Closing Note
updated 2026-07-24 14:52 UTC

CDNS — oversold signal, 15 May

short term
RSI(2)4.3
RSI(14)59.0
Close $ · flag day347.24
Off 20-day high−4.9%
Avg volume2.6M

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

Loads on click from tradingview.com; their privacy terms apply. Verify the signal yourself.

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