Trading Signals: CDNS Stock Price Prediction and Forecast

^ CDNS: Intraday Hourly Forecast Similar Waves GapOpen Research Timing Gains Losses Strategies Practice

Tue. Jun. 13, 2023

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

(Cadence Design Systems Inc)
CDNS latest price $239.0500 (2.49%) ($235.7850 - $239.0500) on Tue. Jun. 13, 2023.

Trend Analysis and Forecast

Average Daily Percentage Swing   2.1% (three month average)
RSI   74
Latest Price   $239.0500(2.49%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   CDNS advances 0.9% a day on average for past five trading days.
Weekly Trend   CDNS advances 2.2% 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)
BOTZ(66%)    ARKK(54%)    ACES(38%)    ARKG(38%)    BLOK(37%)
Factors Impacting CDNS price   CDNS will decline at least -1.05% in a week (0% probabilities).
SHY(-11%)    XLP(-8%)    TIP(-6%)    TBT(-5%)    VCSH(-4%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.05% (StdDev 2.1%)
Hourly BBV 1.2 ()
Intraday Trend 0%

5 Day Moving Average   $230.49(3.71%)
10 Day Moving Average   $230.79(3.58%)
20 Day Moving Average   $223.44(6.99%)
To recent high   0%
To recent low   21.2%
Market Cap   $66.646b

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 5.09% (three month std-dev: 2.1%) daily (68% of days).

Sample size 50 Average positive next day return: 2.13%(52%) Average negative next day return: -1.89%(48%) Sample size 50 Average positive next three day return: 3.59%(62%) Average negative next three day return: -3.25%(38%) Sample size 50 Average positive next weekly return: 5.06%(58%) Average negative next weekly return: -3.45%(42%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20230713

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	Jun_13_2023	205.16	223.44	230.79	230.49	231.97	235.11	239.05(2.49%)	UT	OpenLong	75	0.8	159	110	168	130	2.09	70%	0.28	62.1	2.1%	1.2	1.4	74	1.3
2	Jun_12_2023	204.59	221.6	230.22	228.47	227.98	230.81	233.25(1.58%)	UT	OpenLong	75	0.4	70	80	59	101	1.44	69%	0.27	55	2.08%	1.7	1	66	1.4
3	Jun_9_2023	204.03	220.03	229.78	228.28	227.22	228.83	229.62(0.69%)	UT	OpenLong	75	0.1	90	40	78	125	0.82	69%	0.29	51.6	2.08%	1	0.8	60	1.7
4	Jun_8_2023	203.44	218.66	229.37	228.35	227.9	225.16	228.04(2.5%)	UD	OpenLong	65	-0	8	-90	-22	97	1.4	70%	0.28	49.4	2.09%	0.4	0.8	59	2
5	Jun_7_2023	202.87	217.48	227.18	229.31	228.37	225.61	222.48(-2.82%)	CR	SmallShort	-20	-0.5	-112	-100	-166	50	1.44	69%	0.25	50.4	2.08%	-1.8	0.4	65	2.2

6	Jun_6_2023	202.36	216.59	225.81	230.98	231.02	230.64	228.94(-1.46%)	UD	OpenLong	65	-0.2	15	-10	-24	131	0.91	73%	0.13	51.9	2.05%	-1.5	1	70	2.4
7	Jun_5_2023	202.09	215.4	224.18	232.14	231.49	231.14	232.34(1.05%)	UD	OpenLong	65	0	34	-20	-9	164	1.38	73%	0.32	53.9	2.04%	0.7	1.3	72	2.3
8	Jun_2_2023	201.44	213.99	222.55	231.48	231.88	231.4	229.94(-1.26%)	UD	OpenLong	65	-0.1	44	-10	-3	186	1.61	73%	0.32	53.7	2.04%	-0.4	1.3	72	2.2
9	Jun_1_2023	200.8	212.7	221.2	230.49	231.66	231.83	232.87(0.89%)	UT	OpenLong	75	0.2	87	20	42	222	1.39	73%	0.33	52.8	2.04%	0.8	1.7	74	2
10	May_31_2023	200.14	211.36	218.33	224.59	229.69	232.37	230.8(-1.68%)	UD	OpenLong	75	0.6	161	150	142	217	1.47	73%	0.35	44.2	2.07%	-0.8	1.8	70	1.2

