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Downtrend Broken Resist.Archive
- 3/20/2026 -
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Cadence Design Systems (CDNS) Technical Analysis
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| Summary:
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| | It was the negative week for the Cadence Design Systems (CDNS). During the week, the CDNS dropped -3.13 points, or -1.09%, and closed at 283.90 on Friday, March 20, 2026. Weekly volume was -7% 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 244.49 and resistance is at 297.69. 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 277.30 on February 24, 2026. CDNS lost 34.40 points, or 11.04%, in 0 weeks. The price is now at the 19.19% retracement level.
 Weekly Technical Indicators: [See CDNS weekly technical indicators chart]
Weekly technical indicators are neutral.
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 downtrend had started on March 17, 2026 at 300.94 and reached 281.46 on March 20, 2026. CDNS lost 19.48 points, or 6.47%, in 3 days. The price is now at the 12.53% 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 March 11, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.
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