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Downtrend Broken Resist.Archive
- 10/23/2026 -
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Cadence Design Systems (CDNS) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Cadence Design Systems (CDNS). During the week, the CDNS gave back -3.02 points, or -0.95%, and closed at 316.49 on Friday, October 23, 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 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 price is now at the 65.09% retracement level.
 Medium-term trend: [See CDNS medium-term trend chart]
A medium-term uptrend had started on September 15, 2026 at 273.07 and reached 361.91 on October 6, 2026. CDNS gained -88.84 points, or -32.53%, in 3 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (327.59) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. CDNS may retest the broken support line. It is considered to be a resistance line now. 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.
The weekly MACD line is below its signal line since July 17, 2026. The distance between MACD and the signal line is low, but getting bigger. 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 October 6, 2026 at 361.91 and reached 305.19 on October 23, 2026. CDNS lost 56.72 points, or 15.67%, in 17 days. The price is now at the 19.92% retracement level.
 Daily Technical Indicators: [See CDNS daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The daily MACD line is below its signal line since October 14, 2026. This is an indication that the short-term trend is down.
Price is close to the 50 Day Moving Average. While daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
 Candlestick pattern: [See CDNS candlestick chart pattern]
On Friday the chart has formed a Bullish Piercing Line Candlestick pattern. This pattern suggests bulls have begun to take charge of the market, and shorts have been shaken by the sudden lost of bearish momentum. The reliability of the Bullish Piercing Line pattern is moderate. Use the Technical Stock Screener to see the list of stocks that had a Bullish Piercing Line Candlestick pattern during the last week.
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