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

CDNS — oversold signal, 18 May

short term
RSI(2)3.3
RSI(14)58.0
Close $ · flag day345.99
Off 20-day high−5.2%
Avg volume2.5M

What followed

DateClose $ 5-day avg.vs flag close
18 May345.99351.73+0.0%
19 May338.12347.75-2.3%
20 May350.89347.02+1.4%
21 May358.46348.14+3.6%
22 May373.59353.41+8.0%
26 May381.75360.56+10.3%
27 May374.05367.75+8.1%
28 May373.85372.34+8.1%
29 May374.93375.63+8.4%
01 Jun414.16383.75+19.7%
02 Jun416.39390.68+20.3%

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 18 May. The freshest lists go out in the daily alert at 21:30 CET.