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(CDNS) Cadence Design complete technical analysis [charts+indicators] | Buy/Sell Cadence Design | (CDNS) share price targets

Complete technical analysis of Cadence Design (CDNS) by charts plus indicators, forecast predictions and share price targets for Cadence Design (CDNS)

Cadence Design trades in USA in Technology sector.

10 day averaged volume of Cadence Design is 2557450

Date Daily Closing Price Open High Low Volume
04 Thu Mar 2021 128.81 133.96 134.81 127.27 1.062 times
03 Wed Mar 2021 133.74 141.17 141.70 133.69 0.976 times
02 Tue Mar 2021 142.15 147.66 147.98 141.08 1.1 times
02 Tue Mar 2021 142.15 147.66 147.98 141.08 1.1 times
01 Mon Mar 2021 147.44 143.23 147.60 142.13 0.799 times
26 Fri Feb 2021 141.09 139.06 143.32 137.74 0.988 times
25 Thu Feb 2021 138.02 138.43 142.64 137.27 1.188 times
24 Wed Feb 2021 139.42 131.60 140.20 129.81 1.211 times
23 Tue Feb 2021 132.60 135.54 135.89 128.49 1.203 times
22 Mon Feb 2021 133.16 138.92 138.93 132.92 0.817 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 129, for a target of 134.6 or 139.3

Share price targets for Cadence Design (CDNS)

Target Type Value
Downside Target 109.20
Downside Target 113.80
Downside Target 127.27
Upside Target 136.66
Upside Target 141.08
Upside Target 143.32
Upside Target 145.92
Upside Target 147.98
Upside Target 149.08

Intraday share price targets for Cadence Design (CDNS)

Target Type Value
Downside Intraday Target 121.39
Downside Intraday Target 113.98
Upside Intraday Target 142.1
Upside Intraday Target 155.4
Upside Intraday Target 134.69

Weekly technical analysis of Cadence Design (CDNS)

Date Weekly Closing Price Open High Low Volume
04 Thu Mar 2021 128.81 147.66 147.98 127.27 1.652 times
02 Tue Mar 2021 142.15 143.23 147.98 141.08 0.351 times
26 Fri Feb 2021 141.09 138.92 143.32 128.49 2.411 times
19 Fri Feb 2021 139.66 148.64 149.08 137.67 1.036 times
12 Fri Feb 2021 145.68 137.17 145.92 136.66 0.734 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Cadence Design (CDNS)

Date Monthly Closing Price Open High Low Volume
04 Thu Mar 2021 128.81 143.23 147.98 127.27 0.395 times
26 Fri Feb 2021 141.09 131.98 149.08 128.49 1.08 times
29 Fri Jan 2021 130.39 136.89 142.11 127.56 1.004 times
31 Thu Dec 2020 136.43 116.88 136.84 113.80 0.95 times

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Cadence Design (CDNS)

Indicator Name Indicator Value Indicator Signal
ADX 18, 36, 34 Sell
MACD 2, 3Sell
Stochastics 35None
CCI -126Sell
RSI 48Sell
OBV -5685300Sell
VWAP 138Sell
ADL 0Sell
ROC -8Sell
Force Index 0Sell

Price action analysis of Cadence Design ( (CDNS) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Cadence Design ( (CDNS) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Cadence Design ( (CDNS) ) based on a short to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Cadence Design ( (CDNS) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Cadence Design stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Cadence Design in short term but the sell signal is initial and weak.

Cadence Design Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Cadence Design in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Cadence Design is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 137.72 and Cadence Design (CDNS) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Cadence Design (CDNS) stock. Volume based technical analysis of Cadence Design (CDNS) stock is negative.

Cadence Design Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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