CDNS

CDNS

Cadence Design Systems Inc
Technology
$315.92 -0.98% As of Aug 24, 9:02 PM
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Technical Analysis

Energy Building: CDNS Consolidates Tightly at $315.92

Neutral
Aug 24, 2026 at 9:02 PM • $315.92 (-0.98%)

Shares of Cadence Design Systems Inc (CDNS) declined 0.98% to $315.92 on August 24.

Key indicators suggest a bearish bias:

Moving Averages Price sits below both the 9-day ($320.22) and 21-day ($328.93) EMAs, suggesting short-term weakness.
Momentum RSI at 35.2 is in neutral territory but trending higher. MACD reads -9.84 against its -9.68 signal line (bearish).
Volatility Volatility has been compressing for 10 sessions (TTM Squeeze active), often a precursor to directional moves.

Watch $309.73 as support and $347.92 as resistance.

Explosive Move Brewing? CDNS Squeezes at $319.02

Neutral
Aug 22, 2026 at 6:58 PM • $319.02 (+1.74%)

Squeeze Play: CDNS Preps for Breakout at $319.02

Neutral
Aug 21, 2026 at 9:02 PM • $319.02 (+1.74%)

CDNS Volatility Squeeze Intensifies at $313.59

Neutral
Aug 20, 2026 at 9:01 PM • $313.59 (-0.45%)

CDNS Consolidation Compresses at $314.98

Neutral
Aug 19, 2026 at 9:02 PM • $314.98 (-0.49%)
Systematic technical analysis • Updated daily after market close
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Market Summary

Current Price $315.92
Daily Change -0.98%
Sentiment Neutral
Sector Technology
Last Updated Aug 24

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Disclaimer: This analysis is for educational purposes only. Options trading involves substantial risk. Past performance does not guarantee future results.