CDNL

CDNL remains in a Stage 3 Distribution under a clear sequence of lower highs and lower lows, with rallies consistently capping at the declining 9-EMA and 21-EMA. The medium-term bias is bearish as supply dominates demand and volume on rallies is muted. Price is now rejecting at short-term EMA resistance, presenting an opportunity for sell-side engagement. Sell now into the 9/21-EMA resistance zone.

• ↑Q1 2026 revenue $168 M (+105% YoY, 64% organic growth)
• ↑Backlog reached $854 M (+60% YoY), prompting 2026 guidance raise
• ↓Skilled labor shortages could limit project capacity and growth