What chart pattern is ChartPattern.io tracking on Cadence Design Systems?
ChartPattern.io is currently tracking Double Bottom on Cadence Design Systems in the Technology stock. Secondary context includes Rising Wedge and Double Bottom.
Live Technology stock scanner page for Cadence Design Systems. Review the double bottom setup, chart structure, and trade levels in one place.
CDNS is showing interesting structural developments at $322.17. Price has moved to $322.17 (1.79%) amidst recent volatility. The primary technical feature is a Double Bottom formation. This setup is supported by strong volume turnover. A potential breakout level is identified at $361.91, targeting $450.75 with support near $317.49 (R:R 2.0).
CDNS is part of the Technology stock on ChartPattern.io. The scanner currently highlights Double Bottom as the leading setup, with an entry near $361.91, a stop around $317.49, and a target near $450.75.
Double Bottom
70/100 CP Index
Entry $361.91 · Stop $317.49 · Target $450.75
Technical indicators signal a Double Bottom forming. Verify the setup on the chart.
Gradual reversal from bearish to bullish.
Reversal pattern. Price likely to break downwards.
Reversal pattern after a downtrend.
What is your outlook on CDNS?
These answers make the page easier to scan for traders, search engines, and LLMs looking for quick context on CDNS.
ChartPattern.io is currently tracking Double Bottom on Cadence Design Systems in the Technology stock. Secondary context includes Rising Wedge and Double Bottom.
The current trade plan points to an entry near $361.91, a stop near $317.49, and a target near $450.75.
Cadence Design Systems currently leans bullish. The page is showing a CP Index of 70/100, which helps summarize the current technical setup.