Trading Signals: CDNS Stock Price Prediction and Forecast

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Thu. Aug. 11, 2022

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

(Cadence Design Systems Inc)
CDNS latest price $186.3950 (0.02%) ($186.3950 - $188.5300) on Thu. Aug. 11, 2022.

Trend Analysis and Forecast

Average Daily Percentage Swing   2.49% (three month average)
RSI   82
Latest Price   $186.3950(0.02%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   CDNS advances 0.1% a day on average for past five trading days.
Weekly Trend   CDNS advances 3.2% a week on average for past two weeks.
Market Behavior   Value stock rally for large cap. Value stock rally for small cap.
Correlated ETFs   Broad market will support CDNS advance at 0% a week (0% probability)
QQQ(61%)    IVW(60%)    IWF(60%)    SPY(57%)    FIVG(55%)
Factors Impacting CDNS price   CDNS will decline at least -1.245% in a week (0% probabilities).
UUP(-21%)    TBT(-13%)    VIXM(-11%)    EDOC(-3%)    VXX(-1%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.245% (StdDev 2.49%)
Hourly BBV 0.1 ()
Intraday Trend 0%

5 Day Moving Average   $185.71(0.37%)
10 Day Moving Average   $185.16(0.67%)
20 Day Moving Average   $176.83(5.41%)
To recent high   -0.1%
To recent low   37.3%
Market Cap   $51.966b

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 6.5% (three month std-dev: 2.49%) daily (68% of days).

Sample size 21 Average positive next day return: 2.48%(48%) Average negative next day return: -1.55%(52%) Sample size 21 Average positive next three day return: 4.24%(52%) Average negative next three day return: -3.7%(48%) Sample size 21 Average positive next weekly return: 5.95%(52%) Average negative next weekly return: -3.25%(48%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20220911

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	Aug_11_2022	157.28	176.83	185.16	185.71	185.51	186.56	186.4(0.02%)	UT	HoldLong	65	0.1	42	40	26	88	1.35	67%	0.19	66.8	2.49%	0.1	0.8	82	-1.8
2	Aug_10_2022	156.98	175.25	184.88	185.55	185.14	185.53	186.35(0.8%)	UT	HoldLong	65	0.1	49	10	29	108	1.74	67%	0.17	61.2	2.54%	0.7	0.9	79	-1.6
3	Aug_9_2022	156.71	173.65	183.97	184.73	184.73	184.47	184.88(0.3%)	UT	HoldLong	65	0	29	-10	3	108	1.16	62%	0.19	57.3	2.56%	0.6	0.9	81	-1.2
4	Aug_8_2022	156.42	172.15	182.73	184.48	184.06	184.75	184.33(-1.21%)	UD	OpenLong	65	-0	25	20	-4	113	1.69	62%	0.17	58.5	2.69%	-0.3	1	83	-1.8
5	Aug_5_2022	156.16	170.82	181.19	184.62	183.96	184.98	186.59(0.53%)	UT	HoldLong	65	0.2	59	30	29	147	1.42	57%	0.22	63.9	2.7%	1.8	1.3	89	-1.3

6	Aug_4_2022	155.82	169.48	179.35	184.56	184.02	183.38	185.61(1.85%)	UT	HoldLong	65	0.1	40	-30	4	149	1.6	59%	0.24	71.7	2.81%	1.4	1.4	85	-1
7	Aug_3_2022	155.44	168.16	177.68	184.17	184.47	182.95	182.23(-0.78%)	UD	OpenLong	65	-0.2	20	-50	-26	156	2.74	59%	0.26	78	2.83%	-0.7	1.2	85	-2.8
8	Aug_2_2022	155.03	166.82	175.94	183.04	184.44	184.66	183.66(-0.74%)	UD	OpenLong	75	0.1	51	30	8	181	1.42	59%	0.29	79.1	2.83%	-0.8	1.5	88	-1.4
9	Aug_1_2022	154.58	165.19	173.77	180.57	182.35	185.99	185.02(-0.67%)	UD	OpenLong	75	0.4	114	170	83	207	1.37	59%	0.27	75.3	2.83%	0.4	1.8	87	-2.7
10	Jul_29_2022	154.17	163.37	170.8	177.1	178.76	184.21	186.27(1.43%)	UT	HoldLong	65	0.9	175	240	162	213	0.98	55%	0.25	66.3	2.85%	1.3	2.3	81	-2.8

