US stock / ETF

Cadence Design Systems, Inc.

CDNS · NASDAQ · USD

1 hourBullish89%
1h Upside probability 89%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 $281 and reclaim $293.33.

Invalidation Trigger

Lose $281 and MACD turns lower again.

Market Context

Trend PhaseRange
Sideways Structure

Price is above EMA21

1h
Momentum StateBullish
Momentum improving

RSI 57.4, MACD 0.588

1h
Volatility EnvironmentBullish
Low volatility

ATR is $1.91 (0.66%)

1h

EMA Structure

Range
EMA 8$289.9Bullish
EMA 21$288.1Bullish
EMA 50$289.06Bullish

Signals

CategoryReadStrength
Momentum
RSI 57.4 · MACD 0.588

Momentum is strong

Strength
Bullish
Volatility
ATR $1.91 · BB 3.42%

Low volatility

Strength
Bullish
Volume
MFI 47.6 · OBV 61.37%

Relative to 20-period average volume

Strength
Range
Price Levels
$281 - $293.33

Support/Resistance Distance

Strength
Bullish

Key Levels

Upper risk zone

+1.81% · 2.7 ATR above latest close

$295.24
Nearest resistance

+1.15% · 1.7 ATR above · 34-bar high

$293.33
Current price

Price shown is delayed

$290
Nearest support

-3.1% · 4.7 ATR below · 34-bar low

$281
Deeper support zone

-3.76% · 5.7 ATR below latest close

$279.09
ATR zone

Latest close ± ATR14

$288.09 - $291.91

Indicators

Trend

Dow Theory Structure

Confirmation $289.55, invalidation $285.71

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

Trend strength is active

30.3 / 37.2 / 18.2Bullish
Supertrend (10,3)

Price is above Supertrend

$283.44Bullish
Ichimoku Cloud

Cloud Span A / Span B

$288.34 / $287.16Bullish
Donchian Channel (20)

20-period breakout channel position

66%Bullish

Volatility

ATR (14)

Low volatility

$1.91 (0.66%)Bullish
Bollinger Bands (20,2)

Width 3.42%

77%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$292.34 / $284.01Bullish
ATR channel lower / upper

Current Volatility Envelope

$288.09 / $291.91Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$293.33Range
Support

Nearest Downside Decision Level

$281Range

Momentum

RSI (14)

Momentum is strong

57.4Bullish
MACD (12,26,9)

Histogram is positive

0.588Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

60.3 / 84.4Bearish
Williams %R (14)

Neutral zone

-39.7Range
CCI (20)

Balanced zone

83.2Range
TD Sequential

Setup is not extreme

buy 1Bullish

Volume / Money Flow

MFI (14)

Money flow is neutral

47.6Range
OBV slope

20-period OBV slope

61.37%Bullish
Volume ratio

Relative to 20-period average volume

5.15xBullish

Trend

Dow Theory Structure

Confirmation $289.55, invalidation $285.71

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

Trend strength is active

30.3 / 37.2 / 18.2Bullish
Supertrend (10,3)

Price is above Supertrend

$283.44Bullish
Ichimoku Cloud

Cloud Span A / Span B

$288.34 / $287.16Bullish
Donchian Channel (20)

20-period breakout channel position

66%Bullish

Momentum

RSI (14)

Momentum is strong

57.4Bullish
MACD (12,26,9)

Histogram is positive

0.588Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

60.3 / 84.4Bearish
Williams %R (14)

Neutral zone

-39.7Range
CCI (20)

Balanced zone

83.2Range
TD Sequential

Setup is not extreme

buy 1Bullish

Volatility

ATR (14)

Low volatility

$1.91 (0.66%)Bullish
Bollinger Bands (20,2)

Width 3.42%

77%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$292.34 / $284.01Bullish
ATR channel lower / upper

Current Volatility Envelope

$288.09 / $291.91Bullish

Volume / Money Flow

MFI (14)

Money flow is neutral

47.6Range
OBV slope

20-period OBV slope

61.37%Bullish
Volume ratio

Relative to 20-period average volume

5.15xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$293.33Range
Support

Nearest Downside Decision Level

$281Range

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