Trading Signals: CDNS Stock Price Prediction and Forecast

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Tue. Sep. 19, 2017

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

(Cadence Design Systems Inc)
CDNS latest price $38.8200 (0.1%) ($38.5700 - $38.9800) on Tue. Sep. 19, 2017.

Trend Analysis and Forecast

Average Daily Percentage Swing   1.1% (three month average)
RSI   59
Latest Price   $38.8200(0.1%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   CDNS advances 0.7% a day on average for past five trading days.
Weekly Trend   CDNS declines -0.2% a week on average for past two weeks.
Market Behavior   Normal for large cap. Normal for small cap.
Correlated ETFs   Broad market will support CDNS advance at 0% a week (0% probability)
IWF(76%)    QQQ(76%)    IVW(75%)    XLK(74%)    VUG(73%)
Factors Impacting CDNS price   CDNS will decline at least -0.55% in a week (0% probabilities).
VIXM(-16%)    UUP(-16%)    TLT(-7%)    IGOV(-2%)    DIA(-2%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -0.55% (StdDev 1.1%)
Hourly BBV 0 ()
Intraday Trend 0.1%

5 Day Moving Average   $38.27(1.44%)
10 Day Moving Average   $38.15(1.76%)
20 Day Moving Average   $38.07(1.97%)
To recent high   -1.2%
To recent low   17.4%
Market Cap   $10.823b

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 1.5% (three month std-dev: 1.1%) daily (68% of days).

Sample size 15 Average positive next day return: 0.58%(27%) Average negative next day return: -1.19%(73%) Sample size 15 Average positive next three day return: 1.83%(20%) Average negative next three day return: -1.29%(80%) Sample size 15 Average positive next weekly return: 0.96%(33%) Average negative next weekly return: -1.59%(67%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20171019

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	Sep_19_2017	35.42	38.07	38.15	38.27	38.31	38.71	38.82(0.1%)	UT	OpenLong	75	1	28	80	36	2	4.07	63%	0.2	49.3	1.1%	0	1.3	59	INF
2	Sep_18_2017	35.35	37.98	38.09	38.01	37.98	38.38	38.78(1.33%)	N/A	N/A	0	1.3	27	70	40	-11	3.96	63%	0.17	36.6	1.1%	0	1.4	60	INF
3	Sep_15_2017	35.29	37.89	38.06	37.78	37.69	37.92	38.27(0.66%)	N/A	N/A	0	0.8	8	40	18	-23	57.22	62%	0.17	29.5	1.09%	0	0.6	60	INF
4	Sep_14_2017	35.23	37.82	38.15	37.77	37.62	37.58	38.02(1.52%)	DP	OpenShort	-75	0.4	-4	-20	-4	-5	5.95	62%	0.2	32.9	1.09%	0	0.3	61	INF
5	Sep_13_2017	35.16	37.8	38.18	37.86	37.78	37.47	37.45(-0.27%)	N/A	N/A	0	-0.7	-16	-60	-24	7	4.98	60%	0.14	44.5	1.08%	0	-0.6	54	INF

6	Sep_12_2017	35.11	37.79	38.24	38.02	38.03	37.66	37.55(-0.16%)	CR	SmallShort	-20	-0.7	-19	-70	-33	23	4.25	57%	0.11	55.1	1.08%	0	-0.4	53	INF
7	Sep_11_2017	35.07	37.77	38.28	38.16	38.24	38.09	37.61(-1.65%)	N/A	N/A	0	-0.8	-9	-20	-28	47	6.63	57%	0.14	62.8	1.1%	0	-0.2	59	INF
8	Sep_8_2017	35.02	37.71	38.27	38.37	38.37	38.41	38.24(-0.49%)	UD	OpenLong	65	-0.2	10	10	-13	77	1.05	57%	0.17	66.5	1.11%	0	0.7	67	INF
9	Sep_7_2017	34.96	37.61	38.18	38.58	38.54	38.38	38.43(0.42%)	UT	OpenLong	75	-0.2	28	-30	1	107	0.92	57%	0.17	70	1.1%	0	1.1	71	INF
10	Sep_6_2017	34.9	37.52	38.07	38.57	38.64	38.32	38.27(0.08%)	UD	OpenLong	65	-0.4	16	-50	-12	100	2.02	57%	0.17	73.1	1.1%	0	1	57	INF

