REPORTING FOR 2019-11-06 | LOGISTICS-BUSINESS-REVIEW.COM: We have done an in-depth analysis of how CDNS has been trading over the last 2 weeks and the past day especially. On its latest session, Cadence Design Systems, Inc. ($CDNS) opened at 67.14, reaching a high of 67.63 and a low of 66.55 before closing at a price of 67.3. There was a total volume of 1498111.
VOLUME INDICATORS FOR CADENCE DESIGN SYSTEMS, INC. ($CDNS): We saw an accumulation-distribution index of 369.93753, an on-balance volume of -66.88, chaikin money flow of 3.40816 and a force index of 2.4206. There was an ease of movement rating of 0.01108, a volume-price trend of -1.75698 and a negative volume index of 1000.0.
VOLATILITY INDICATORS FOR CADENCE DESIGN SYSTEMS, INC. ($CDNS): We noted an average true range of 1.13783, bolinger bands of 67.40022, an upper bollinger band of 64.76978, lower bollinger band of 66.55, a bollinger high band indicator of 1.0, bollinger low band indicator of 1.0, a central keltner channel of 67.10667, high band keltner channel of 66.61667, low band keltner channel of 67.59667, a high band keltner channel indicator of 1.0 and a low band keltner channel indicator of 1.0. There was a donchian channel high band of 66.55, a donchian channel low band of 66.55, a donchian channel high band indicator of 1.0, and a donchian channel low band indicator of 1.0.
TREND INDICATORS FOR CADENCE DESIGN SYSTEMS, INC. ($CDNS): We calculated a Moving Average Convergence Divergence (MACD) of -0.02087, a MACD signal of -0.01159, a MACD difference of -0.00927, a fast Exponential Moving Average (EMA) indicator of 66.55, a slow Exponential Moving Average (EMA) indicator of 66.55, an Average Directional Movement Index (ADX) of unknown, an ADX positive of 20.0, an ADX negative of 20.0, a positive Vortex Indicator (VI) of 1.0, a negative VI of 1.0, a trend vortex difference of 0.51724, a trix of -0.85918, a Mass Index (MI) of 1.0, a Commodity Channel Index (CCI) of -66.66667, a Detrended Price Oscillator (DPO) of 1.79025, a KST Oscillator (KST) of -26.19613 and a KST Oscillator (KST Signal) of -26.19613 (leaving a KST difference of -3.40209). We also found an Ichimoku rating of 67.385, an Ichimoku B rating of 67.385, a Ichimoku visual trend A of 69.25616, an Ichimoku visual trend B of 68.47362, an Aroon Indicator (AI) up of 4.0 and an AI indicator down of 4.0. That left a difference of -4.0.
MOMENTUM INDICATORS FOR CADENCE DESIGN SYSTEMS, INC. ($CDNS): We found a Relative Strength Index (RSI) of 50.0, a Money Flow Index (MFI) of 20.14014, a True Strength Index (TSI) of -100.0, an ultimate oscillator of -152.05913, a stochastic oscillator of 220.40816, a stochastic oscillator signal of 220.40816, a Williams %R rating of 120.40816 and an awesome oscillator of -0.15575.
RETURNS FOR CADENCE DESIGN SYSTEMS, INC. ($CDNS): There was a daily return of -2.61961, a daily log return of -1.4073 and a cumulative return of -1.39745.
What the heck does all of this mean? If you are new to technical analysis, the above may be gibberish to you, and that’s OK (though we do advise learning these things). The bottom line is that AS OF 2019-11-06 (if you are reading this later, the analysis will be out of date), here is what our deep analysis of technical indicators are telling us for Cadence Design Systems, Inc. ($CDNS)…
DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling Cadence Design Systems, Inc. ($CDNS) based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.