Aug 20, 2026 at 9:01 PM
•
$313.59
(-0.45%)
Cadence Design Systems Inc (CDNS) slipped 0.45% to $313.59 on August 20.
Technical indicators paint a bearish picture:
Momentum
RSI at 30.1 is neutral but weakening. MACD reads -10.30 against its -9.56 signal line (bearish).
Moving Averages
The stock trades below its 9-day EMA ($321.87) with the 21-day ($331.36) acting as overhead resistance.
Volatility
Volatility has been compressing for 8 sessions (TTM Squeeze active), often a precursor to directional moves.
Despite the bearish EMA structure, oversold RSI suggests patient buyers may find opportunity near $312.33.
Support sits at $312.33 with resistance at $348.31.