11	Sep_5_2017	34.84	37.45	38	38.5	38.6	38.69	38.24(-1.16%)	UD	OpenLong	65	-0.3	24	20	-3	103	2.63	57%	0.2	72.3	1.11%	0	1	60	INF
12	Sep_1_2017	34.77	37.37	37.88	38.4	38.45	38.96	38.69(-1.53%)	UD	OpenLong	75	0.4	62	100	43	118	1.48	59%	0.23	67.5	1.09%	0	1.7	67	INF
13	Aug_31_2017	34.69	37.24	37.7	38.15	38.09	38.51	39.29(2.42%)	UT	HoldLong	65	1.5	73	70	59	115	2.45	61%	0.23	56.8	1.07%	0	2.8	79	INF
14	Aug_30_2017	34.61	37.08	37.45	37.72	37.72	37.93	38.36(1.19%)	UT	HoldLong	65	1	42	40	29	80	1.18	58%	0.2	44.2	1.04%	0	2.1	76	INF
15	Aug_29_2017	34.54	36.96	37.35	37.52	37.5	37.67	37.91(0.37%)	UT	OpenLong	75	0.7	30	30	15	73	1.54	57%	0.2	30.8	1.03%	0	1.8	66	INF

16	Aug_28_2017	34.47	36.9	37.28	37.43	37.41	37.51	37.77(0.99%)	UT	OpenLong	75	0.7	34	20	20	74	1.46	57%	0.17	30	1.04%	0	1.8	61	INF
17	Aug_25_2017	34.41	36.85	37.2	37.27	37.31	37.33	37.4(0.59%)	UT	OpenLong	75	0.3	23	10	9	63	1.51	59%	0.2	42	1.03%	0	1.2	60	INF
18	Aug_24_2017	34.34	36.82	37.1	37.18	37.19	37.31	37.18(-0.43%)	UD	OpenLong	75	0	20	20	7	57	1.36	59%	0.18	59.6	1.04%	0	0.9	63	INF
19	Aug_23_2017	34.28	36.81	37.01	37.11	37.1	37.29	37.34(-0.29%)	UD	OpenLong	75	0.5	20	40	9	53	1.22	61%	0.2	76.3	1.04%	0	1.3	65	INF
20	Aug_22_2017	34.21	36.8	36.93	37.16	37.06	37.07	37.45(1.24%)	UT	OpenLong	75	0.7	23	-10	9	64	1.74	63%	0.18	103.6	1.06%	0	1.6	68	INF

21	Aug_21_2017	34.15	36.75	36.86	37.11	37.09	36.91	36.99(0.11%)	UD	OpenLong	65	-0.2	8	-40	-8	55	0.87	62%	0.18	95.7	1.08%	0	0.5	53	INF
22	Aug_18_2017	34.09	36.67	36.82	37.12	37.14	37.05	36.95(0.3%)	UD	OpenLong	65	-0.3	12	-20	-2	55	0.97	64%	0.18	82.6	1.09%	0	0.4	50	INF
23	Aug_17_2017	34.03	36.57	36.75	36.99	37.1	37.26	36.84(-1.92%)	UD	OpenLong	75	-0.2	20	40	13	40	1.49	59%	0.15	72.3	1.09%	0	0.4	47	INF
24	Aug_16_2017	33.98	36.49	36.69	36.86	36.9	37.24	37.56(0.91%)	UT	OpenLong	75	1	29	70	30	26	1.17	62%	0.18	69	1.11%	0	1.5	55	INF
25	Aug_15_2017	33.92	36.38	36.54	36.66	36.64	36.94	37.22(0.57%)	RB	SmallLong	20	0.7	16	60	24	-8	1.43	62%		62.7	1.11%	0	1.1	48	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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