CDNS

Cadence Design SystemsTechnology

$359.16+2.36%

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$359.16

MARAPRMAY

CDNS Technicals

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

View on TradingView View on TrendSpider

Quick Actions

Trade Plan: Rounding Bottom

Risk/Reward

1:2

Entry

$365.01

Stop

$314.20

Target

$466.64

Chart Pattern

Rounding Bottom

Gradual reversal from bearish to bullish.

Market Analysis

CDNS is showing interesting structural developments at $359.16. Price has moved to $359.16 (2.36%) amidst recent volatility. Our AI has detected a valid Rounding Bottom pattern. This setup is supported by average volume turnover. A potential breakout level is identified at $365.01, targeting $466.64 with support near $314.2 (R:R 2.0).

Community Sentiment

What is your outlook on CDNS?

Explore Related Markets

Peer Analysis

Ibm Ascending Triangle Klac Ascending Triangle Hpq Ascending Triangle Avgo Rectangle Mpwr Ascending Triangle

Pattern Peers

Cci Rounding Bottom Slb Rounding Bottom Avb Rounding Bottom Sbac Rounding Bottom Avgo Rounding Bottom