July 02, 2025, 16:22 pm ET, BY Patrick- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for CDNS
The technical summary data tells us to buy CDNS near 293.35 with an upside target of 323.5. This data also tells us to set a stop loss @ 292.5 to protect against excessive loss in case the stock begins to move against the trade. 293.35 is the first level of support below 310.95 , and by rule, any test of support is a buy signal. In this case, support 293.35 is being tested, a buy signal would exist.
The technical summary data is suggesting a short of CDNS as it gets near 323.5 with a downside target of 293.35. We should have a stop loss in place at 324.43though. 323.5 is the first level of resistance above 310.95, and by rule, any test of resistance is a short signal. In this case, if resistance 323.5 is being tested, a short signal would exist.
Swing Trading Plans for CDNS
If 311.05 begins to break higher, the technical summary data tells us to buy CDNS just slightly over 311.05, with an upside target of 323.5. The data also tells us to set a stop loss @ 310.15 in case the stock turns against the trade. 311.05 is the first level of resistance above 310.95, and by rule, any break above resistance is a buy signal. In this case, 311.05, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
The technical summary data is suggesting a short of CDNS if it tests 311.05 with a downside target of 300.48. We should have a stop loss in place at 311.95 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 311.05, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for CDNS
If 311.05 begins to break higher, the technical summary data tells us to buy CDNS just slightly over 311.05, with an upside target of 314.87. The data also tells us to set a stop loss @ 310.32 in case the stock turns against the trade. 311.05 is the first level of resistance above 310.95, and by rule, any break above resistance is a buy signal. In this case, 311.05, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
The technical summary data is suggesting a short of CDNS if it tests 311.05 with a downside target of 308.74. We should have a stop loss in place at 311.78 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 311.05, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Real Time Updates for Repeat Institutional Readers:
From then on you can just click to get the real time update whenever you want.
GET REAL TIME UPDATES
With an objective approach to Cadence Design Systems Inc. (NASDAQ: CDNS), Stock Traders Daily attempts to go with the flow of the market by utilizing a combination of market analysis and stock analysis.
Warning:
This is a static report, the data below was valid at the time of the publication, but support and resistance levels for CDNS change over time, so the report should be updated regularly. Real Time updates are provided to subscribers. Unlimited Real Time Reports.
Read more on Stock Traders Daily
