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 $ 281.11 (Pivot) and the Resistance of $ 285.00 (200% of Fibonacci). The stock is pointing upwards and could come close and reach $ 285.00 soon.

Cadence Design Sys Inc (CDNS)

$ 281.63 +1.9%

Last Close 03-May-24

Trade CDNS Now

Supports

Next Support: $ 281.11

Pivot: $ 281.11
Fibonacci 161.8%: $ 273.82
Triangle Level (0): $ 279.95

Resistances

Next Resistance: $ 285.00

Pivot R1: $ 288.55
Fibonacci 200%: $ 285.00
Triangle Level (0): $ 290.90

Supports and Resistances

Click to Enlarge

Candlesticks, "48-hour" Trade Signals +

Date	Price $	Result %	Candle Name	Side
001 30 Apr 2024	Sell Price: 275.63	Profit: Open Day1 ($ 275.36)	Abandoned Baby	Sell
002 10 Apr 2024	Sell Price: 304.59	Loss: Close Day2 ($ 305.85)	Abandoned Baby	Sell
003 03 Apr 2024	Buy Price: 310.58	Profit: Open Day1 ($ 314.90)	Engulfing	Buy
004 13 Mar 2024	Sell Price: 306.21	Profit: Open Day2 ($ 304.25)	Engulfing	Sell
005 15 Feb 2024	Sell Price: 295.67	Profit: Close Day1 ($ 290.30)	Engulfing	Sell
006 30 Nov 2023	Sell Price: 273.27	Profit: Open Day1 ($ 272.85)	Engulfing	Sell
007 30 Nov 2023	Sell Price: 272.89	Profit: Open Day1 ($ 272.85)	Dark Cloud Cover	Sell
008 26 Sep 2023	Sell Price: 229.26	Loss: Close Day2 ($ 234.01)	Abandoned Baby	Sell
009 08 Aug 2023	Sell Price: 228.93	Profit: Open Day1 ($ 228.17)	Abandoned Baby	Sell
010 04 Aug 2023	Buy Price: 229.00	Profit: Open Day1 ($ 230.51)	Abandoned Baby	Buy
011 08 Jun 2023	Buy Price: 228.08	Profit: Open Day1 ($ 229.59)	Engulfing	Buy
012 31 May 2023	Sell Price: 230.91	Profit: Open Day1 ($ 228.57)	Abandoned Baby	Sell
013One Year Average	Both Sides Result for 12 Signals	Profit: $ 12.49 ($ 1.04 / Signal) +4.7% 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.

Please Subscribe to See
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	279.04	BUY	2	279.81	BUY
3	277.54	BUY	3	279.07	BUY
5	278.15	BUY	5	278.91	BUY
8	278.49	BUY	8	280.06	BUY
13	281.12	BUY	13	283.28	SELL
21	290.86	SELL	21	288.09	SELL
34	299.22	SELL	34	292.62	SELL
55	301.23	SELL	55	294.09	SELL
90	294.24	SELL	90	290.23	SELL
200	267.65	BUY	200	270.42	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.