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Application Software Industry Stocks Technical Analysis - CDNSArchive
- 4/17/2025 -
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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 climbed 0.72 points, or 0.28%, and closed at 260.22 on Thursday, April 17, 2025. CDNS was trading at average weekly trading volume.
CDNS is a member of Information Technology Sector. Information Technology is the most oversold 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. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Medium-term trend: [See CDNS medium-term trend chart]
A medium-term downtrend had started on December 4, 2024 at 326.19 and reached 221.60 on April 7, 2025. CDNS lost 104.59 points, or 32.06%, in 17 weeks. Price is near the Fibonacci 38.2% 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 February 14, 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 uptrend had started on April 7, 2025 at 221.60 and reached 266.70 on April 9, 2025. CDNS gained -45.10 points, or -20.35%, in 2 days. The price is now at the 14.37% retracement level.
 Daily Technical Indicators: [See CDNS daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and 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 links to access Lane's Stochastic and Williams' Percentage Range 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.
Price is close to the 50 Day Moving Average. While daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance 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.
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