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: price is above EMA21, short trend is constructive

Confirmation Trigger

Hold above $311.47 and reclaim $319.99.

Invalidation Trigger

Lose $311.47 and MACD turns lower again.

Market Context

Trend PhaseRange
Sideways Structure

Price is above EMA21

1h
Momentum StateBullish
Momentum improving

RSI 60.3, MACD 0.661

1h
Volatility EnvironmentBullish
Low volatility

ATR is $1.74 (0.55%)

1h

EMA Structure

Range
EMA 8$317.11Bullish
EMA 21$316.15Bullish
EMA 50$317.43Bullish

Signals

CategoryReadStrength
Momentum
RSI 60.3 · MACD 0.661

Momentum is strong

Strength
Bullish
Volatility
ATR $1.74 · BB 2.53%

Low volatility

Strength
Bullish
Volume
MFI 81.4 · OBV 11.77%

Relative to 20-period average volume

Strength
Bullish
Price Levels
$311.47 - $319.99

Support/Resistance Distance

Strength
Bullish

Key Levels

Upper risk zone

+0.83% · 1.5 ATR above latest close

$321.73
Nearest resistance

+0.29% · 0.5 ATR above · 34-bar high

$319.99
Current price

Price shown is delayed

$319.08
Nearest support

-2.38% · 4.4 ATR below · 34-bar low

$311.47
Deeper support zone

-2.93% · 5.4 ATR below latest close

$309.73
ATR zone

Latest close ± ATR14

$317.34 - $320.82

Indicators

Trend

Dow Theory Structure

Confirmation $318.09, invalidation $312.15

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

Trend strength is moderate

20.0 / 46.4 / 20.0Bullish
Supertrend (10,3)

Price is above Supertrend

$313.1Bullish
Ichimoku Cloud

Cloud Span A / Span B

$315.9 / $318.24Bullish
Donchian Channel (20)

20-period breakout channel position

89%Bullish

Volatility

ATR (14)

Low volatility

$1.74 (0.55%)Bullish
Bollinger Bands (20,2)

Width 2.53%

99%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$320.42 / $311.88Bullish
ATR channel lower / upper

Current Volatility Envelope

$317.34 / $320.82Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$319.99Range
Support

Nearest Downside Decision Level

$311.47Range

Momentum

RSI (14)

Momentum is strong

60.3Bullish
MACD (12,26,9)

Histogram is positive

0.661Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

88.4 / 87.8Bullish
Williams %R (14)

Overbought zone

-11.6Bearish
CCI (20)

Strong expansion

161.7Bullish
TD Sequential

Setup is not extreme

sell 4Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

81.4Bullish
OBV slope

20-period OBV slope

11.77%Bullish
Volume ratio

Relative to 20-period average volume

5.13xBullish

Trend

Dow Theory Structure

Confirmation $318.09, invalidation $312.15

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

Trend strength is moderate

20.0 / 46.4 / 20.0Bullish
Supertrend (10,3)

Price is above Supertrend

$313.1Bullish
Ichimoku Cloud

Cloud Span A / Span B

$315.9 / $318.24Bullish
Donchian Channel (20)

20-period breakout channel position

89%Bullish

Momentum

RSI (14)

Momentum is strong

60.3Bullish
MACD (12,26,9)

Histogram is positive

0.661Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

88.4 / 87.8Bullish
Williams %R (14)

Overbought zone

-11.6Bearish
CCI (20)

Strong expansion

161.7Bullish
TD Sequential

Setup is not extreme

sell 4Bearish

Volatility

ATR (14)

Low volatility

$1.74 (0.55%)Bullish
Bollinger Bands (20,2)

Width 2.53%

99%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$320.42 / $311.88Bullish
ATR channel lower / upper

Current Volatility Envelope

$317.34 / $320.82Bullish

Volume / Money Flow

MFI (14)

Money flow is strong

81.4Bullish
OBV slope

20-period OBV slope

11.77%Bullish
Volume ratio

Relative to 20-period average volume

5.13xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$319.99Range
Support

Nearest Downside Decision Level

$311.47Range

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