Trading Signals: CDNS Stock Price Prediction and Forecast

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Thu. Feb. 23, 2017

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

(Cadence Design Systems Inc)
CDNS latest price $30.7800 (-0.26%) ($30.4000 - $30.9899) on Thu. Feb. 23, 2017.

Trend Analysis and Forecast

Average Daily Percentage Swing   1.8% (three month average)
RSI   89
Latest Price   $30.7800(-0.26%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   CDNS advances 0.4% a day on average for past five trading days.
Weekly Trend   CDNS advances 2.3% a week on average for past two weeks.
Market Behavior   Value stock rally for large cap. Broad based sell-off for small cap.
Correlated ETFs   Broad market will support CDNS advance at 0% a week (0% probability)
IWF(76%)    IVW(75%)    QQQ(75%)    XLK(74%)    VUG(73%)
Factors Impacting CDNS price   CDNS will decline at least -0.9% in a week (0% probabilities).
VIXM(-16%)    UUP(-15%)    TLT(-7%)    IPO(-3%)    IGOV(-2%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -0.9% (StdDev 1.8%)
Hourly BBV 0 ()
Intraday Trend -0.5%

5 Day Moving Average   $30.57(0.69%)
10 Day Moving Average   $30.21(1.89%)
20 Day Moving Average   $29(6.14%)
To recent high   -0.3%
To recent low   22.2%
Market Cap   $8.581b

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 6% (three month std-dev: 1.8%) daily (68% of days).

Sample size 15 Average positive next day return: 1.87%(60%) Average negative next day return: -2.05%(40%) Sample size 15 Average positive next three day return: 2.31%(53%) Average negative next three day return: -2.16%(47%) Sample size 15 Average positive next weekly return: 2.55%(53%) Average negative next weekly return: -1.43%(47%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20170323

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	Feb_23_2017	26.41	29	30.21	30.57	30.51	30.82	30.78(-0.26%)	UD	OpenLong	75	0.1	31	70	13	83	2.42	69%	0.19	68.2	1.8%	0	1	89	0
2	Feb_22_2017	26.36	28.78	30.06	30.44	30.36	30.63	30.86(0.23%)	UT	HoldLong	65	0.2	46	50	23	116	1.9	69%	0.23	66.3	1.81%	0	1.2	97	0
3	Feb_21_2017	26.3	28.55	29.9	30.25	30.11	30.2	30.79(1.95%)	UT	HoldLong	65	0.3	44	10	12	138	2.62	71%	0.23	64.8	1.81%	0	1.3	93	0
4	Feb_17_2017	26.24	28.29	29.76	30.06	29.96	30.1	30.2(-0.13%)	UD	OpenLong	75	0.1	48	20	9	165	3.71	72%	0.19	60.2	1.79%	0	1.1	90	0
5	Feb_16_2017	26.19	28.08	29.65	29.92	29.88	30.02	30.24(0.47%)	UT	HoldLong	65	0.2	58	30	13	191	3.38	73%	0.23	59	1.82%	0	1.2	89	0

6	Feb_15_2017	26.13	27.86	29.52	29.78	29.74	29.82	30.1(0.6%)	UT	HoldLong	65	0.2	62	10	10	219	2.38	73%	0.19	58.2	1.82%	0	1.3	89	0
7	Feb_14_2017	26.08	27.65	29.12	29.61	29.63	29.74	29.92(0.34%)	UT	HoldLong	65	0.2	59	30	9	210	1.29	73%	0.19	57.7	1.82%	0	1.3	83	0
8	Feb_13_2017	26.03	27.44	28.75	29.5	29.5	29.65	29.82(0.98%)	UT	HoldLong	65	0.2	57	40	7	207	1.67	73%	0.19	58.3	1.82%	0	1.4	83	0
9	Feb_10_2017	25.98	27.24	28.39	29.42	29.43	29.53	29.53(-0.07%)	UD	OpenLong	75	0.1	61	20	10	213	1.56	75%	0.19	61.5	1.83%	0	1.4	84	0
10	Feb_9_2017	25.93	27.06	28.07	29.34	29.34	29.53	29.55(1.06%)	UT	HoldLong	65	0.1	58	0	6	215	1.68	71%	0.19	64.9	1.84%	0	1.6	80	0

