Technical data

Cadence Design Systems CDNS Technical Data


Source: Daily Stock Exchange Traders

Longer Term Trading Plans for CDNS
  • Buy CDNS on 164.56 target n / a stop loss @ 164.08. Details
  • Summary technical data tells us to buy CDNS near 164.56, but there is no current bullish target in the summary table. In this case, we have to wait until a summary table update has been made (which usually happens at the start of each trading day), or until the position is stopped. The data tells us to set a 164.08 stop loss to protect against an excessive loss in case the stock starts moving against the trade. 164.56 is the first level of support below 168.92, and by rule, any test of support is a buy signal. In this case, if 164.56 support is tested, a buy signal would exist.

  • NOTHING . Details
  • NOTHING .
    There are no current resistance levels in the summary table, and therefore there are no short resistance plans that tell us to short stress tests. Resistance levels have broken through upper levels and, unless the stock reverses below support levels, short positions look risky again.

Swing Trading Plans for CDNS
  • Buy CDNS on 169.32, target 175.31, Stop Loss @ 168.83 Details
  • If 169.32 starts to break higher, the technical data summary tells us to buy CDNS just above 169.32, with a bullish target of 175.31. The data also tells us to set a stop loss @ 168.83 in case the stock turns against the trade. 169.32 is the first resistance level above 168.92, and by rule, any breakout above resistance is a buy signal. In this case, 169.32, initial resistance, would be breaking higher so a buy signal would exist. Because this plan is based on a resistance break, it is called a long resistance plan.

  • CDNS short near 169.32, target 164.56, Stop Loss @ 169.81. Details
  • Technical summary data suggests a short sale of CDNS if it tests 169.32 with a bearish target of 164.56. We should have a stop loss in place at 169.81 in case the stock starts moving against the trade. Typically, any stress test is a short signal. In this case, if the resistance, 169.32 is tested, a short signal would exist. Because this plan is a short plan based on a stress test, it is called a short resistance plan.

Daily Trading Packages for CDNS
  • Buy CDNS on 169.32, target 172.02, Stop Loss @ 168.92 Details
  • If 169.32 starts to break higher, technical summary data tells us to buy CDNS just above 169.32, with a bullish target of 172.02. The data also tells us to set a stop loss @ 168.92 in case the stock turns against the trade. 169.32 is the first resistance level above 168.92, and by rule, any breakout above resistance is a buy signal. In this case, 169.32, initial resistance, would be breaking higher so a buy signal would exist. Because this plan is based on a resistance break, it is called a long resistance plan.

  • CDNS short near 169.32, target 166.74, Stop Loss @ 169.72. Details
  • The technical summary of the data suggests a short sale of CDNS if it tests 169.32 with a bearish target of 166.74. We should have a stop loss in place at 169.72 in case the stock starts moving against the trade. Typically, any stress test is a short signal. In this case, if the resistance, 169.32 is tested, a short signal would exist. Because this plan is a short plan based on a stress test, it is called a short resistance plan.

CDNS Technical Summary | Raw data for trading plans

Term → Near Environment Long
Bias Strong Neutral Strong
P1 0 0 140.90
P2 166.74 169.32 152.47
P3 172.02 175.31 164.56


CDNS Swing Trading analysis for October 29, 2021


CDNS Day Trading Analysis for October 29, 2021

This report was produced using AI developed by Stock Traders Daily. Over the past 20 years, this proprietary AI has been refined to help identify the most timely trading strategies for individual stocks and the stock markets themselves. This methodology is also applied to index options, ETFs and futures. The objective of this specific report is to optimize exchanges by Cadence Design Systems (NASDAQ: CDNS) while incorporating prudent risk controls.

Warning:

This is a static report, the data below was valid at the time of publication, but the support and resistance levels for CDNS change over time, so the report should be updated regularly. Real-time updates are provided to subscribers. Unlimited real-time reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and stock market crash protection using Evitar Corte.

Instructions:

The rules that govern the data in this report are the rules of technical analysis. For example, if CDNS is testing support, buy signals surface and resistance is the target. Conversely, if resistance is tested, it is a sign of controlling risk or selling, and support would be the target on the downside accordingly. In each case, the trigger point is designed to be both a great place to take a position (avoid trading in the middle of a trading channel) and it also acts as a level of risk control.

Swing Trades, Day Trades and Longer Term Trading Plans:

This data is refined to differentiate between trading plans for day trading, swing trading and long term investment plans for CDNS as well. All these elements are proposed under the summary table.

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Fundamental Charts for CDNS


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