CDNS Sees Bearish MACD Divergence at $318.89

Cadence Design Systems Inc (CDNS) closed up 0.36% at $318.89 on December 27.

Technical indicators paint a mixed picture:

• Moving Averages: Mixed signals with price near the 9-day EMA ($318.88). The 21-day EMA sits at $321.07.
• Momentum: RSI at 51.5 is in neutral territory but trending higher. MACD is bearish (-1.64 vs signal -1.01).
• Volatility: Bollinger Band width at 12.4% indicates normal volatility.

Key levels to watch: Support at $303.52, Resistance at $343.64.