The Greedy Trader Weekly Analysis
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Uptrend Broken Support

Uptrend Broken Support stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Stock market alert is a warning signal. Uptrend Broken Support alert is a confirmation that long term uptrend reversal is completed and a new downtrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of support trendline. This point is considered as a second chance to sell long position (or open short positions) in uptrend reversal.

Uptrend Broken Support

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- 8/22/2025 -
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Cadence Design Systems (CDNS) Technical Analysis

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Summary:
Weekly :Broken trend support lineWilliams' Percentage Range is overboughtStochastic signal line moved below overbought areaTrend resistance at 350.28
Daily :Stochastic signal line moved above oversold area
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It was the negative week for the Cadence Design Systems (CDNS). During the week, the CDNS gave back -0.25 points, or -0.07%, and closed at 349.63 on Friday, August 22, 2025. Weekly volume was -24% below average.

Long-term trend: [See CDNS long-term trend chart]
A long-term uptrend had started on April 7, 2025 at 221.60 and reached 376.45 on July 31, 2025. CDNS gained -154.85 points, or -69.88%, in 16 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (354.36) 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 long-term trend.

Medium-term trend: [See CDNS medium-term trend chart]
A medium-term downtrend had started on July 31, 2025 at 376.45 and reached 339.62 on August 20, 2025. CDNS lost 36.83 points, or 9.78%, in 2 weeks. The chart has formed a Falling Wedge chart pattern. The price is near the trend resistance line (350.28). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a medium-term trend.

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. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish 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 above its signal line since April 25, 2025. The distance between MACD and the signal line is relatively high, but getting smaller. 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 August 20, 2025 at 339.62 and reached 354.96 on August 22, 2025. CDNS gained -15.34 points, or -4.52%, in 2 days. The price is now at the 34.75% retracement level.

Daily Technical Indicators: [See CDNS daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal.

The daily MACD line is below its signal line since August 8, 2025.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 33.88
Williams' Percentage Range (W%R) 58.10
Lane's Stochastic (%D-Slow) 40.41
Greed/Fear Indicator (GFI) 38.72
Moving Average Converg./Diverg. (MACD) 7.41
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.79
Williams' Percentage Range (W%R) 18.00
Overbought
Lane's Stochastic (%D-Slow) 79.21
Greed/Fear Indicator (GFI) 74.71
Moving Average Converg./Diverg. (MACD) 11.56
Trading Signals
Description Value Chart
Yearly Trendline Resistance 401.86
Upper Bollinger Band 363.84
Weekly Stochastic Crossing 360.13
Parabolic System 359.87
Yearly Trendline Support 354.36
20 Day Moving Average 354.05
Quarterly Trendline Resistance 350.28
Price 349.63
Daily Stochastic Crossing 345.95
Quarterly Trendline Support 338.64
Lower Bollinger Band 329.75
50 Day Moving Average 328.97
Sector and Industry
Description Name Rank
Sector Information Technology 6
Industry Application Software 48
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 339.62
Low Date 08/20/2025
High 354.96
High Date 08/22/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 339.62
Low Date 08/20/2025
High 354.96
High Date 08/22/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 339.62
Low Date 08/20/2025
High 354.96
High Date 08/22/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Test Resistance
Resistance 350.28
Support 338.64
High 376.45
High Date 07/31/2025
Low 339.62
Low Date 08/20/2025
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 401.86
Support 354.36
Low 221.60
Low Date 04/07/2025
High 376.45
High Date 07/31/2025
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.