11	May_30_2023	199.45	210.18	215.5	219.68	222.84	231.5	234.75(2.48%)	UT	OpenLong	75	1.6	226	320	229	215	3.32	73%	0.55	37.3	2.07%	1.2	2.6	73	1.3
12	May_26_2023	198.35	208.83	212.12	215.07	215.92	227.02	229.06(1.82%)	UT	OpenLong	75	1.9	359	370	396	247	1.91	71%	0.37	28.8	2.01%	1	2.7	69	0.8
13	May_25_2023	197.61	207.72	209.22	212.53	211.55	214.18	224.97(10.61%)	UT	OpenLong	75	2.1	247	70	272	173	3.18	71%	0.34	21.8	2.01%	1.8	3	67	0.2
14	May_24_2023	196.94	206.78	206.74	210.92	209.41	204.82	203.39(-1.39%)	DT	OpenShort	-75	-1.7	-143	-170	-186	-12	0.84	62%	0.23	13.7	1.54%	-1	-0.8	49	-0.2
15	May_23_2023	196.49	206.81	206.89	211.05	212.07	208.93	206.25(-2.56%)	DT	OpenShort	-75	-1.1	-111	-90	-148	-1	1.07	62%	0.05	4.3	1.55%	-1.4	-0.1	48	0.9

16	May_22_2023	196.39	206.71	206.69	210.3	211.5	214	211.67(-2.18%)	UD	OpenLong	75	0.3	25	100	17	50	1.78	67%	0.27	-10.4	1.53%	-1.6	1.1	52	1.2
17	May_19_2023	195.86	206.72	206.03	208.37	209.22	215.21	216.39(-0.23%)	UD	OpenLong	75	1.7	259	210	300	134	1.15	72%	0.29	-21.8	1.49%	0.8	2.1	56	1.6
18	May_18_2023	195.3	206.46	204.8	205.32	205.64	208.99	216.88(6.28%)	UT	OpenLong	75	2.6	229	120	277	85	3	72%	0.31	-44.1	1.5%	1.6	2.4	60	2.1
19	May_17_2023	194.7	206.19	203.46	202.23	202.42	203.24	204.07(0.77%)	N/A	N/A	0	0.5	24	30	50	-56	1.29	65%	0.23	-73.1	1.3%	1.2	-0.5	37	1.6
20	May_16_2023	194.25	206.63	203.81	202.25	201.8	202.29	202.51(0.25%)	DP	OpenShort	-65	0.1	-2	10	18	-61	0.81	56%	0.05	-68.3	1.29%	1.3	-1	50	1.1

21	May_15_2023	194.16	207.19	204.46	202.54	202.1	201.6	202.01(0.44%)	DP	OpenShort	-75	-0.1	-16	-20	-4	-53	1.09	56%	0.22	-66.5	1.37%	1.8	-1.2	48	1.7
22	May_12_2023	193.74	207.74	205.32	203.26	202.53	201.31	201.12(-0.15%)	DT	OpenShort	-75	-0.5	-65	-50	-65	-66	1.22	66%	0.21	-63	1.65%	-0.5	-1.5	30	1.2
23	May_11_2023	193.33	208.42	206.14	204.1	203.65	202.61	201.42(-1.36%)	DT	OpenShort	-75	-0.6	-57	-40	-56	-61	1.84	66%	0.2	-51.9	1.66%	-1.3	-1.6	30	1.2
24	May_10_2023	192.95	209.2	206.86	204.82	204.61	203.76	204.2(0.12%)	DP	OpenShort	-75	-0.1	-42	-30	-38	-55	1.4	66%	0.22	-41.2	1.66%	-0.5	-1.2	33	1.1
25	May_9_2023	192.52	209.62	206.84	205.59	204.93	204.69	203.96(-0.79%)	DT	OpenShort	-75	-0.4	-53	-20	-48	-67	0.64	66%		-36.6	1.68%	-1.8	-1.4	32	0.7
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

Click to see actual return for next trading day.