Cadence Design Systems (CDNS) Chart Patterns, Support & Resistance & Technical Analysis

Auto-detected technical analysis for CDNS · data as of Aug 4, 2026. The chart above is live; the read below updates daily.

$340.62last close · Aug 4, 202652-week range $262.75 – $416.69 · 18.26% below the high

CDNS Falling Wedge Pattern

CDNS is currently forming a falling wedge on the daily timeframe. Detected Aug 4, 2026.

A falling wedge is a brief, tidy pause that typically continues the move higher. A breakout projects a measured-move target near $317.29 (+11.0%). Across 8,465 backtested falling wedges, the setup followed through 56.2% of the time, averaging +0.55R; CDNS's own falling wedges have hit 58.3%.

DirectionBullishTarget$317.29Projected move+11.0%Breakout level$286.77

New to this pattern? What a falling wedge is and how to trade it →

CDNS's Most Recent Falling Wedge Trade

CDNS's most recent completed falling wedge resolved as a win: it broke higher on Apr 14, 2026 near $293.31, then reached its target at $352.84 on May 14, 2026 — a +1.99R move (20.3%) over 22 sessions. Across 154 backtested falling wedges, this setup wins 57.1% of the time.

OutcomeWinResult+1.99REntry$293.31Exit$352.84

Learn about falling wedge

How Falling Wedges Have Performed

Win rate
56.2%
Avg return
+0.55R
Backtested trades
8,465
CDNS win rate
58.3%

Historical pattern statistics (2006-08-04 – 2026-08-03), not a prediction.

How these backtests work →

CDNS Pattern Trade History

Every completed pattern trade our nightly backtest found on CDNS's daily chart, newest first — wins and losses alike.

PatternEntryExitOutcomeResult
Falling WedgeApr 14, 2026 @ $293.31May 14, 2026 @ $352.84Win+1.99R
TriangleMar 24, 2026 @ $285.63Apr 20, 2026 @ $318.50Loss-1.28R
TriangleMar 2, 2026 @ $300.93Mar 27, 2026 @ $271.77Loss-1.23R
Falling WedgeNov 14, 2025 @ $311.85Feb 3, 2026 @ $267.70Win+0.97R
Bullish PennantJun 24, 2025 @ $296.80Aug 7, 2025 @ $354.33Win+8.09R
Rising WedgeMay 20, 2025 @ $316.96May 27, 2025 @ $323.08Loss-1.17R
TriangleJan 10, 2025 @ $298.77Jan 22, 2025 @ $321.49Loss-1.35R
Bullish PennantJan 3, 2025 @ $305.93Feb 19, 2025 @ $274.04Loss-1.88R
Rising WedgeDec 5, 2024 @ $313.40Feb 19, 2025 @ $272.09Win+3.23R
TriangleOct 22, 2024 @ $252.00Oct 30, 2024 @ $290.00Loss-1.15R
TriangleOct 16, 2024 @ $267.12Oct 30, 2024 @ $290.00Loss-1.28R
TriangleApr 11, 2024 @ $303.99Apr 18, 2024 @ $283.17Win+1.59R

CDNS Support and Resistance Levels

Price is bouncing off a floor near $324.78 and starting to climb. On the weekly chart, the next ceiling overhead sits near $513.31 — about 51% away.

  • Traders commonly watch $513.31 as a target (its 200% extension) — think of it as a sensible next stop, not a guarantee.
  • That ceiling is the first place the climb might pause — worth watching how price behaves as it gets there.
  • There's nothing to act on here — the spot to watch was the $324.78 floor about a week ago, when price bounced there, but price has already pulled higher. What's left is the climb playing out, not a fresh starting point.

Nearest auto-detected support sits near $324.78, resistance near $402.83. These are chart/swing-derived levels, not formula pivots.

Resistance
$402.83$411.24$418.09$511.66$567.29
Support
$324.78$275.73$266.01

CDNS Recent Daily Prices

DateOpenHighLowClose
Aug 4, 2026$340.81$349.11$339.29$340.62
Aug 3, 2026$343.79$344.45$331.68$336.15
Jul 31, 2026$335.27$344.77$334.25$340.02
Jul 30, 2026$336.62$342.50$329.59$332.82
Jul 29, 2026$349.00$351.00$332.56$332.76
Jul 28, 2026$335.16$355.59$335.16$344.72
Jul 27, 2026$336.51$342.27$334.38$338.61
Jul 24, 2026$335.24$335.54$325.96$326.24
Jul 23, 2026$335.20$340.29$328.87$330.46
Jul 22, 2026$339.06$346.33$334.59$337.01

CDNS Frequently Asked Questions

What chart pattern is CDNS forming right now?
As of Aug 4, 2026, TradingPal's detector identifies a falling wedge on Cadence Design Systems (CDNS) on the daily chart, with a measured-move target of $317.29.
Is a falling wedge bullish or bearish?
The falling wedge detected on CDNS is a bullish pattern, projecting a measured-move target of $317.29. See its full backtested track record above — that's the real edge, not the textbook label.
How reliable is a falling wedge pattern, and what is its win rate?
Across TradingPal's backtest of the falling wedge family (8,465 trades over 631 symbols), it resolved in the expected direction 56.2% of the time with an average of +0.55R. These are historical statistics, not a prediction.
What are the support and resistance levels for CDNS?
Based on auto-detected, swing-derived levels (as of Aug 4, 2026), CDNS's nearest support is around $324.78 and nearest resistance around $402.83.
What is the price target if CDNS's pattern breaks out?
The detected falling wedge has a geometry-based measured-move target of $317.29 (pattern height projected from the breakout). This is a technical target, not a recommendation.
What was CDNS's closing price on Aug 4, 2026?
Cadence Design Systems (CDNS) last closed at $340.62 on Aug 4, 2026. For the live quote, see the chart above or a real-time quote provider.

Technical analysis for informational purposes only — not investment advice. Auto-detected patterns and levels update daily; the chart above is live.