For its latest trading sesion, Cadence Design Systems, Inc. (NASDAQ:CDNS) spiked up by 1.9% – here is what that looked like (as of 2019-11-28):
What is the cause of all this?? To understand this better, We ought to analyze some technical indicators. As we see it, you should pay the most attention to the following:
A Money Flow Index (MFI) of 100.0, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of 100.0, a Moving Average Convergence Divergence (MACD) of -0.026, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 1.093, an Accumulation/Distribution Index (ADI) of 1.093, an On-Balance Volume (OBV) of 161.85, and a Chaiikin Money Flow (CMF) of -69.53. 1.258
So what do these technical indicators mean? Let’s see. According to Trading View, we can conclude the following:
So there you have it – our analysis of Cadence Design Systems, Inc. (NASDAQ:CDNS). Note this is technical analysis only! You should do fundamental research as well, and do not just rely on this – we take no responsibility for any losses incurred if you buy or sell based on the above.
2335 Holt Street, SAINT CROIX IN 47576