Is Cadence Design Systems, Inc. technically bullish or bearish?
As of June 13, 2025, the market trend is bullish with moderate strength, supported by a bullish MACD and KST on the weekly timeframe, although caution is advised due to mildly bearish monthly indicators.
As of 13 June 2025, the technical trend has changed from mildly bullish to bullish. The current stance is bullish with moderate strength. Key indicators driving this include a bullish MACD on the weekly timeframe, mildly bullish Bollinger Bands on both weekly and monthly timeframes, and a bullish KST on the weekly. However, the monthly MACD and KST are mildly bearish, indicating some caution. The daily moving averages are mildly bullish, supporting the overall bullish sentiment. Despite recent underperformance compared to the S&P 500 over the past month and year, the longer-term performance remains strong.
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