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CDNS forms NR7 on August 6

Cadence Design Systems, Inc. (CDNS) — Nightly Technical Analysis · Aug 6, 2026, 17:51 ET
CDNS finished higher by 0.36% on Thursday, August 6th, trading 0.9 times its typical volume. consolidation patterns formed: NR7, suggesting a potential continuation after price stabilization. Key support levels exist at 333.62, 328.95 & 324.89, with resistance at 342.35, 346.41 & 351.08.

Current SwingTradeBot Technical Rating of CDNS: C

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Cadence Design Systems, Inc. (CDNS)