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Uptrend Broken SupportArchive
- 6/13/2025 -
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Cadence Design Systems (CDNS) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a second consecutive positive week for the Cadence Design Systems (CDNS). During the week, the CDNS gained 3.05 points, or 1.03%, and closed at 300.00 on Friday, June 13, 2025. Weekly volume was -24% below average.
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 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 price is now at the 73.00% retracement level.
 Medium-term trend: [See CDNS medium-term trend chart]
A medium-term uptrend had started on May 29, 2025 at 276.61 and reached 310.95 on June 9, 2025. CDNS gained -34.34 points, or -12.41%, in 1 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (319.16) is broken. A broken support is considered to be a long-term bearish signal. 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 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 25, 2025. This is an indication that the medium-term trend is up. 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 9, 2025 at 310.95 and reached 299.62 on June 13, 2025. CDNS lost 11.33 points, or 3.64%, in 4 days. Price is near the trend low.
 Daily Technical Indicators: [See CDNS daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since May 20, 2025. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
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