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Downtrend Broken Resist.Archive
- 6/12/2026 -
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Cadence Design Systems (CDNS) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a fourth consecutive positive week for the Cadence Design Systems (CDNS). During the week, the CDNS gained 8.77 points, or 2.33%, and closed at 384.96 on Friday, June 12, 2026. CDNS was trading at average weekly trading volume.
CDNS is a member of Information Technology Sector. Information Technology is the most overbought sector. 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 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 price is now at the 107.48% retracement level.
 Medium-term trend: [See CDNS medium-term trend chart]
A medium-term uptrend had started on April 10, 2026 at 263.38 and reached 416.69 on June 2, 2026. CDNS gained -153.31 points, or -58.21%, in 7 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 370.51 and resistance is at 442.53. 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See CDNS weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. 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 weekly MACD line is above its signal line since April 17, 2026. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. 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 June 2, 2026 at 416.69 and reached 373.54 on June 5, 2026. CDNS lost 43.15 points, or 10.36%, in 3 days. The price is now at the 26.47% retracement level.
 Daily Technical Indicators: [See CDNS daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
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