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

CDNS — oversold signal, 19 May

short term
RSI(2)0.9
RSI(14)52.1
Close $ · flag day338.12
Off 20-day high−7.4%
Avg volume2.5M

What followed

DateClose $ 5-day avg.vs flag close
19 May338.12347.75+0.0%
20 May350.89347.02+3.8%
21 May358.46348.14+6.0%
22 May373.59353.41+10.5%
26 May381.75360.56+12.9%
27 May374.05367.75+10.6%
28 May373.85372.34+10.6%
29 May374.93375.63+10.9%
01 Jun414.16383.75+22.5%
02 Jun416.39390.68+23.1%
03 Jun408.00397.47+20.7%

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