US stock / ETF

Cadence Design Systems, Inc.

CDNS · NASDAQ · USD

1 dayBullish92%
Daily Upside probability 92%Bullish

CDNS 1D chart

EMA21EMA50Bollinger
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Market View

Market Shift

Daily: EMA8/21/50 are in bullish alignment

Confirmation Trigger

Hold above $305.19 and reclaim $361.91.

Invalidation Trigger

Lose $305.19 and MACD turns lower again.

Market Context

Trend PhaseBullish
Constructive Trend

Price is above EMA21

Daily
Momentum StateBullish
Momentum improving

RSI 53.3, MACD 0.441

Daily
Volatility EnvironmentRange
Medium volatility

ATR is $13.87 (4.16%)

Daily

EMA Structure

Bullish
EMA 8$329.38Bullish
EMA 21$328.33Bullish
EMA 50$327.68Bullish

Signals

CategoryReadStrength
Momentum
RSI 53.3 · MACD 0.441

Neutral zone

Strength
Bullish
Volatility
ATR $13.87 · BB 11.51%

Medium volatility

Strength
Range
Volume
MFI 70.3 · OBV 2.26%

Relative to 20-period average volume

Strength
Bullish
Price Levels
$305.19 - $361.91

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+12.74% · 3.1 ATR above latest close

$375.78
Nearest resistance

+8.58% · 2.1 ATR above · 34-bar high

$361.91
Current price

Price shown is delayed

$333.32
Nearest support

-8.44% · 2.0 ATR below · 34-bar low

$305.19
Deeper support zone

-12.6% · 3.0 ATR below latest close

$291.31
ATR zone

Latest close ± ATR14

$319.45 - $347.19

Indicators

Trend

Dow Theory Structure

Confirmation $339.65, invalidation $306.93

uptrend · HH/HLBullish
ADX / +DI / -DI (14)

Trend strength is moderate

18.6 / 28.7 / 26.8Bullish
Supertrend (10,3)

Price is above Supertrend

$294.11Bullish
Ichimoku Cloud

Cloud Span A / Span B

$326.95 / $317.49Bullish
Donchian Channel (20)

20-period breakout channel position

65%Range

Volatility

ATR (14)

Medium volatility

$13.87 (4.16%)Range
Bollinger Bands (20,2)

Width 11.51%

68%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$351.94 / $304.82Range
ATR channel lower / upper

Current Volatility Envelope

$319.45 / $347.19Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$361.91Range
Support

Nearest Downside Decision Level

$305.19Range

Momentum

RSI (14)

Neutral zone

53.3Range
MACD (12,26,9)

Histogram is positive

0.441Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

63.0 / 60.4Bullish
Williams %R (14)

Neutral zone

-37.0Range
CCI (20)

Balanced zone

42.8Range
TD Sequential

Setup is not extreme

sell 5Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

70.3Bullish
OBV slope

20-period OBV slope

2.26%Bullish
Volume ratio

Relative to 20-period average volume

0.91xRange

Trend

Dow Theory Structure

Confirmation $339.65, invalidation $306.93

uptrend · HH/HLBullish
ADX / +DI / -DI (14)

Trend strength is moderate

18.6 / 28.7 / 26.8Bullish
Supertrend (10,3)

Price is above Supertrend

$294.11Bullish
Ichimoku Cloud

Cloud Span A / Span B

$326.95 / $317.49Bullish
Donchian Channel (20)

20-period breakout channel position

65%Range

Momentum

RSI (14)

Neutral zone

53.3Range
MACD (12,26,9)

Histogram is positive

0.441Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

63.0 / 60.4Bullish
Williams %R (14)

Neutral zone

-37.0Range
CCI (20)

Balanced zone

42.8Range
TD Sequential

Setup is not extreme

sell 5Bearish

Volatility

ATR (14)

Medium volatility

$13.87 (4.16%)Range
Bollinger Bands (20,2)

Width 11.51%

68%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$351.94 / $304.82Range
ATR channel lower / upper

Current Volatility Envelope

$319.45 / $347.19Range

Volume / Money Flow

MFI (14)

Money flow is strong

70.3Bullish
OBV slope

20-period OBV slope

2.26%Bullish
Volume ratio

Relative to 20-period average volume

0.91xRange

Levels / Risk

Resistance

Nearest Upside Decision Level

$361.91Range
Support

Nearest Downside Decision Level

$305.19Range

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