US stock / ETF

Cadence Design Systems, Inc.

CDNS · NASDAQ · USD

1 hourBullish92%
1h Upside probability 92%Bullish

CDNS 1H chart

EMA21EMA50Bollinger
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Market View

Market Shift

1h: EMA8/21/50 are in bullish alignment

Confirmation Trigger

Hold above $324.35 and reclaim $339.9.

Invalidation Trigger

Lose $324.35 and MACD turns lower again.

Market Context

Trend PhaseBullish
Constructive Trend

Price is above EMA21

1h
Momentum StateBullish
Momentum improving

RSI 56.5, MACD 0.441

1h
Volatility EnvironmentBullish
Low volatility

ATR is $2.68 (0.8%)

1h

EMA Structure

Bullish
EMA 8$330.72Bullish
EMA 21$330.19Bullish
EMA 50$329.26Bullish

Signals

CategoryReadStrength
Momentum
RSI 56.5 · MACD 0.441

Momentum is strong

Strength
Bullish
Volatility
ATR $2.68 · BB 3.38%

Low volatility

Strength
Bullish
Volume
MFI 80.4 · OBV -1.62%

Relative to 20-period average volume

Strength
Range
Price Levels
$324.35 - $339.9

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+2.78% · 3.5 ATR above latest close

$342.58
Nearest resistance

+1.97% · 2.5 ATR above · 34-bar high

$339.9
Current price

Price shown is delayed

$333.32
Nearest support

-2.69% · 3.4 ATR below · 34-bar low

$324.35
Deeper support zone

-3.49% · 4.4 ATR below latest close

$321.67
ATR zone

Latest close ± ATR14

$330.64 - $336

Indicators

Trend

Dow Theory Structure

Confirmation $334.55, invalidation $324.35

range · mixedRange
ADX / +DI / -DI (14)

Trend strength is active

23.4 / 32.1 / 19.4Bullish
Supertrend (10,3)

Price is above Supertrend

$324.04Bullish
Ichimoku Cloud

Cloud Span A / Span B

$330.79 / $328.89Bullish
Donchian Channel (20)

20-period breakout channel position

88%Range

Volatility

ATR (14)

Low volatility

$2.68 (0.8%)Bullish
Bollinger Bands (20,2)

Width 3.38%

83%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$336.39 / $324.01Bullish
ATR channel lower / upper

Current Volatility Envelope

$330.64 / $336Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$339.9Range
Support

Nearest Downside Decision Level

$324.35Range

Momentum

RSI (14)

Momentum is strong

56.5Bullish
MACD (12,26,9)

Histogram is positive

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

%K / %D momentum cross

87.9 / 73.8Bullish
Williams %R (14)

Overbought zone

-12.1Bearish
CCI (20)

Strong expansion

106.5Bullish
TD Sequential

Setup is not extreme

sell 1Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

80.4Bullish
OBV slope

20-period OBV slope

-1.62%Bearish
Volume ratio

Relative to 20-period average volume

4.38xBullish

Trend

Dow Theory Structure

Confirmation $334.55, invalidation $324.35

range · mixedRange
ADX / +DI / -DI (14)

Trend strength is active

23.4 / 32.1 / 19.4Bullish
Supertrend (10,3)

Price is above Supertrend

$324.04Bullish
Ichimoku Cloud

Cloud Span A / Span B

$330.79 / $328.89Bullish
Donchian Channel (20)

20-period breakout channel position

88%Range

Momentum

RSI (14)

Momentum is strong

56.5Bullish
MACD (12,26,9)

Histogram is positive

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

%K / %D momentum cross

87.9 / 73.8Bullish
Williams %R (14)

Overbought zone

-12.1Bearish
CCI (20)

Strong expansion

106.5Bullish
TD Sequential

Setup is not extreme

sell 1Bearish

Volatility

ATR (14)

Low volatility

$2.68 (0.8%)Bullish
Bollinger Bands (20,2)

Width 3.38%

83%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$336.39 / $324.01Bullish
ATR channel lower / upper

Current Volatility Envelope

$330.64 / $336Bullish

Volume / Money Flow

MFI (14)

Money flow is strong

80.4Bullish
OBV slope

20-period OBV slope

-1.62%Bearish
Volume ratio

Relative to 20-period average volume

4.38xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$339.9Range
Support

Nearest Downside Decision Level

$324.35Range

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