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Archive
- 5/29/2026 -
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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 1.34 points, or 0.36%, and closed at 374.93 on Friday, May 29, 2026. Weekly volume was 15% 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 downtrend had started on July 31, 2025 at 376.45 and reached 262.75 on February 3, 2026. CDNS lost 113.70 points, or 30.20%, in 26 weeks. Price is near the highest trend level.
 Medium-term trend: [See CDNS medium-term trend chart]
A medium-term uptrend had started on April 10, 2026 at 263.38 and reached 383.80 on May 27, 2026. CDNS gained -120.42 points, or -45.72%, in 6 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 338.05 and resistance is at 401.40. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See CDNS weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought 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 weekly MACD line is above its signal line since April 17, 2026. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend 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 May 20, 2026 at 331.56 and reached 383.80 on May 27, 2026. CDNS gained -52.24 points, or -15.76%, in 7 days. The price is now at the 16.98% 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.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
 Candlestick pattern: [See CDNS candlestick chart pattern]
On Friday the chart has formed a Bullish Doji Candlestick pattern. Use the Technical Stock Screener to see the list of stocks that had a Bullish Doji Candlestick pattern during the last week.
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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 |
10 |
| Industry |
Application Software |
70 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
383.80 |
| High Date |
05/27/2026 |
| Low |
366.99 |
| Low Date |
05/28/2026 |
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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 |
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| Low |
331.56 |
| Low Date |
05/20/2026 |
| High |
383.80 |
| High Date |
05/27/2026 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Valid |
| Resistance |
401.40 |
| Support |
338.05 |
| Low |
263.38 |
| Low Date |
04/10/2026 |
| High |
383.80 |
| High Date |
05/27/2026 |
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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 |
262.75 |
| Low Date |
02/03/2026 |
| High |
383.80 |
| High Date |
05/27/2026 |
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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 |
376.45 |
| High Date |
07/31/2025 |
| Low |
262.75 |
| Low Date |
02/03/2026 |
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