11	Jul_28_2022	153.79	161.47	167.77	173.36	173.94	178.72	183.65(3.99%)	UT	OpenLong	75	1.1	149	200	141	173	2.11	57%	0.22	62.5	2.93%	1.7	2.5	73	-1.3
12	Jul_27_2022	153.45	159.75	164.71	170.37	170.31	173.31	176.61(3.11%)	UT	OpenLong	75	0.8	106	120	98	129	2.12	55%	0.21	66	2.92%	1.8	2.2	69	-0.7
13	Jul_26_2022	153.13	158.38	162.35	167.87	168.65	169.17	171.29(2.15%)	UT	OpenLong	75	0.5	68	40	59	95	2.08	53%	0.13	65.9	2.9%	0.8	1.9	70	0.3
14	Jul_25_2022	152.93	157.48	160.62	165.93	166.86	167.31	167.69(0.06%)	UT	OpenLong	75	0.3	28	40	14	69	1.34	53%	0.09	73.6	2.89%	-0.7	1.7	72	1.4
15	Jul_22_2022	152.79	156.91	159.57	163.38	165.22	168.13	167.58(-0.65%)	UD	OpenLong	75	0.8	75	160	72	84	1.14	53%	0.09	82.4	2.9%	0.6	1.9	74	0.8

16	Jul_21_2022	152.65	156.04	158.76	161.17	162.02	166.41	168.67(2.76%)	UT	HoldLong	65	1.5	110	210	114	99	1.05	52%	0.08	80.9	2.92%	1.5	2.5	76	1.1
17	Jul_20_2022	152.53	154.88	157.78	158.19	158.99	162.32	164.14(1.59%)	UT	OpenLong	75	1.3	110	160	116	90	0.99	52%	0.09	74	2.93%	1.2	2	70	0.5
18	Jul_19_2022	152.39	154.06	156.9	156.05	156.39	157.63	161.57(4.29%)	UT	OpenLong	75	1.3	57	60	57	58	1.31	53%	0.07	73.5	2.93%	2	1.8	68	0.6
19	Jul_18_2022	152.28	153.16	155.91	154.61	154.67	155.66	154.92(-1.05%)	UD	OpenLong	75	0.1	12	50	7	25	0.78	51%	0.01	62.2	2.91%	-0.2	0.4	51	1.6
20	Jul_15_2022	152.27	152.49	155.43	155.19	154.59	155.15	156.56(1.83%)	UT	OpenLong	75	0.3	20	10	18	24	0.94	51%	0.05	43	2.91%	1.2	0.9	47	1.8

21	Jul_14_2022	152.19	152.05	154.77	155.99	154.9	153.69	153.74(0.2%)	N/A	N/A	0	-0.4	-19	-80	-29	10	0.8	49%	0.09	31.5	2.92%	0.5	0.3	56	1.7
22	Jul_13_2022	152.06	151.57	154.53	157.31	156.61	154.02	153.44(-0.63%)	N/A	N/A	0	-0.7	-37	-130	-54	16	0.71	49%	0.13	21.8	2.96%	-0.7	0.4	62	1.4
23	Jul_12_2022	151.87	151.02	154.26	157.8	158.27	156.11	154.4(-2.16%)	CR	SmallShort	-20	-0.6	-35	-90	-54	23	0.97	49%	0.02	8.4	2.97%	-2.4	0.6	59	1.1
24	Jul_11_2022	151.84	150.74	154.25	157.25	158.66	159.2	157.81(-1.72%)	UD	OpenLong	75	0.1	18	50	5	58	0.62	49%	0.16	-2	2.95%	-1.5	1.2	68	1.7
25	Jul_8_2022	151.6	150.57	154.16	155.57	156.82	160.44	160.58(0.17%)	UT	OpenLong	75	0.9	82	190	77	96	0.74	47%		-14.9	2.97%	0.8	1.8	74	1.2
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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