11	Feb_8_2017	25.88	26.87	27.71	29.21	29.26	29.34	29.24(-0.48%)	UD	OpenLong	75	0	80	20	32	223	2.02	71%	0.19	69.9	1.85%	0	1.7	79	0
12	Feb_7_2017	25.83	26.69	27.41	28.53	28.88	29.33	29.38(0%)	UT	HoldLong	50	0.7	80	150	44	188	2.73	73%	0.19	62	1.85%	0	2.1	80	0
13	Feb_6_2017	25.78	26.5	27.08	27.86	28.01	29.19	29.38(0.86%)	UT	HoldLong	65	1.3	83	310	59	155	2.26	73%	0.19	55.8	1.86%	0	2.5	81	0
14	Feb_3_2017	25.73	26.3	26.69	27.21	27.19	28.44	29.13(0.69%)	UT	OpenLong	75	2	89	320	80	117	5.23	73%	0.16	49.6	1.86%	0	3	75	0
15	Feb_2_2017	25.69	26.11	26.35	26.62	26.42	26.83	28.93(12.04%)	UT	OpenLong	75	3.4	58	90	55	68	10.79	70%	0.2	46.5	1.86%	0	4.1	75	0

16	Feb_1_2017	25.64	25.93	26.02	26.03	26.02	25.95	25.82(-0.81%)	N/A	N/A	0	-1.1	-8	-20	-11	2	3.23	53%	0.04	67.5	1.11%	0	-0.5	45	0
17	Jan_31_2017	25.63	25.91	26.04	26.12	26.07	26.02	26.03(-0.34%)	N/A	N/A	0	-0.4	-2	-20	-8	16	3.94	53%	0.04	59.1	1.13%	0	0.5	56	0
18	Jan_30_2017	25.62	25.87	26.02	26.16	26.17	26.09	26.12(-0.38%)	UD	OpenLong	75	-0.2	11	-20	5	28	1.46	53%	0.04	59.1	1.13%	0	1	58	0
19	Jan_27_2017	25.61	25.84	26.01	26.07	26.14	26.13	26.22(1%)	UT	OpenLong	75	0.5	7	10	1	24	0.93	53%	0.04	38	1.13%	0	1.4	61	0
20	Jan_26_2017	25.6	25.8	25.98	26.07	26.06	26.24	25.96(-1.14%)	UD	OpenLong	75	-0.2	10	50	5	25	1.19	53%	0	24.8	1.13%	0	0.6	57	0

21	Jan_25_2017	25.6	25.79	25.99	26.01	26.03	26.15	26.26(0.11%)	UT	OpenLong	75	0.9	25	30	19	42	1.44	55%	0	26.8	1.12%	0	1.6	66	0
22	Jan_24_2017	25.6	25.77	25.94	25.94	25.95	25.89	26.23(2.18%)	UT	OpenLong	75	1.1	13	-20	5	37	2.42	55%	0.04	26.7	1.12%	0	1.8	70	0
23	Jan_23_2017	25.59	25.77	25.94	25.86	25.93	25.91	25.67(-1.04%)	N/A	N/A	0	-0.8	-1	0	-11	31	1.47	51%	0	19.4	1.09%	0	-0.2	65	0
24	Jan_20_2017	25.59	25.77	25.89	25.86	25.95	26.02	25.94(-0.12%)	UD	OpenLong	75	0	16	20	4	51	0.97	51%	0	31.2	1.08%	0	0.9	61	0
25	Jan_19_2017	25.59	25.73	25.87	25.94	25.91	25.95	25.97(0.23%)	UT	OpenLong	75	0.1	16	10	2	56	1.08	51%		32.3	1.09%	0	1	64	0
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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