Question 1

What implications does the 10-day RSI indicator have for CDNS?

Accepted Answer

The RSI Oscillator for CDNS moved out of oversold territory on August 06, 2024. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 22 similar instances when the indicator left oversold territory. In 20 of the 22 cases the stock moved higher. This puts the odds of a move higher at 0%.

Question 2

What does the Stochastic Oscillator suggest about CDNS's trend?

Accepted Answer

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 6 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Question 3

How did CDNS's Momentum indicator behave recently?

Accepted Answer

The Momentum Indicator moved above the 0 level on August 08, 2024. You may want to consider a long position or call options on CDNS as a result. In 68 of 87 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 0%.

Question 4

What does MACD indicator imply for CDNS?

Accepted Answer

The Moving Average Convergence Divergence (MACD) for CDNS just turned positive on August 09, 2024. Looking at past instances where CDNS's MACD turned positive, the stock continued to rise in 36 of 48 cases over the following month. The odds of a continued upward trend are 0%.

Question 5

What does a 3-day price advance indicate for CDNS?

Accepted Answer

Following a +0.66% 3-day Advance, the price is estimated to grow further. Considering data from situations where CDNS advanced for three days, in 268 of 355 cases, the price rose further within the following month. The odds of a continued upward trend are 0%.

Question 6

What does a 3-day decline signify for CDNS's future price movement?

Accepted Answer

Following a 3-day decline, the stock is projected to fall further. Considering past instances where CDNS declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 0%.

Question 7

How does the Aroon Indicator reflect on CDNS's trend?

Accepted Answer

The Aroon Indicator for CDNS entered a downward trend on August 14, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

CDNS Stock Cadence Design Systems (CDNS, $296.42) price moved above its 50-day Moving Average on June 05, 2024

CDNS's RSI Oscillator recovers from oversold territory

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