MACD Warns of CDNS Weakness at $318.89
BearishCadence Design Systems Inc (CDNS) closed up 0.36% at $318.89 on December 29.
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 $320.89.
Momentum
RSI at 55.4 is in neutral territory but trending higher. MACD is bearish (-1.63 vs signal -0.99).