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Application Software Industry Stocks Technical Analysis - CDNSArchive
- 5/2/2025 -
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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 18.55 points, or 6.41%, and closed at 308.15 on Friday, May 2, 2025. Weekly volume was 49% above average.
 Long-term trend: [See CDNS long-term trend chart]
A long-term downtrend had started on June 20, 2024 at 328.99 and reached 221.60 on April 7, 2025. CDNS lost 107.39 points, or 32.64%, in 41 weeks. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern. The trend support level is at 218.64 and resistance is at 323.75. A Broadening Descending 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 Right-Angled, Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Descending Wedge pattern in a long-term trend.
 Medium-term trend: [See CDNS medium-term trend chart]
A medium-term uptrend had started on April 7, 2025 at 221.60 and reached 310.58 on May 2, 2025. CDNS gained -88.98 points, or -40.15%, in 3 weeks. Price is near the trend high.
 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.
During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 April 10, 2025 at 245.00 and reached 310.58 on May 2, 2025. CDNS gained -65.58 points, or -26.77%, in 22 days. Price is near the trend high.
 Daily Technical Indicators: [See CDNS daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range and Lane's Stochastic. Use the following link to access Lane's Stochastic help.
The daily MACD line is above its signal line since April 9, 2025. This is an indication that the short-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term uptrend is strong.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Information Technology |
4 |
| Industry |
Application Software |
65 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
245.00 |
| Low Date |
04/10/2025 |
| High |
310.58 |
| High Date |
05/02/2025 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
245.00 |
| Low Date |
04/10/2025 |
| High |
310.58 |
| High Date |
05/02/2025 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
245.00 |
| Low Date |
04/10/2025 |
| High |
310.58 |
| High Date |
05/02/2025 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
221.60 |
| Low Date |
04/07/2025 |
| High |
310.58 |
| High Date |
05/02/2025 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Broadening Right-Angled, Descending Wedge |
| Status |
Valid |
| Resistance |
323.75 |
| Support |
218.64 |
| High |
328.99 |
| High Date |
06/20/2024 |
| Low |
221.60 |
| Low Date |
04/07/2025 |
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