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Downtrend Broken Resist.Archive
- 4/2/2026 -
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Cadence Design Systems (CDNS) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a first positive week after 4 consecutive negative weeks for the Cadence Design Systems (CDNS). During the week, the CDNS gained 6.95 points, or 2.56%, and closed at 278.72 on Thursday, April 2, 2026. It was the best weekly gain since February 13, 2026. Weekly volume was -10% below average.
 Long-term trend: [See CDNS long-term trend chart]
A long-term downtrend had started on July 31, 2025 at 376.45 and reached 262.75 on February 3, 2026. CDNS lost 113.70 points, or 30.20%, in 26 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 238.92 and resistance is at 292.12. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a long-term trend.
 Medium-term trend: [See CDNS medium-term trend chart]
A medium-term downtrend had started on February 18, 2026 at 311.70 and reached 268.80 on March 30, 2026. CDNS lost 42.90 points, or 13.76%, in 5 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Weekly Technical Indicators: [See CDNS weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 below its signal line since October 3, 2025. This is an indication that the medium-term trend is down. 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 March 30, 2026 at 268.80 and reached 281.60 on April 1, 2026. CDNS gained -12.80 points, or -4.76%, in 2 days. Price is near the Fibonacci 23.6% retracement level.
Daily Technical Indicators: [See CDNS daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range.
The daily MACD line is below its signal line since March 11, 2026. The distance between MACD and the signal line is low and getting smaller.
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