Trading Signals: CDNS Stock Price Prediction and Forecast

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Fri. Jan. 12, 2018

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

(Cadence Design Systems Inc)
CDNS latest price $45.0700 (0.45%) ($44.6400 - $45.1600) on Fri. Jan. 12, 2018.

Trend Analysis and Forecast

Average Daily Percentage Swing   1.11% (three month average)
RSI   74
Latest Price   $45.0700(0.45%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   CDNS advances 0.5% a day on average for past five trading days.
Weekly Trend   CDNS advances 3.3% 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(77%)    IVW(76%)    QQQ(76%)    XLK(74%)    VUG(73%)
Factors Impacting CDNS price   CDNS will decline at least -0.555% 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   -0.555% (StdDev 1.11%)
Hourly BBV 0 ()
Intraday Trend 0.2%

5 Day Moving Average   $44.95(0.27%)
10 Day Moving Average   $43.98(2.48%)
20 Day Moving Average   $43.43(3.78%)
To recent high   -1.2%
To recent low   7.8%
Market Cap   $12.565b

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 2.6% (three month std-dev: 1.11%) daily (68% of days).

Sample size 3 Average positive next day return: 0.97%(67%) Average negative next day return: -0.18%(33%) Sample size 3 Average positive next three day return: 2.41%(67%) Average negative next three day return: -1.13%(33%) Sample size 3 Average positive next weekly return: 2.49%(67%) Average negative next weekly return: -0.29%(33%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20180212

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	Jan_12_2018	41.9	43.43	43.98	44.95	44.94	44.94	45.07(0.45%)	UT	OpenLong	75	0.1	56	-0	14	182	1.21	59%	0.19	40	1.11%	0	1.5	74	INF
2	Jan_11_2018	41.82	43.32	43.71	44.74	44.81	44.89	44.87(0.07%)	UT	OpenLong	75	0.1	51	20	15	160	1.17	59%	0.19	38	1.12%	0	1.5	62	INF
3	Jan_10_2018	41.74	43.23	43.45	44.48	44.56	44.93	44.84(-0.51%)	UD	OpenLong	75	0.4	59	60	34	135	1.37	59%	0.19	36.2	1.12%	0	1.6	56	INF
4	Jan_9_2018	41.66	43.15	43.15	44.1	44.2	44.73	45.07(0.33%)	UT	OpenLong	75	1.1	76	90	66	105	1.69	59%	0.19	33.2	1.12%	0	2.1	59	INF
5	Jan_8_2018	41.58	43.06	42.86	43.49	43.58	44.19	44.92(2.11%)	UT	OpenLong	75	1.8	61	100	65	47	2.01	59%	0.19	16.4	1.12%	0	2.4	57	INF

6	Jan_5_2018	41.5	42.98	42.59	42.87	42.97	43.68	43.99(0.94%)	N/A	N/A	0	1.7	43	120	59	-7	2.22	57%	0.19	-9	1.09%	0	1.5	55	INF
7	Jan_4_2018	41.42	42.92	42.49	42.53	42.52	42.98	43.58(1.51%)	N/A	N/A	0	1.6	32	80	53	-33	3.18	57%	0.15	-25.8	1.09%	0	1	53	INF
8	Jan_3_2018	41.36	42.87	42.48	42.27	42.22	42.26	42.93(2.09%)	N/A	N/A	0	1	0	0	21	-62	2.14	55%	0.15	-55.8	1.08%	0	0.1	45	INF
9	Jan_2_2018	41.3	42.85	42.53	42.08	42.22	42.05	42.05(0.55%)	DP	OpenShort	-75	-0	-28	-10	-8	-89	1.94	51%	0.24	-83.7	1.05%	0	-1.3	33	INF
10	Dec_29_2017	41.2	42.94	42.69	42.12	42.13	42.19	41.82(-1.11%)	DT	OpenShort	-75	-0.5	-28	10	-8	-87	1.63	53%	0.15	-97.9	1.05%	0	-1.8	29	INF

11	Dec_28_2017	41.14	43.04	42.83	42.25	42.17	42.22	42.29(0.09%)	DP	OpenShort	-75	0.1	-24	0	-5	-81	1.33	55%	0.12	-105.8	1.05%	0	-1.3	33	INF
12	Dec_27_2017	41.09	43.09	42.91	42.43	42.32	42.07	42.25(0.67%)	DP	OpenShort	-75	-0.3	-39	-50	-26	-76	1.05	57%	0.15	-118.2	1.05%	0	-1.5	44	INF
13	Dec_26_2017	41.03	43.23	43.02	42.74	42.67	42.12	41.97(-0.69%)	DT	OpenShort	-75	-1.1	-49	-100	-46	-56	0.98	57%	0.24	-84.4	1.06%	0	-1.8	45	INF
14	Dec_22_2017	40.93	43.39	43.18	43.05	43.09	42.56	42.26(-0.52%)	DT	OpenShort	-75	-0.9	-47	-80	-55	-24	1.24	57%	0.15	-56.1	1.06%	0	-1.3	52	INF
15	Dec_21_2017	40.87	43.55	43.32	43.34	43.5	43.21	42.48(-1.69%)	N/A	N/A	0	-1	-21	-40	-29	5	1.53	57%	0.17	-44.6	1.07%	0	-1.3	39	INF

16	Dec_20_2017	40.8	43.67	43.44	43.48	43.64	43.62	43.21(-1.26%)	UD	OpenLong	65	-0.3	2	10	-5	22	1.84	58%	0.15	-36.4	1.04%	0	-0.5	42	INF
17	Dec_19_2017	40.74	43.77	43.41	43.45	43.57	43.79	43.76(0.46%)	UT	OpenLong	75	0.3	16	40	13	24	3.32	60%	0.17	-32.7	1.04%	0	-0	56	INF
18	Dec_18_2017	40.67	43.82	43.31	43.36	43.45	43.67	43.56(-0.27%)	N/A	N/A	0	0.2	13	40	20	-10	3.28	62%	0.17	-34	1.04%	0	-0.3	37	INF
19	Dec_15_2017	40.6	43.87	43.2	43.34	43.32	43.35	43.68(1.13%)	DP	OpenShort	-65	0.4	-9	0	5	-49	16.06	62%	0.17	-31.8	1.05%	0	-0.2	38	INF
20	Dec_14_2017	40.53	43.93	43.19	43.32	43.36	43.24	43.19(0.3%)	DP	OpenShort	-75	-0.1	-27	-20	-9	-80	3.61	62%	0.15	-26.2	1.04%	0	-0.8	31	INF

21	Dec_13_2017	40.47	43.99	43.26	43.39	43.47	43.3	43.06(-0.53%)	DT	OpenShort	-75	-0.3	-28	-20	-8	-88	3.44	62%	0.15	-23.6	1.06%	0	-1	37	INF
22	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	INF
23	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	INF
24	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	INF
25	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%		-32.2	1.08%	0	-0.7	42	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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