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Is CDNS primed for downward momentum? Directional Movement Crossover Bearish shows up after declining 1.12%

Cadence Design Systems, Inc. (CDNS) — Daily Technical Analysis & Swing Trading Signals · Jun 25, 2026, 17:32 ET
On Thursday, June 25th, CDNS moved down 1.12% while volume was to 0.7× the usual levels. The session formed a Directional Movement Crossover Bearish, often signaling a possible continuation. Key support levels exist at 361.81, 355.39 & 347.05, with resistance at 376.57, 384.91 & 391.33. Meanwhile, Slow Stochastic is showing oversold conditions.

Current SwingTradeBot Technical Rating of CDNS: A

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Cadence Design Systems, Inc. (CDNS)