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Application Software Industry Stocks Technical Analysis - CDNSArchive
- 9/18/2026 -
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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 dropped -6.47 points, or -2.24%, and closed at 282.90 on Friday, September 18, 2026. Weekly volume was 23% above 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 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 price is now at the 87.27% retracement level.
 Medium-term trend: [See CDNS medium-term trend chart]
A medium-term downtrend had started on August 27, 2026 at 347.72 and reached 273.07 on September 15, 2026. CDNS lost 74.65 points, or 21.47%, in 2 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (266.64) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a medium-term trend.
 Weekly Technical Indicators: [See CDNS weekly technical indicators chart]
Weekly 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 weekly Lane's Stochastic or strongly oversold weekly Williams' Percentage Range. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. 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 weekly MACD line is below its signal line since July 17, 2026. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term downtrend is strong. 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 September 15, 2026 at 273.07 and reached 285.55 on September 17, 2026. CDNS gained -12.48 points, or -4.57%, in 2 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Daily Technical Indicators: [See CDNS daily technical indicators chart]
Daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. Use the following link to access Relative Strength Index help.
The daily MACD line is below its signal line since September 2, 2026. The distance between MACD and the signal line is low and getting smaller.
The distance between the Bollinger Bands (33.43%) is close to one year high (26.88%). It is 123.55% higher then one year average. It indicates the period of high volatility of the stock price, and it is considered a sell signal for the option traders. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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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 |
9 |
| Industry |
Application Software |
77 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
273.07 |
| Low Date |
09/15/2026 |
| High |
285.55 |
| High Date |
09/17/2026 |
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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 |
|
| Low |
273.07 |
| Low Date |
09/15/2026 |
| High |
285.55 |
| High Date |
09/17/2026 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Wedge |
| Status |
Broken Resistance |
| Resistance |
266.24 |
| Support |
266.64 |
| High |
347.72 |
| High Date |
08/27/2026 |
| Low |
273.07 |
| Low Date |
09/15/2026 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
416.69 |
| High Date |
06/02/2026 |
| Low |
273.07 |
| Low Date |
09/15/2026 |
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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 |
263.38 |
| Low Date |
04/10/2026 |
| High |
416.69 |
| High Date |
06/02/2026 |
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