Cadence Design Systems (CDNS)
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|It was the negative week for the Cadence Design Systems (CDNS). During the week, the CDNS gave back -0.39 points, or -0.47%, and closed at 82.07 on Friday, May 15, 2020. Weekly volume was 13% above average. |
CDNS is a member of Information Technology Sector. Information Technology is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
Long-term trend: [See CDNS long-term trend chart]
A long-term uptrend had started on May 4, 2020 at 75.27 and reached 83.58 on May 11, 2020. CDNS gained -8.31 points, or -11.04%, in 1 weeks. The price is now at the 18.17% retracement level.
Medium-term trend: [See CDNS medium-term trend chart]
A medium-term uptrend had started on March 18, 2020 at 51.39 and reached 83.58 on May 11, 2020. CDNS gained -32.19 points, or -62.64%, in 7 weeks. Price is near the trend high.
Weekly Technical Indicators: [See CDNS weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range or strongly overbought weekly Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is below its signal line since December 6, 2019. The distance between MACD and the signal line is low and getting smaller. Use the following link to access a MACD help.
Short-term trend: [See CDNS short-term trend chart]
A short-term uptrend had started on May 4, 2020 at 75.27 and reached 83.58 on May 11, 2020. CDNS gained -8.31 points, or -11.04%, in 7 days. The price is now at the 18.17% retracement level.
Daily Technical Indicators: [See CDNS daily technical indicators chart]
Daily technical indicators are neutral. Daily Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.
The daily MACD line is below its signal line since April 30, 2020. The distance between MACD and the signal line is low, but getting bigger.