Is Cadence Design Systems, Inc. technically bullish or bearish?

As of 10 October 2025, the technical trend for Cadence Design Systems, Inc. has changed from mildly bullish to sideways. The current stance is neutral, with mixed signals across different time frames. The weekly MACD and KST are both mildly bearish, while the monthly MACD is bullish. The Bollinger Bands indicate a bearish trend on the weekly chart but a mildly bullish trend on the monthly chart. Daily moving averages show a mildly bullish stance.
In terms of performance, the stock has underperformed the S&P 500 over the past week and month, with returns of -5.84% and -3.41% compared to -2.43% and 0.31% for the index, respectively. However, it has outperformed the S&P 500 on a year-to-date basis (8.83% vs. 11.41%) and over the past year (16.52% vs. 13.36%). Overall, the mixed indicators suggest caution in the current market environment.