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Cadence Design Systems, Inc. (CDNS) - Buy, Sell or Hold?

Sector: Technology   Sub-Sector: Computer Software: Prepackaged Software
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Tue, 28 Nov 2017NoneBearish EngulfingWed, 22 Nov 20170.42%
***Stock database and scans are updated around midnight (New York time) every trading day.
45.19 0.00 (0%) Nov 28 4:00pm EDT
Open: 45.28 Range: 45.01 - 45.41 Vol: 1.34M Avg Vol: 3.03M
EPS: 0.86 P/E ratio: 50.19 EBITDA: 421.11M Mkt Cap: 12.09B
Analyze "CDNS" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Down
Last Trade is below the 5 day moving average at 45.25
Medium Term: Trend is Up
Last Trade is above the 20 day moving average at 44.42
Last Trade is above the 50 day moving average at 42.21
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 36.05
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of CDNS

Stock Trend Analysis - Buy, Sell or Hold "Cadence Design Systems, Inc." (CDNS)?

CDNS is in a very strong uptrend. In the last 52 weeks, CDNS has been trading above the 200 day moving average for 100% of the time with an average daily volume of 3M shares being traded. In the medium term, the 50 day moving average, currently at 42.21 for CDNS is also very bullish, indicating good swing trading opportunities for longs. This bullish stance is further reinforced by CDNS's ability to stay over the 20 day moving average for more than 100% of the time in the last 2 months of trading. There is however a possibility of profit taking setting in and it may be prudent to lighten up on strength and re-enter during a retracement. Good places to re-enter CDNS are at the 50 and 200 SMAs currently at 42.21 and 36.05 respectively. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "CDNS".

The analyst consensus estimates for the 1 year price target for this stock is $42.33* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Tue, 28 Nov 2017
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