Trading Signals: CDNS Stock Price Prediction and Forecast

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Tue. Jun. 28, 2016

Trading Signals: CDNS Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Oct. 27, 2023)

(Cadence Design Systems Inc)
CDNS latest price $23.6000 (2.3%) ($23.1500 - $23.6400) on Tue. Jun. 28, 2016.

Trend Analysis and Forecast

Average Daily Percentage Swing   1.2% (three month average)
RSI   32
Latest Price   $23.6000(2.3%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   CDNS declines -0.7% a day on average for past five trading days.
Weekly Trend   CDNS declines -1.7% a week on average for past two weeks.
Market Behavior   Broad based rally for large cap. Broad based rally for small cap.
Correlated ETFs   Broad market will support CDNS advance at 0% a week (0% probability)
IWF(75%)    IVW(74%)    QQQ(74%)    XLK(73%)    VUG(72%)
Factors Impacting CDNS price   CDNS will decline at least -0.6% in a week (0% probabilities).
VIXM(-17%)    UUP(-14%)    TLT(-7%)    IPO(-6%)    IGOV(-2%)

Relative Volatility (options are extremely cheap)

Market Trend Strength   -0.6% (StdDev 1.2%)
Hourly BBV 0 ()
Intraday Trend 1.6%

1 - 5 Day Possible Target   $20.48(-13.22%)
Resistance Level   $24.41
5 Day Moving Average   $23.87(-1.13%)
10 Day Moving Average   $24.11(-2.12%)
20 Day Moving Average   $24.41(-3.32%)
To recent high   -6.4%
To recent low   2.7%
Market Cap   $6.58b

Cadence Design Systems, Inc. engages in the design and development of integrated circuits and electronic devices. Its products include electronic design automation, software, emulation hardware, and intellectual property, commonly referred to as verification IP, and design IP. The company was founded by Alberto Sangiovanni-Vincentelli, Gudmundur A. Hjartarson, K. Bobby Chao, and K. Charles Janac in June 1988 and is headquartered in San Jose, CA.

$. CDNS price fluctuates within 1.84% (three month std-dev: 1.2%) daily (68% of days).

Sample size 22 Average positive next day return: 1.04%(77%) Average negative next day return: -1.33%(23%) Sample size 22 Average positive next three day return: 2.34%(41%) Average negative next three day return: -2.15%(59%) Sample size 22 Average positive next weekly return: 3.46%(36%) Average negative next weekly return: -2.69%(64%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20160728

i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD
1	Jun_28_2016	23.23	24.41	24.11	23.87	23.76	23.35	23.6(2.3%)	DP	OpenShort	-75	-0.6	-44	-130	-27	-95	1.57	63%	0.17	-62.5	1.2%	0	-1.8	32	INF
2	Jun_27_2016	23.19	24.47	24.19	24.04	24	23.58	23.07(-2.99%)	DT	HoldShort	-65	-2.3	-65	-130	-53	-99	2.35	60%	0.13	-52.9	1.17%	0	-3.3	21	INF
3	Jun_24_2016	23.16	24.57	24.35	24.32	24.3	24.17	23.78(-3.41%)	DT	OpenShort	-75	-1.9	-34	-40	-24	-64	3.44	67%	0.13	-43.2	1.11%	0	-2.7	27	INF
4	Jun_23_2016	23.13	24.63	24.45	24.42	24.48	24.43	24.62(1.36%)	DP	OpenShort	-65	0.9	-8	-10	5	-45	2.95	76%	0.26	-21.5	1.03%	0	-0	47	INF
5	Jun_22_2016	23.07	24.65	24.47	24.37	24.43	24.44	24.29(-0.61%)	DT	OpenShort	-75	-0.3	-17	10	-5	-54	2.6	75%	0.22	-6.2	1.01%	0	-1.5	35	INF

