Oct 8, 2026 at 5:09 AM
•
$356.12
(-0.96%)
Shares of Cadence Design Systems Inc (CDNS) declined 0.96% to $356.12 on October 8.
From a technical standpoint, the outlook appears bullish:
Moving Averages
Price trades above the 9-day EMA ($342.24) with a bullish stack. The 21-day EMA at $326.96 provides support.
Momentum
RSI at 71.0 is elevated in overbought zone, which often precedes pullbacks. MACD reads 11.74 against its 4.80 signal line (bullish).
Volatility
Bollinger Band width at 37.1% indicates normal volatility.
While the trend remains bullish, elevated RSI warrants caution for new entries at current levels.
Watch $255.76 as support and $372.07 as resistance.