CADENCE DESIGN SYSTEMS, INC. (CDNS) Technical Analysis

🔺 Technical Setup

🎯 Decision Map

The next meaningful technical decision is likely to occur between support at 308.64 and resistance at 364.90. Clearing resistance would strengthen the constructive case, while a failure through support would damage the present setup. Pattern-based invalidation is near 260.74; losing that area would weaken the active formation considerably.

📊 Technical Summary

CADENCE DESIGN SYSTEMS, INC. (CDNS) closed at 329.59 (-0.11%). The chart remains in a constructive trend regime, with price holding above both the 50-day and 200-day moving averages. 20-day momentum is notably strong at +17.63%, with price remains inside its roughly 52-week range (265.66–373.37), while ATR14 volatility is running near 4.27% of price. RSI(14) is 61.4, which keeps short-term momentum constructive without being overly stretched. RSI has been drifting lower recently, suggesting that upside momentum may be cooling slightly. MACD remains above its signal line, which keeps the momentum structure biased to the upside. The MACD histogram remains positive, although upside momentum is not accelerating further. From a pattern perspective, the main active signal is Double bottom. The nearest decision zone is framed by support at 308.64 and resistance at 364.90. A move through resistance would improve the short-term technical tone, while a loss of support would weaken the current structure. Latest fundamentals snapshot: Revenue: 1.34B · Net income: 287.12M · EPS (basic): 1.06. The interactive view adds overlays, pattern context and broader chart structure for deeper review.

Explore more