6	Jun_21_2016	23.02	24.65	24.52	24.39	24.42	24.52	24.44(-0.16%)	DP	OpenShort	-65	0.2	-6	30	7	-46	2.19	75%	0.22	24.8	1.01%	0	-1	38	INF
7	Jun_20_2016	22.97	24.69	24.56	24.38	24.4	24.41	24.48(0.91%)	DP	OpenShort	-65	0.4	-8	10	5	-46	3.46	75%	0.22	31.7	1.02%	0	-0.8	41	INF
8	Jun_17_2016	22.92	24.7	24.6	24.4	24.34	24.31	24.26(-0.57%)	DT	HoldShort	-65	-0.6	-24	-20	-13	-55	4.06	75%	0.26	50.5	1.02%	0	-1.8	21	INF
9	Jun_16_2016	22.86	24.68	24.65	24.49	24.42	24.38	24.4(0.21%)	DP	OpenShort	-75	-0.3	-20	-20	-10	-48	1.57	75%	0.22	54	1.01%	0	-0.9	31	INF
10	Jun_15_2016	22.81	24.66	24.69	24.58	24.51	24.37	24.35(-0.16%)	DT	OpenShort	-75	-0.7	-23	-50	-16	-43	1.86	75%	0.22	59.9	1.03%	0	-0.9	28	INF

11	Jun_14_2016	22.76	24.63	24.73	24.68	24.61	24.47	24.39(-0.81%)	DT	HoldShort	-65	-0.7	-25	-50	-20	-41	3.57	75%	0.26	56.7	1.03%	0	-0.6	23	INF
12	Jun_13_2016	22.7	24.61	24.77	24.78	24.75	24.64	24.59(-0.45%)	DT	OpenShort	-75	-0.4	-15	-30	-13	-20	2.22	75%	0.22	64.2	1.02%	0	-0	58	INF
13	Jun_10_2016	22.65	24.57	24.81	24.78	24.84	24.76	24.7(-0.64%)	CR	SmallShort	-20	-0.3	-4	-20	-6	1	1.97	75%	0.27	66.7	1.03%	0	0.3	55	INF
14	Jun_9_2016	22.59	24.52	24.83	24.84	24.9	24.85	24.86(-0.08%)	UD	OpenLong	75	0	7	-10	0	29	1.98	75%	0.27	63.2	1.03%	0	0.6	71	INF
15	Jun_8_2016	22.53	24.45	24.84	24.81	24.85	24.92	24.88(0.08%)	UT	OpenLong	75	0.1	14	20	2	48	2.07	75%	0.27	64.2	1.03%	0	0.8	67	INF

16	Jun_7_2016	22.47	24.39	24.87	24.78	24.81	24.95	24.86(-0.08%)	UD	OpenLong	75	0.1	30	40	12	84	2.16	75%	0.13	63.4	1.05%	0	0.8	71	INF
17	Jun_6_2016	22.44	24.33	24.83	24.75	24.81	24.79	24.88(0.73%)	UT	OpenLong	75	0.2	24	10	3	87	2.88	75%	0.27	62.4	1.05%	0	0.9	63	INF
18	Jun_3_2016	22.38	24.26	24.8	24.79	24.73	24.66	24.7(-0.12%)	UD	OpenLong	65	-0.1	24	-30	-5	110	2.22	75%	0.22	63.7	1.05%	0	0.7	65	INF
19	Jun_2_2016	22.33	24.18	24.71	24.83	24.78	24.67	24.73(-0.04%)	UD	OpenLong	65	-0.2	22	-40	-12	123	3.2	75%	0.27	60.2	1.05%	0	0.8	68	INF
20	Jun_1_2016	22.27	24.1	24.64	24.88	24.85	24.79	24.74(0.08%)	UD	OpenLong	65	-0.2	23	-20	-15	137	4.77	77%	0.27	56.8	1.06%	0	1	65	INF

21	May_31_2016	22.21	24.03	24.53	24.97	24.97	24.79	24.72(-1.32%)	UD	OpenLong	75	-0.4	44	-20	6	159	21.21	75%	0.41	61.1	1.07%	0	1	64	INF
22	May_27_2016	22.12	23.97	24.46	24.9	24.95	24.9	25.05(0.48%)	UT	OpenLong	75	0.2	43	-10	3	161	2.88	81%	0.23	58.3	1.06%	0	1.7	69	INF
23	May_26_2016	22.07	23.88	24.32	24.8	24.86	25.04	24.93(-0.04%)	UD	OpenLong	75	0.2	60	60	25	166	2.5	81%	0.23	53.7	1.07%	0	1.7	70	INF
24	May_25_2016	22.02	23.79	24.17	24.57	24.67	25	24.94(-1.07%)	UD	OpenLong	75	0.7	68	110	40	153	4.33	81%	0.23	45.5	1.07%	0	2.1	73	INF
25	May_24_2016	21.97	23.73	24.03	24.37	24.33	24.68	25.21(3.4%)	UT	OpenLong	75	1.7	73	100	50	143	5.13	85%		42.7	1.07%	0	3	75	INF
i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD

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