US stock / ETF

Cadence Design Systems, Inc.

CDNS · NASDAQ · USD

1 weekBullish57%
Weekly Upside probability 57%Bullish

CDNS 1W chart

EMA21EMA50Bollinger
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Market View

Market Shift

Weekly: EMA8/21/50 are in bullish alignment

Confirmation Trigger

Hold above $262.75 and reclaim $416.69.

Invalidation Trigger

Lose $262.75 and MACD turns lower again.

Market Context

Trend PhaseBullish
Constructive Trend

Price is below EMA21

Weekly
Momentum StateBearish
Momentum soft

RSI 48.9, MACD -4.138

Weekly
Volatility EnvironmentBearish
High volatility

ATR is $29.92 (8.88%)

Weekly

EMA Structure

Bullish
EMA 8$348.41Bearish
EMA 21$344.19Bearish
EMA 50$330.64Bullish

Signals

CategoryReadStrength
Momentum
RSI 48.9 · MACD -4.138

Neutral zone

Strength
Bearish
Volatility
ATR $29.92 · BB 43.35%

High volatility

Strength
Bearish
Volume
MFI 70.3 · OBV 238.61%

Relative to 20-period average volume

Strength
Bullish
Price Levels
$262.75 - $416.69

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+32.48% · 3.7 ATR above latest close

$446.61
Nearest resistance

+23.61% · 2.7 ATR above · 34-bar high

$416.69
Current price

Price shown is delayed

$337.11
Nearest support

-22.06% · 2.5 ATR below · 34-bar low

$262.75
Deeper support zone

-30.94% · 3.5 ATR below latest close

$232.82
ATR zone

Latest close ± ATR14

$307.19 - $367.03

Indicators

Trend

Dow Theory Structure

Confirmation $320.07, invalidation $391

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is active

46.2 / 19.8 / 17.9Bullish
Supertrend (10,3)

Price is above Supertrend

$249.07Bullish
Ichimoku Cloud

Cloud Span A / Span B

$351.7 / $339.72Bearish
Donchian Channel (20)

20-period breakout channel position

48%Range

Volatility

ATR (14)

High volatility

$29.92 (8.88%)Bearish
Bollinger Bands (20,2)

Width 43.35%

46%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$406.51 / $283.14Bearish
ATR channel lower / upper

Current Volatility Envelope

$307.19 / $367.03Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$416.69Range
Support

Nearest Downside Decision Level

$262.75Range

Momentum

RSI (14)

Neutral zone

48.9Range
MACD (12,26,9)

Histogram is negative

-4.138Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

17.6 / 19.1Bearish
Williams %R (14)

Oversold zone

-82.4Bullish
CCI (20)

Balanced zone

-10.6Range
TD Sequential

Setup is not extreme

buy 6Bullish

Volume / Money Flow

MFI (14)

Money flow is strong

70.3Bullish
OBV slope

20-period OBV slope

238.61%Bullish
Volume ratio

Relative to 20-period average volume

0.10xBearish

Trend

Dow Theory Structure

Confirmation $320.07, invalidation $391

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is active

46.2 / 19.8 / 17.9Bullish
Supertrend (10,3)

Price is above Supertrend

$249.07Bullish
Ichimoku Cloud

Cloud Span A / Span B

$351.7 / $339.72Bearish
Donchian Channel (20)

20-period breakout channel position

48%Range

Momentum

RSI (14)

Neutral zone

48.9Range
MACD (12,26,9)

Histogram is negative

-4.138Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

17.6 / 19.1Bearish
Williams %R (14)

Oversold zone

-82.4Bullish
CCI (20)

Balanced zone

-10.6Range
TD Sequential

Setup is not extreme

buy 6Bullish

Volatility

ATR (14)

High volatility

$29.92 (8.88%)Bearish
Bollinger Bands (20,2)

Width 43.35%

46%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$406.51 / $283.14Bearish
ATR channel lower / upper

Current Volatility Envelope

$307.19 / $367.03Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

70.3Bullish
OBV slope

20-period OBV slope

238.61%Bullish
Volume ratio

Relative to 20-period average volume

0.10xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$416.69Range
Support

Nearest Downside Decision Level

$262.75Range

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