Stock Analysis: Cadence Design Sys Inc (CDNS)

Stock Analysis for Cadence Design Sys Inc (CDNS)

The Interpreter
Hey Friend, I'm analysing CADENCE DESIGN SYS INC (CDNS), and it is between the Support of $ 302.19 (PivotS1) and the Resistance of $ 309.58 (Pivot).

Cadence Design Sys Inc (CDNS)

$ 281.76 -1.1%

Last Close 23-Apr-24

Trade CDNS Now

Supports

Next Support: $ 302.19

Pivot S1: $ 302.19
Fibonacci 200%: $ 285.00
Triangle Level (0): $ 290.90

Resistances

Next Resistance: $ 309.58

Pivot: $ 309.58
Triangle Level (0): $ 329.91

Supports and Resistances

Click to Enlarge

Candlesticks, "48-hour" Trade Signals +

Date	Price $	Result %	Candle Name	Side
001 10 Apr 2024	Sell Price: 304.59	Loss: Close Day2 ($ 305.85)	Abandoned Baby	Sell
002 03 Apr 2024	Buy Price: 310.58	Profit: Open Day1 ($ 314.90)	Engulfing	Buy
003 13 Mar 2024	Sell Price: 306.21	Profit: Open Day2 ($ 304.25)	Engulfing	Sell
004 15 Feb 2024	Sell Price: 295.67	Profit: Close Day1 ($ 290.30)	Engulfing	Sell
005 30 Nov 2023	Sell Price: 273.27	Profit: Open Day1 ($ 272.85)	Engulfing	Sell
006 30 Nov 2023	Sell Price: 272.89	Profit: Open Day1 ($ 272.85)	Dark Cloud Cover	Sell
007 26 Sep 2023	Sell Price: 229.26	Loss: Close Day2 ($ 234.01)	Abandoned Baby	Sell
008 08 Aug 2023	Sell Price: 228.93	Profit: Open Day1 ($ 228.17)	Abandoned Baby	Sell
009 04 Aug 2023	Buy Price: 229.00	Profit: Open Day1 ($ 230.51)	Abandoned Baby	Buy
010 08 Jun 2023	Buy Price: 228.08	Profit: Open Day1 ($ 229.59)	Engulfing	Buy
011 31 May 2023	Sell Price: 230.91	Profit: Open Day1 ($ 228.57)	Abandoned Baby	Sell
012One Year Average	Both Sides Result for 11 Signals	Profit: $ 12.22 ($ 1.11 / Signal) +4.6% Gross in 1 Year	All of Them	Buy + Sell

Trading Rules for Candlesticks Patterns.

Buy or Sell on the same day of the signal, during the after-hours trading session.
Watch the Opening and Closing of the next 2 days (4 in total).
Immediately exit the Trade when one of them (Open or Close, Day 1 or 2) gives you a profit.
The table above will show the first Profit opportunity, but not in real-time. Therefore, you must watch the market in real-time with your broker.

Remember: The returns an asset made in the past don't mean that future returns will be the same.

Backtest Lab, "Buy The Dip" Trade Signals +

Find The Lastest Buy Signals for CDNS Below.

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The Latest Trade Signals

Moving Averages +

Bought Moving Averages

Sold Moving Averages

Simple Moving Averages (SMA) Period	Value $	Signal	Exponential Moving Averages (EMA) Period	Value $	Signal
2	279.71	SELL	2	279.33	SELL
3	281.48	SELL	3	280.67	SELL
5	282.12	SELL	5	283.49	SELL
8	288.33	SELL	8	287.51	SELL
13	296.13	SELL	13	292.53	SELL
21	301.52	SELL	21	297.16	SELL
34	305.23	SELL	34	299.78	SELL
55	304.21	SELL	55	298.59	SELL
90	293.81	SELL	90	292.19	SELL
200	266.28	BUY	200	269.83	BUY

Company Info +

Name & IPO

Cadence Design Sys Inc
IPO: 1988-06-01

Stock Ticker & Exchange

Ticker: CDNSIndices: S&P 500, Nasdaq 100,
Exchange: Nasdaq Nms - Global Market (US - USD)

Contact

Website: https://www.cadence.com/
Phone:

Stock Type

Common Stock

SIC Office

Technology ()

Industry

Services-prepackaged Software

EIN

Fiscal Year End

State of Inc.

Balance Sheets +

in USD millions (if not decimal) - Dictionary

Income Statement +

in USD millions (if not decimal) - Dictionary

Statements sources
The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.