CDNS

Cadence Design SystemsTechnology

$326.24-1.28%

0CP IndexNo Signal

How it works

The Setup Confidence (0-100) is an algorithmic score evaluating 4 key metrics. A score of 0 means no confirmed signal yet.

Trend Alignment (SMA)
Volume Confirmation
Pattern Clarity
Momentum (RSI)

3 Month Interval$326.24

MAYJUNJUL

CDNS Technicals

Technical indicators signal a Double Bottom forming. Verify the setup on the chart.

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Quick Actions

Trade Plan: Double Bottom

Risk/Reward

1:2

Entry

$403.38

Stop

$361.73

Target

$486.69

Chart Pattern

Double Bottom

Reversal pattern after a downtrend.

Market Analysis

CDNS is showing interesting structural developments at $326.24. With a last close of $326.24, volatility remains active (-1.28%). Algorithmically, a Double Bottom structure has completed. Volume is strong (1.28x avg) with moderate trend strength (45.6). A potential breakout level is identified at $403.38, targeting $486.69 with support near $361.73 (R:R 2.0).

Community Sentiment

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Peer Analysis

Keys Descending Triangle Msft Descending Triangle Adsk Bearish Flag Cdw Ascending Triangle Crm Bearish Flag

Pattern Peers

Ge Double Bottom Axon Double Bottom Vrtx Double Bottom Ecl Double Bottom Agix Double Bottom