Cadence Design Systems ( NASDAQ:CDNS ), a San Jose-based electronic design automation software manufacturer, has released its first-quarter financial results. The company reported adjusted earnings of $1.17 per share on sales of $1.01 billion, beating FactSet's estimated earnings of $1.13 per share on sales of $1 billion. However, compared to the same period last...
CDNS located in California is a software firm supporting computer assisted design ( ACAD) for the semi-conductor industry. While its customer base gets the headlines, this company helps make it happen. The 120 minute chart looks good as price is uptrending with good volume and relative strength. Earnings have been solid and another is around the corner. Price...
CDNS is currently in an ascending wedge with bearish RSI divergence. Look for a break of trend on smaller timeframe for entry, SL above last swing high, moving SL to BE when safe to do so.
Looking for a break below 221.93, potential stop signal above 230.23, potential target 1: 201.53 (200sma) target 2: 152.23 // Insider selling during June July and August. (Disclosure : I own Sep $230 Puts in CDNS currently)
Entry: with price above 239.90 Volume: with volume greater than 3.32M Target: 257.5 area Stop: Depends on your risk tolerance; Based on an entry of 239.91, a stop of 232.84 gets you 3/1 Reward to Risk Ratio. This swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed...
Intitial W is the same yet a little bit smaller It provided a lane for price to extend a lot during the right arm of the W The second one is currently experiencing the right arm of the W and looks to extend like the first Bullish fractal
SOX has been diverging from SPY last couple of days, which is unusual. SOX had 50/200 EMA xover Friday. SOX is extended, could pull back to prior swing high at 2913 (-3.25%) where there is good support. Watch these tech stocks with earnings coming up next 10 days, all daily charts look bullish (except CSCO, which is debatable). All also have positive point &...
4Hr Chart for CDNS The red hammer suggests the two points are comparable, and we are headed for a downward move The second scenario is that the middle green line hodls and price continues up through the higher triangle area Orange line emphasizes the bear scenario trend line
CDNS High-risk Initial Long. SL and TP on the chart. If CFD 10-20x leverage. Move SL on TP.
Cadence Design Systems ( NASDAQ:CDNS ) doesn't look very strong and is starting to regain downward momentum. If it doesn't break through the resistance line ($156-$158) in the coming weeks, I anticipate it will close the tiny gap between $136.96 and $137.11 and then test support near $125-$126 (if not lower to $120 - dotted blue line). Death cross started in...
Is it time for overpriced tech stocks like Cadence Design Systems , specialising in software and hardware, to go into considerable correction to let some steam out? Fundamental indicators: Revenue and Profits - demonstrated consistent long-term earnings growth over the past 10 years Profit margin - 23% in 2021 but dropped from 42% in 2020 P/E -...
Bearish divergence on 4H and Daily. Daily stoch RSI turning down after overbought condition, stoch RSI already declining on 4H. Divergence on MACD-H and EFI as well. Entry: 158.85 Stop: 164,13 TP1: 148.1 TP 2: 145,6
The range resistance level could be broken upwards with the minimum target level around 180.
A daily close above $129 should bring CDNS up to at least close the gap.
Both weekly and daily demand zones look shaky and precarious. There are still AKAM and NET. Diversify your CDN and edge computing plays.
Like I stated before, if price goes back above 90 and successfully retest the lvl, then bulls have the chance. If not, potential play is to build up shorts inside supply zones, then close the shorts and flip long once the price lvl is inside the buy zone.
Hi guys, me again. Let’s get on with some more signals. EURUSD – the price is in a resistance at 1.13. If the price holds above – long with a target at 1.1340, but if it’s a false breakout, short with a target at 1.1260 GBPUSD – the price got a bounce for the level at 1.25, I recommend a short with a target at 1.2430 USDCAD – the price is in a range...
CDNS is at risk of a topping formation, but has bounced on its top completion support level. If the stock breaks through this support, the next level of support is below $50.