Trading Signals: CDNS Stock Price Prediction and Forecast

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Tue. Dec. 12, 2017

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

(Cadence Design Systems Inc)
CDNS latest price $43.2900 (-0.48%) ($43.1100 - $43.6400) on Tue. Dec. 12, 2017.

Trend Analysis and Forecast

Average Daily Percentage Swing   1.05% (three month average)
RSI   36
Latest Price   $43.2900(-0.48%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   CDNS advances 0.3% a day on average for past five trading days.
Weekly Trend   CDNS declines -2% a week on average for past two weeks.
Market Behavior   Value stock rally for large cap. Growth stock sell-off 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(-8%)    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   -0.525% (StdDev 1.05%)
Hourly BBV 0 ()
Intraday Trend -0.3%

Resistance Level   $44.07
5 Day Moving Average   $43.36(-0.16%)
10 Day Moving Average   $43.27(0.05%)
20 Day Moving Average   $44.07(-1.77%)
To recent high   -5.1%
To recent low   15.6%
Market Cap   $12.069b

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 2.13% (three month std-dev: 1.05%) daily (68% of days).

Sample size 1 Average positive next day return: 0%(0%) Average negative next day return: -0.94%(100%) Sample size 1 Average positive next three day return: 1.46%(100%) Average negative next three day return: %(0%) Sample size 1 Average positive next weekly return: 3.19%(100%) Average negative next weekly return: 0%(0%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20180112

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	Dec_12_2017	40.41	44.07	43.27	43.36	43.48	43.49	43.29(-0.48%)	DT	HoldShort	-50	-0.1	-26	10	3	-113	1.92	62%	0.22	-23	1.05%	0	-0.8	36	0
2	Dec_11_2017	40.32	44.14	43.44	43.24	43.31	43.65	43.5(-0.14%)	DP	OpenShort	-65	0.3	-10	60	24	-112	1.39	59%	0.2	-25.1	1.05%	0	-0.7	41	0
3	Dec_8_2017	40.24	44.14	43.59	43.02	43.08	43.48	43.56(0.02%)	DP	OpenShort	-65	0.6	-11	70	25	-119	1.58	59%	0.22	-31.7	1.08%	0	-0.7	44	0
4	Dec_7_2017	40.15	44.18	43.77	43.05	42.96	42.98	43.55(1.52%)	DP	OpenShort	-65	0.5	-23	-0	9	-117	2.11	59%	0.2	-32.2	1.08%	0	-0.7	42	0
5	Dec_6_2017	40.07	44.21	43.91	43.12	43.03	42.69	42.9(0.54%)	DP	OpenShort	-75	-0.2	-47	-60	-22	-120	2.09	57%	0.2	-25.5	1.07%	0	-1.5	43	0

6	Dec_5_2017	39.99	44.29	44.15	43.18	43.29	42.94	42.67(0.59%)	DP	OpenShort	-75	-0.6	-69	-50	-51	-124	2.3	55%	0.2	-19.8	1.07%	0	-1.9	38	0
7	Dec_4_2017	39.91	44.38	44.38	43.68	43.65	43.37	42.42(-2.97%)	DT	OpenShort	-75	-1.7	-60	-50	-50	-88	1.91	55%	0.2	4.1	1.08%	0	-2.6	38	0
8	Dec_1_2017	39.83	44.47	44.62	44.22	44.16	43.65	43.72(-0.43%)	DT	OpenShort	-75	-0.8	-44	-80	-43	-45	1.76	58%	0.23	35.2	1.01%	0	-1.2	50	0
9	Nov_30_2017	39.74	44.48	44.74	44.6	44.59	43.93	43.91(1.74%)	DP	OpenShort	-75	-1.1	-44	-100	-56	-7	3.41	62%	0.25	61.2	1.06%	0	-0.9	55	0
10	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	0

11	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	0
12	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	0
13	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	0
14	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	0
15	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	0

16	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	0
17	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	0
18	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	0
19	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	0
20	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	0

21	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	0
22	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	0
23	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	0
24	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	0
25	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%		89.7	0.86%	0	1.8	84	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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