What chart pattern is ChartPattern.io tracking on Cadence Design Systems?
ChartPattern.io is currently tracking Falling Wedge on Cadence Design Systems in the Technology stock.
Live Technology stock scanner page for Cadence Design Systems. Review the falling wedge setup, chart structure, and trade levels in one place.
A clear signal has emerged for Cadence Design Systems (CDNS) on the daily chart. Price has moved to $284.95 (0.12%) amidst recent volatility. Our AI has detected a valid Falling Wedge pattern. This setup is supported by average volume turnover. A potential breakout level is identified at $347.72, targeting $349.11 with support near $281.65 (R:R 0.02).
CDNS is part of the Technology stock on ChartPattern.io. The scanner currently highlights Falling Wedge as the leading setup, with an entry near $347.72, a stop around $281.65, and a target near $349.11.
Falling Wedge
35/100 CP Index
Entry $347.72 · Stop $281.65 · Target $349.11
Technical indicators signal a Falling Wedge forming. Verify the setup on the chart.
Reversal pattern. Price likely to break upwards.
What is your outlook on CDNS?
These answers make the page easier to scan for traders, search engines, and LLMs looking for quick context on CDNS.
ChartPattern.io is currently tracking Falling Wedge on Cadence Design Systems in the Technology stock.
The current trade plan points to an entry near $347.72, a stop near $281.65, and a target near $349.11.
Cadence Design Systems currently leans bearish. The page is showing a CP Index of 35/100, which helps summarize the current technical setup.