Trading Signals: CDNS Stock Price Prediction and Forecast

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Wed. Nov. 29, 2017

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

(Cadence Design Systems Inc)
CDNS latest price $43.1600 (-4.49%) ($43.1400 - $45.1500) on Wed. Nov. 29, 2017.

Trend Analysis and Forecast

Average Daily Percentage Swing   1.05% (three month average)
RSI   46
Latest Price   $43.1600(-4.49%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   CDNS declines -1% a day on average for past five trading days.
Weekly Trend   CDNS advances 0.6% a week on average for past two weeks.
Market Behavior   Rotation from growth to value for large cap. Rotation from growth to value for small cap.
Correlated ETFs   Broad market will support CDNS advance at 0% a week (0% probability)
IWF(77%)    IVW(76%)    QQQ(76%)    XLK(74%)    VUG(73%)
Factors Impacting CDNS price   CDNS will decline at least -0.525% in a week (0% probabilities).
VIXM(-16%)    UUP(-16%)    TLT(-7%)    IGOV(-2%)    DIA(-2%)

Relative Volatility (options are extremely cheap)

Market Trend Strength   -0.525% (StdDev 1.05%)
Hourly BBV 0 ()
Intraday Trend -4.2%

Resistance Level   $44.45
5 Day Moving Average   $44.82(-3.7%)
10 Day Moving Average   $44.8(-3.66%)
20 Day Moving Average   $44.45(-2.9%)
To recent high   -5.4%
To recent low   15.2%
Market Cap   $12.033b

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 1.55% (three month std-dev: 1.05%) daily (68% of days).

Sample size 3 Average positive next day return: 1.38%(33%) Average negative next day return: -1.58%(67%) Sample size 3 Average positive next three day return: 4.06%(33%) Average negative next three day return: -3.92%(67%) Sample size 3 Average positive next weekly return: 5.09%(33%) Average negative next weekly return: -6.93%(67%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20171229

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	Nov_29_2017	39.64	44.45	44.8	44.82	45	44.67	43.16(-4.49%)	N/A	N/A	0	-2.4	-37	-40	-54	13	2.8	60%	0.23	70.3	1.05%	0	-1.9	46	INF
2	Nov_28_2017	39.55	44.46	44.98	45.25	45.27	45.26	45.19(0.11%)	UT	OpenLong	75	-0.1	22	-0	0	87	1.34	69%	0.28	94.8	0.87%	0	1.1	58	INF
3	Nov_27_2017	39.44	44.35	44.93	45.18	45.26	45.32	45.14(-1.01%)	UD	OpenLong	75	-0.1	32	10	11	93	2.06	69%	0.31	91	0.87%	0	1.1	58	INF
4	Nov_24_2017	39.32	44.25	44.82	45.07	45.14	45.29	45.6(1.33%)	UT	OpenLong	75	0.7	37	30	19	92	0.47	71%	0.46	90.1	0.85%	0	1.8	66	INF
5	Nov_22_2017	39.14	44.1	44.62	44.92	44.98	45.2	45(-0.73%)	UD	OpenLong	75	0.1	37	40	23	79	0.88	71%	0.15	82.6	0.85%	0	1.1	63	INF

6	Nov_21_2017	39.08	43.97	44.53	44.79	44.88	44.99	45.33(1.07%)	UT	OpenLong	75	0.6	41	20	26	85	1.05	71%	0.31	78.3	0.85%	0	1.6	73	INF
7	Nov_20_2017	38.96	43.82	44.42	44.68	44.68	44.76	44.85(0.61%)	UT	OpenLong	75	0.2	23	10	2	85	2.02	70%	0.31	77.1	0.84%	0	1.2	68	INF
8	Nov_17_2017	38.84	43.69	44.36	44.64	44.64	44.78	44.58(-0.62%)	UD	OpenLong	75	-0.1	44	20	21	112	1.81	65%	0.28	77	0.84%	0	1	69	INF
9	Nov_16_2017	38.73	43.57	44.29	44.53	44.52	44.6	44.86(1.22%)	UT	OpenLong	75	0.4	50	10	28	115	3.01	65%	0.28	72.8	0.88%	0	1.4	69	INF
10	Nov_15_2017	38.62	43.42	44.18	44.27	44.26	44.5	44.32(-1.01%)	UD	OpenLong	75	0.1	35	40	12	104	1.73	64%	0.29	64.8	0.87%	0	1	69	INF

