US stock / ETF

Cadence Design Systems, Inc.

CDNS · NASDAQ · USD

1 weekBullish55%
Weekly Upside probability 55%Bullish

CDNS 1W chart

EMA21EMA50Bollinger
----

Market View

Market Shift

Weekly: price is above EMA21, short trend is constructive

Confirmation Trigger

Hold above $263.38 and reclaim $416.69.

Invalidation Trigger

Lose $263.38 and MACD turns lower again.

Market Context

Trend PhaseRange
Sideways Structure

Price is above EMA21

Weekly
Momentum StateBullish
Momentum improving

RSI 51.1, MACD -0.106

Weekly
Volatility EnvironmentBearish
High volatility

ATR is $29 (8.7%)

Weekly

EMA Structure

Range
EMA 8$326.32Bullish
EMA 21$328.73Bullish
EMA 50$326.99Bullish

Signals

CategoryReadStrength
Momentum
RSI 51.1 · MACD -0.106

Neutral zone

Strength
Bullish
Volatility
ATR $29 · BB 29.62%

High volatility

Strength
Bearish
Volume
MFI 44.6 · OBV -59.53%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$263.38 - $416.69

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+33.71% · 3.9 ATR above latest close

$445.69
Nearest resistance

+25.01% · 2.9 ATR above · 34-bar high

$416.69
Current price

Price shown is delayed

$333.32
Nearest support

-20.98% · 2.4 ATR below · 34-bar low

$263.38
Deeper support zone

-29.68% · 3.4 ATR below latest close

$234.38
ATR zone

Latest close ± ATR14

$304.32 - $362.32

Indicators

Trend

Dow Theory Structure

Confirmation $361.91, invalidation $305.19

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

Trend strength is active

23.8 / 27.7 / 28.0Bearish
Supertrend (10,3)

Price is above Supertrend

$248.02Bullish
Ichimoku Cloud

Cloud Span A / Span B

$331.19 / $339.72Bearish
Donchian Channel (20)

20-period breakout channel position

51%Range

Volatility

ATR (14)

High volatility

$29 (8.7%)Bearish
Bollinger Bands (20,2)

Width 29.62%

54%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$383.78 / $273.42Bearish
ATR channel lower / upper

Current Volatility Envelope

$304.32 / $362.32Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$416.69Range
Support

Nearest Downside Decision Level

$263.38Range

Momentum

RSI (14)

Neutral zone

51.1Range
MACD (12,26,9)

Histogram is negative

-0.106Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

67.8 / 60.8Bullish
Williams %R (14)

Neutral zone

-32.2Range
CCI (20)

Balanced zone

2.9Range
TD Sequential

Setup is not extreme

sell 1Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

44.6Bearish
OBV slope

20-period OBV slope

-59.53%Bearish
Volume ratio

Relative to 20-period average volume

0.64xBearish

Trend

Dow Theory Structure

Confirmation $361.91, invalidation $305.19

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

Trend strength is active

23.8 / 27.7 / 28.0Bearish
Supertrend (10,3)

Price is above Supertrend

$248.02Bullish
Ichimoku Cloud

Cloud Span A / Span B

$331.19 / $339.72Bearish
Donchian Channel (20)

20-period breakout channel position

51%Range

Momentum

RSI (14)

Neutral zone

51.1Range
MACD (12,26,9)

Histogram is negative

-0.106Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

67.8 / 60.8Bullish
Williams %R (14)

Neutral zone

-32.2Range
CCI (20)

Balanced zone

2.9Range
TD Sequential

Setup is not extreme

sell 1Bearish

Volatility

ATR (14)

High volatility

$29 (8.7%)Bearish
Bollinger Bands (20,2)

Width 29.62%

54%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$383.78 / $273.42Bearish
ATR channel lower / upper

Current Volatility Envelope

$304.32 / $362.32Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

44.6Bearish
OBV slope

20-period OBV slope

-59.53%Bearish
Volume ratio

Relative to 20-period average volume

0.64xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$416.69Range
Support

Nearest Downside Decision Level

$263.38Range

Related Forecasts