Closing Note
updated 2026-07-24 09:49 UTC

CDNS — oversold signal, 15 May

short term
4.3RSI(2)
59.0RSI(14)
347.24close $ on flag day
−4.9%off 20-day high
2.6Mavg daily volume

What followed

DateClose $ 5-day avg.vs flag close
15 May347.24355.37+0.0%
18 May345.99351.73-0.4%
19 May338.12347.75-2.6%
20 May350.89347.02+1.1%
21 May358.46348.14+3.2%
22 May373.59353.41+7.6%
26 May381.75360.56+9.9%
27 May374.05367.75+7.7%
28 May373.85372.34+7.7%
29 May374.93375.63+8.0%
01 Jun414.16383.75+19.3%

The rule flags the close; the strategy's exit is the first close above the 5-day average, or six trading days, whichever comes first. Shown for research — not every flag is traded.

Research chart

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From the oversold list of 15 May. The freshest lists go out in the daily alert at 21:30 CET.