|
|
Downtrend Broken Resist.Archive
- 7/24/2026 -
Sign In to see current Signals. |
Cadence Design Systems (CDNS) Technical Analysis
|
 |
| Summary:
| | Weekly :  | | Daily :
Move cursor over the icon to see details.
| | It was the negative week for the Cadence Design Systems (CDNS). During the week, the CDNS dropped -3.87 points, or -1.17%, and closed at 326.24 on Friday, July 24, 2026. Weekly volume was 14% above average.
CDNS is a member of Application Software Industry. Application Software is the tenth most oversold industry. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See CDNS long-term trend chart]
A long-term uptrend had started on February 3, 2026 at 262.75 and reached 416.69 on June 2, 2026. CDNS gained -153.94 points, or -58.59%, in 17 weeks. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The trend support level is at 264.37 and resistance is at 469.18. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Right-Angled, Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Ascending Wedge pattern in a long-term trend.
 Medium-term trend: [See CDNS medium-term trend chart]
A medium-term downtrend had started on June 2, 2026 at 416.69 and reached 320.07 on July 17, 2026. CDNS lost 96.62 points, or 23.19%, in 6 weeks. The chart has formed a Falling Channel chart pattern. The downtrend support line (360.49) is broken. Usually a broken support is considered to be a long-term bearish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.
 Weekly Technical Indicators: [See CDNS weekly technical indicators chart]
Weekly technical indicators are neutral.
During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help.
 Short-term trend: [See CDNS short-term trend chart]
A short-term downtrend had started on July 13, 2026 at 391.00 and reached 320.07 on July 17, 2026. CDNS lost 70.93 points, or 18.14%, in 4 days. The price is now at the 8.70% retracement level.
 Daily Technical Indicators: [See CDNS daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Lane's Stochastic. Daily MACD has bullish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.
The daily MACD line is below its signal line since June 8, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.
| |
|
|