Cadence Design Systems $CDNS Technical Update

The Cadence Design Systems (NASDAQ: CDNS) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for CDNS, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.

Review the Trading Plans:

Technical Summary

Term →Near Mid Long
Bias Strong Neutral Neutral
P1 44.73 38.36 41.55
P2 45.82 43.03 46.55
P3 46.63 47.78 51.28

Long Term Trading Plans for CDNS

November 8, 2018, 5:00 pm ET

The Technical Summary and Trading Plans for CDNS help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this CDNS Report.

CDNS - (Long) Support Plan

Buy over 41.55 target 46.55 stop loss @ 41.29.
The technical summary data tells us to buy CDNS near 41.55 with an upside target of 46.55. This data also tells us to set a stop loss @ 41.29 to protect against excessive loss in case the stock begins to move against the trade. 41.55 is the first level of support below 46.17 , and by rule, any test of support is a buy signal. In this case, support 41.55 would be being tested, so a buy signal would exist.

CDNS - (Short) Resistance Plan

Short under 46.55 target 41.55 stop loss @ 46.81.
The technical summary data is suggesting a short of CDNS as it gets near 46.55 with a downside target of 41.55. We should have a stop loss in place at 46.81 though. 46.55 is the first level of resistance above 46.17, and by rule, any test of resistance is a short signal. In this case, if resistance 46.55 is being tested, so a short signal would exist.

CDNS Long Term Analysis

CDNS EPS Analysis

CDNS Dividend Chart

CDNS Revenue chart

CDNS Growth rate - Quarterly

CDNS Growth rate - Yearly

CDNS PE chart

CDNS PEG chart