US stock / ETF

Cadence Design Systems, Inc.

CDNS · NASDAQ · USD

4 hoursBullish61%
4h Upside probability 61%Bullish

CDNS 4H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

4h: EMA8/21/50 are in bearish alignment

Confirmation Trigger

Hold above $311.47 and reclaim $333.48.

Invalidation Trigger

Lose $311.47 and MACD turns lower again.

Market Context

Trend PhaseBearish
Weak Pullback

Price is above EMA21

4h
Momentum StateBullish
Momentum improving

RSI 47.7, MACD 0.645

4h
Volatility EnvironmentBullish
Low volatility

ATR is $3.32 (1.04%)

4h

EMA Structure

Bearish
EMA 8$316.81Bullish
EMA 21$318.88Bullish
EMA 50$325Bearish

Signals

CategoryReadStrength
Momentum
RSI 47.7 · MACD 0.645

Neutral zone

Strength
Bullish
Volatility
ATR $3.32 · BB 5.11%

Low volatility

Strength
Bullish
Volume
MFI 53.5 · OBV -301.27%

Relative to 20-period average volume

Strength
Range
Price Levels
$311.47 - $333.48

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+5.55% · 5.3 ATR above latest close

$336.79
Nearest resistance

+4.51% · 4.3 ATR above · 34-bar high

$333.48
Current price

Price shown is delayed

$319.08
Nearest support

-2.38% · 2.3 ATR below · 34-bar low

$311.47
Deeper support zone

-3.42% · 3.3 ATR below latest close

$308.15
ATR zone

Latest close ± ATR14

$315.76 - $322.4

Indicators

Trend

Dow Theory Structure

Confirmation $317.5, invalidation $312.15

range · mixedRange
ADX / +DI / -DI (14)

Trend strength is moderate

16.1 / 22.2 / 20.0Bullish
Supertrend (10,3)

Price is above Supertrend

$310.34Bullish
Ichimoku Cloud

Cloud Span A / Span B

$319.1 / $329.76Bearish
Donchian Channel (20)

20-period breakout channel position

35%Range

Volatility

ATR (14)

Low volatility

$3.32 (1.04%)Bullish
Bollinger Bands (20,2)

Width 5.11%

54%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$324.78 / $312.56Bullish
ATR channel lower / upper

Current Volatility Envelope

$315.76 / $322.4Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$333.48Range
Support

Nearest Downside Decision Level

$311.47Range

Momentum

RSI (14)

Neutral zone

47.7Range
MACD (12,26,9)

Histogram is positive

0.645Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

74.0 / 51.5Bullish
Williams %R (14)

Neutral zone

-26.0Range
CCI (20)

Balanced zone

17.6Range
TD Sequential

Setup is not extreme

sell 2Bearish

Volume / Money Flow

MFI (14)

Money flow is neutral

53.5Range
OBV slope

20-period OBV slope

-301.27%Bearish
Volume ratio

Relative to 20-period average volume

1.93xBullish

Trend

Dow Theory Structure

Confirmation $317.5, invalidation $312.15

range · mixedRange
ADX / +DI / -DI (14)

Trend strength is moderate

16.1 / 22.2 / 20.0Bullish
Supertrend (10,3)

Price is above Supertrend

$310.34Bullish
Ichimoku Cloud

Cloud Span A / Span B

$319.1 / $329.76Bearish
Donchian Channel (20)

20-period breakout channel position

35%Range

Momentum

RSI (14)

Neutral zone

47.7Range
MACD (12,26,9)

Histogram is positive

0.645Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

74.0 / 51.5Bullish
Williams %R (14)

Neutral zone

-26.0Range
CCI (20)

Balanced zone

17.6Range
TD Sequential

Setup is not extreme

sell 2Bearish

Volatility

ATR (14)

Low volatility

$3.32 (1.04%)Bullish
Bollinger Bands (20,2)

Width 5.11%

54%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$324.78 / $312.56Bullish
ATR channel lower / upper

Current Volatility Envelope

$315.76 / $322.4Bullish

Volume / Money Flow

MFI (14)

Money flow is neutral

53.5Range
OBV slope

20-period OBV slope

-301.27%Bearish
Volume ratio

Relative to 20-period average volume

1.93xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$333.48Range
Support

Nearest Downside Decision Level

$311.47Range

Related Forecasts