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Is CDNS building pressure? NR7 shows up after slipping 0.46%

Cadence Design Systems, Inc. (CDNS) — SwingTradeBot Technical Analysis Report · Aug 20, 2026, 17:41 ET
CDNS closed down 0.46% on Thursday, August 20th, with volume running 0.6× below average. consolidation patterns formed: NR7 and NR7-2, suggesting a potential continuation after price stabilization. Key support levels exist at 310.84, 308.14 & 304.82, with resistance at 316.86, 320.18 & 322.88. Meanwhile, Slow Stochastic is showing oversold conditions.

Current SwingTradeBot Technical Rating of CDNS: D

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Cadence Design Systems, Inc. (CDNS)