
MACD_12_26_9 < 0
-15.23
Bearish
2 Bullish Signal
Name
Signal
Value
Meaning
Stochastic Oscillator %K (14, 3, 3)
STOCHk_14_3_3 < 20
11.94
Bullish
Moving Average
Price crosses above 5-day SMA
--
Bullish
CDNS Support and Resistance Level
The support levels for CDNS are at 232.73, 226.16, and 215.53, while the resistance levels are at 253.99, 260.56, and 271.19. With the current stock price at 242.27, it is leaning more toward the support levels.
CDNS Technical Analysis
Technical Analysis of CDNS Stock
Price Overview:
- Current Price: 242.5317
- Close: 243.21
- Open: 241.76
- High: 245.075
- Low: 233.78
- Volume: 2,405,998
Technical Indicators:
- RSI (6, 12, 14): 26.60, 28.15, 29.35 (Oversold)
- Stochastic Oscillator (%K, %D): 14.85, 12.89 (Oversold)
- MACD: -15.20 (Bearish)
- Bollinger Bands: Upper - 341.05, Lower - 195.61 (Near Lower Band)
Moving Averages:
- SMA 5: 242.82
- SMA 10: 246.89
- SMA 20: 268.33
- SMA 60: 292.00
- SMA 200: 286.86
Fibonacci Levels:
- R1: 258.64
- R2: 265.41
- S1: 236.72
- S2: 229.94
- Pivot: 247.68
Analysis:
The stock is technically oversold with bearish momentum, but strong buy ratings and a high target price suggest potential upside.
Recommendation: Buy at the current price of 242.53.
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always consult a financial advisor before making investment decisions.
CDNS FAQs
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Is CDNS a buy based on overall technical signals summary?
CDNS Buy or Sell
CDNS has 2 buy signals and 3 sell signals now. Overall the technical rating for CDNS is Neutral.
Neutral
Sell
3
Buy
2
CDNS Moving Average
This analysis outlines the stock's performance across different time frames using Simple Moving Averages (SMA). In the swing, the stock shows a positive trend with the 242.27 above the SMA_5. In the short term, the stock shows a negative trend with the 238.76 below the SMA_20. In the mid term, the stock shows a negative trend with the 258.24 below the SMA_60. In the long term, the stock shows a positive trend with the 288.43 above the SMA_200.
Swing
Positive
Stock Price Above SMA_5
Short Term
Negative
SMA_5 Below SMA_20
Mid Term
Negative
SMA_20 Below SMA_60
Long Term
Positive
SMA_60 Above SMA_200
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What do technical indicators suggest about CDNS's current trend?What are CDNS's key support and resistance levels?