The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

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- 9/5/2025 -
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Cadence Design Systems (CDNS) Technical Analysis

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Summary:
Weekly :Broken trend support lineWilliams' Percentage Range is overbought
Daily :The Bollinger Bands are historically close together
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It was a second positive week after 3 consecutive negative weeks for the Cadence Design Systems (CDNS). During the week, the CDNS climbed 0.58 points, or 0.17%, and closed at 351.01 on Friday, September 5, 2025. Weekly volume was -43% below average.

Long-term trend: [See CDNS long-term trend chart]
A long-term uptrend had started on April 7, 2025 at 221.60 and reached 376.45 on July 31, 2025. CDNS gained -154.85 points, or -69.88%, in 16 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (380.52) is broken. A broken support is considered to be a long-term bearish signal. 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 long-term trend.

Medium-term trend: [See CDNS medium-term trend chart]
A medium-term downtrend had started on July 31, 2025 at 376.45 and reached 339.62 on August 20, 2025. CDNS lost 36.83 points, or 9.78%, in 2 weeks. The price is now at the 30.93% retracement level.

Weekly Technical Indicators: [See CDNS weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. 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 Williams' Percentage Range help.

The weekly MACD line is above its signal line since April 25, 2025. Use the following link to access a MACD help.

Short-term trend: [See CDNS short-term trend chart]
A short-term uptrend had started on September 3, 2025 at 340.57 and reached 355.31 on September 5, 2025. CDNS gained -14.74 points, or -4.33%, in 2 days. The price is now at the 29.17% retracement level.

Daily Technical Indicators: [See CDNS daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since August 8, 2025. The distance between MACD and the signal line is low and getting smaller.

The distance between the Bollinger Bands (3.81%) is close to one year low (5.48%). It is 75.49% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.99
Williams' Percentage Range (W%R) 25.40
Lane's Stochastic (%D-Slow) 52.42
Greed/Fear Indicator (GFI) 59.34
Moving Average Converg./Diverg. (MACD) 3.39
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 78.98
Williams' Percentage Range (W%R) 18.20
Overbought
Lane's Stochastic (%D-Slow) 69.15
Greed/Fear Indicator (GFI) 70.06
Moving Average Converg./Diverg. (MACD) 13.58
Trading Signals
Description Value Chart
Yearly Trendline Resistance 406.59
Yearly Trendline Support 380.52
Weekly Stochastic Crossing 354.29
Upper Bollinger Band 354.28
Price 351.01
20 Day Moving Average 348.99
Daily Stochastic Crossing 347.81
Parabolic System 341.43
Lower Bollinger Band 340.94
50 Day Moving Average 337.84
Sector and Industry
Description Name Rank
Sector Information Technology 5
Industry Application Software 42
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 340.57
Low Date 09/03/2025
High 355.31
High Date 09/05/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 340.57
Low Date 09/03/2025
High 355.31
High Date 09/05/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 339.62
Low Date 08/20/2025
High 355.49
High Date 08/28/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 376.45
High Date 07/31/2025
Low 339.62
Low Date 08/20/2025
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 406.59
Support 380.52
Low 221.60
Low Date 04/07/2025
High 376.45
High Date 07/31/2025
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.