11	Nov_14_2017	38.51	43.3	44.06	44.22	44.09	44.44	44.77(0.22%)	UT	HoldLong	65	0.6	56	50	33	123	2.67	68%	0.26	64.4	0.86%	0	1.5	78	INF
12	Nov_13_2017	38.41	43.15	43.9	44.13	43.98	44.02	44.67(1.43%)	UT	HoldLong	65	0.6	45	-0	19	122	1.64	68%	0.29	69	0.88%	0	1.7	76	INF
13	Nov_10_2017	38.3	43.01	43.72	44.05	44	43.75	44.04(1.13%)	UD	OpenLong	65	-0	21	-40	-12	118	2.76	67%	0.26	76.7	0.87%	0	1.2	74	INF
14	Nov_9_2017	38.2	42.91	43.63	44.02	44.08	43.94	43.55(-1.18%)	UD	OpenLong	65	-0.5	16	-20	-21	125	2.66	65%	0.24	84.5	0.88%	0	0.7	68	INF
15	Nov_8_2017	38.11	42.82	43.56	44.07	44.1	44.26	44.07(-0.52%)	UD	OpenLong	75	0	56	30	19	166	2	68%	0.26	90.5	0.86%	0	1.4	80	INF

16	Nov_7_2017	38.01	42.69	43.38	43.86	43.94	44.22	44.3(0.02%)	UT	HoldLong	65	0.5	69	50	37	164	1.63	70%	0.26	89.7	0.86%	0	1.8	84	INF
17	Nov_6_2017	37.91	42.52	43.18	43.63	43.67	43.95	44.29(0.89%)	UT	HoldLong	65	0.7	68	50	40	153	1.74	70%	0.29	91.3	0.87%	0	2	84	INF
18	Nov_3_2017	37.8	42.35	42.96	43.35	43.4	43.67	43.9(0.25%)	UT	HoldLong	65	0.6	57	50	32	132	1.36	69%	0.24	93	0.86%	0	1.8	77	INF
19	Nov_2_2017	37.71	42.19	42.79	43.19	43.19	43.39	43.79(1.81%)	UT	HoldLong	65	0.7	59	30	37	126	1.89	64%	0.27	95.5	0.86%	0	1.9	76	INF
20	Nov_1_2017	37.61	42.02	42.59	42.97	42.9	43.13	43.01(-0.35%)	UD	OpenLong	75	0	43	30	23	101	2.12	62%	0.24	97.5	0.88%	0	1.2	72	INF

21	Oct_31_2017	37.52	41.89	42.47	42.82	42.72	42.98	43.16(0.61%)	UT	HoldLong	65	0.4	50	40	34	99	2.04	62%	0.24	96.2	0.88%	0	1.4	80	INF
22	Oct_30_2017	37.43	41.73	42.33	42.65	42.52	42.67	42.9(-0.42%)	UD	OpenLong	75	0.3	43	20	26	94	1.47	62%	0.21	95.5	0.88%	0	1.3	81	INF
23	Oct_27_2017	37.35	41.58	42.24	42.5	42.32	42.47	43.08(0.84%)	UT	HoldLong	65	0.6	34	10	15	92	2.12	62%	0.21	93.2	0.88%	0	1.5	86	INF
24	Oct_26_2017	37.27	41.4	42.12	42.34	42.31	42.37	42.72(1.18%)	UT	HoldLong	65	0.4	45	10	25	103	1.84	64%	0.19	87.3	0.88%	0	1.3	86	INF
25	Oct_25_2017	37.2	41.22	42.02	42.15	42.2	42.18	42.22(-0.21%)	UD	OpenLong	75	0.1	28	0	4	100	2.54	68%		81.8	0.89%	0	0.9	86	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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