US stock / ETF

Cadence Design Systems, Inc.

CDNS · NASDAQ · USD

3 monthsBullish79%
3M Upside probability 79%Bullish

CDNS 3M chart

EMA21EMA50Bollinger
----

Market View

Market Shift

3M: price is above EMA21, short trend is constructive

Confirmation Trigger

Hold above $51.39 and reclaim $416.69.

Invalidation Trigger

Lose $51.39 and MACD turns lower again.

Market Context

Trend PhaseRange
Sideways Structure

Price is above EMA21

3M
Momentum StateBullish
Momentum improving

RSI 61.0, MACD --

3M
Volatility EnvironmentBearish
High volatility

ATR is $75.34 (23.62%)

3M

EMA Structure

Range
EMA 8$311.82Bullish
EMA 21$249.2Bullish
EMA 50--Range

Signals

CategoryReadStrength
Momentum
RSI 61.0 · MACD --

Momentum is strong

Strength
Bullish
Volatility
ATR $75.34 · BB 102.12%

High volatility

Strength
Bearish
Volume
MFI 63.0 · OBV -14.40%

Relative to 20-period average volume

Strength
Range
Price Levels
$51.39 - $416.69

Support/Resistance Distance

Strength
Bullish

Key Levels

Upper risk zone

+54.23% · 2.3 ATR above latest close

$492.03
Nearest resistance

+30.62% · 1.3 ATR above · 29-bar high

$416.69
Current price

Price shown is delayed

$319.02
Nearest support

-83.89% · 3.6 ATR below · 29-bar low

$51.39
Deeper support zone

-107.51% · 4.6 ATR below latest close

-$23.95
ATR zone

Latest close ± ATR14

$243.68 - $394.36

Indicators

Trend

Dow Theory Structure

Confirmation $416.69, invalidation $262.75

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

Trend strength is active

61.2 / 25.0 / 9.1Bullish
Supertrend (10,3)

Price is above Supertrend

$96.61Bullish
Ichimoku Cloud

Cloud Span A / Span B

$279.46 / --Bullish
Donchian Channel (20)

20-period breakout channel position

66%Bullish

Volatility

ATR (14)

High volatility

$75.34 (23.62%)Bearish
Bollinger Bands (20,2)

Width 102.12%

73%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$423.74 / $84.25Bearish
ATR channel lower / upper

Current Volatility Envelope

$243.68 / $394.36Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$416.69Range
Support

Nearest Downside Decision Level

$51.39Range

Momentum

RSI (14)

Momentum is strong

61.0Bullish
MACD (12,26,9)

Histogram is negative

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

%K / %D momentum cross

56.1 / 66.3Bearish
Williams %R (14)

Neutral zone

-43.9Range
CCI (20)

Balanced zone

99.6Range
TD Sequential

Setup is not extreme

buy 1Bullish

Volume / Money Flow

MFI (14)

Money flow is strong

63.0Bullish
OBV slope

20-period OBV slope

-14.40%Bearish
Volume ratio

Relative to 20-period average volume

0.58xBearish

Trend

Dow Theory Structure

Confirmation $416.69, invalidation $262.75

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

Trend strength is active

61.2 / 25.0 / 9.1Bullish
Supertrend (10,3)

Price is above Supertrend

$96.61Bullish
Ichimoku Cloud

Cloud Span A / Span B

$279.46 / --Bullish
Donchian Channel (20)

20-period breakout channel position

66%Bullish

Momentum

RSI (14)

Momentum is strong

61.0Bullish
MACD (12,26,9)

Histogram is negative

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

%K / %D momentum cross

56.1 / 66.3Bearish
Williams %R (14)

Neutral zone

-43.9Range
CCI (20)

Balanced zone

99.6Range
TD Sequential

Setup is not extreme

buy 1Bullish

Volatility

ATR (14)

High volatility

$75.34 (23.62%)Bearish
Bollinger Bands (20,2)

Width 102.12%

73%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$423.74 / $84.25Bearish
ATR channel lower / upper

Current Volatility Envelope

$243.68 / $394.36Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

63.0Bullish
OBV slope

20-period OBV slope

-14.40%Bearish
Volume ratio

Relative to 20-period average volume

0.58xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$416.69Range
Support

Nearest Downside Decision Level

$51.39Range

Related Forecasts