Trading Signals: CDNS Stock Price Prediction and Forecast

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Thu. Jul. 27, 2023

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

(Cadence Design Systems Inc)
CDNS latest price $234.9100 (0.61%) ($234.0300 - $234.9100) on Thu. Jul. 27, 2023.

Trend Analysis and Forecast

Average Daily Percentage Swing   2.12% (three month average)
RSI   62
Latest Price   $234.9100(0.61%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   CDNS declines -0.4% a day on average for past five trading days.
Weekly Trend   CDNS advances 0.9% a week on average for past two weeks.
Market Behavior   Broad based sell-off for large cap. Broad based sell-off for small cap.
Correlated ETFs   Broad market will support CDNS advance at 0% a week (0% probability)
QQQ(78%)    IVW(77%)    SMH(77%)    XLK(76%)    IWF(75%)
Factors Impacting CDNS price   CDNS will decline at least -1.06% in a week (0% probabilities).
VXX(-59%)    VIXM(-59%)    UUP(-27%)    TBT(-20%)    IGOV(-13%)

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.06% (StdDev 2.12%)
Hourly BBV -0.6 ()
Intraday Trend 0%

Resistance Level   $236.65
5 Day Moving Average   $238.22(-1.39%)
10 Day Moving Average   $240.04(-2.14%)
20 Day Moving Average   $236.65(-0.74%)
To recent high   -4%
To recent low   16.8%
Market Cap   $65.491b

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 2.16% (three month std-dev: 2.12%) daily (68% of days).

Sample size 13 Average positive next day return: 2.46%(77%) Average negative next day return: -0.75%(23%) Sample size 13 Average positive next three day return: 5.49%(46%) Average negative next three day return: -2.09%(54%) Sample size 13 Average positive next weekly return: 6.34%(46%) Average negative next weekly return: -2.3%(54%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20230827

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	Jul_27_2023	218.9	236.65	240.04	238.22	237	234.66	234.91(0.61%)	DP	OpenShort	-75	-0.6	-58	-80	-75	-5	2.14	84%	0.16	54.6	2.12%	-0.6	-0.3	62	0.5
2	Jul_26_2023	218.54	236.39	240.56	239.08	239.13	236.4	233.49(-1.96%)	CR	SmallShort	-20	-1	-68	-80	-92	4	1.36	84%	0.18	57.5	2.14%	-1.4	-0.5	56	1.9
3	Jul_25_2023	218.14	236.22	240.63	240.86	240.27	239.34	238.17(-1.31%)	N/A	N/A	0	-0.5	-54	-30	-79	22	2.41	76%	0.19	62	2.12%	-1.2	0.3	58	1.2
4	Jul_24_2023	217.72	235.51	240.12	242.07	241.33	241.85	241.33(-0.77%)	UD	OpenLong	65	-0.1	14	10	-1	57	2.06	76%	0.21	52.1	2.19%	-0.5	0.9	57	1.6
5	Jul_21_2023	217.26	234.73	239.5	242.75	242.25	241.21	243.2(1.66%)	UT	OpenLong	75	0.1	21	-40	6	67	1.81	76%	0.24	45.4	2.18%	0.2	1.3	60	1.1

6	Jul_20_2023	216.74	233.9	237.97	242.22	242.64	240.81	239.22(-1.31%)	CR	SmallShort	-20	-0.5	-38	-50	-62	36	1.34	76%	0.23	38.4	2.18%	-2.5	0.8	63	1.4
7	Jul_19_2023	216.24	233.34	237.15	242.24	242.97	243.29	242.4(-0.73%)	UD	OpenLong	65	0	9	20	-9	61	1.01	76%	0.23	31.1	2.17%	0	1.5	67	1.5
8	Jul_18_2023	215.74	232.79	236.14	240.28	242.2	244.47	244.18(-0.24%)	UD	OpenLong	75	0.7	89	90	88	92	1.3	76%	0.25	23.4	2.17%	1.7	1.9	69	1.9
9	Jul_17_2023	215.21	232.31	235.16	237.82	239.55	242.64	244.77(1.76%)	UT	OpenLong	75	1.3	114	110	118	103	1.03	76%	0.25	18.3	2.16%	1.7	2.3	74	1.4
10	Jul_14_2023	214.68	231.86	234.03	235.82	236.13	239.93	240.52(0.49%)	UT	OpenLong	75	1	108	120	111	98	0.86	76%	0.21	18.9	2.16%	0.7	1.9	67	1.2

11	Jul_13_2023	214.23	231.52	232.8	233.14	234.69	236.45	239.34(2.91%)	UT	OpenLong	75	1.4	130	70	142	95	1.47	77%	0.22	16.2	2.17%	1.7	1.8	64	1
12	Jul_12_2023	213.76	231.42	231.69	231.38	231.83	232.33	232.57(0.29%)	UT	HoldLong	50	0.3	5	20	-3	27	1.11	76%	0.19	16.4	2.15%	0	0.3	56	1.1
13	Jul_11_2023	213.35	231.44	231.35	231.37	231.06	232.93	231.9(-1.22%)	UD	OpenLong	75	0.1	32	50	30	37	1.24	76%	0.09	16.5	2.16%	0.4	0.1	49	-0.3
14	Jul_10_2023	213.15	231.33	230.53	232.07	231.41	231.32	234.76(3.36%)	UT	OpenLong	75	0.6	44	-10	47	34	1.33	77%	0.2	20.7	2.15%	1.9	0.8	46	-0.5
15	Jul_7_2023	212.73	231	229.59	232.04	231.57	229.2	227.13(-1.47%)	DT	OpenShort	-75	-1.1	-67	-80	-79	-29	0.92	76%	0.16	16.1	2.14%	-1	-0.9	35	-0.3

16	Jul_6_2023	212.4	230.83	229.6	232.3	233.26	231.51	230.52(-0.87%)	DT	OpenShort	-75	-0.4	-42	-40	-48	-25	0.77	76%	0.14	9.2	2.14%	-0.9	-0.1	43	-0.6
17	Jul_5_2023	212.1	230.76	229.37	231.94	232.69	233.95	232.54(-1.21%)	DT	OpenShort	-75	0.1	-13	50	-9	-23	1.44	73%	0.29	0.5	2.14%	-0.2	0.4	40	0.9
18	Jul_3_2023	211.48	230.73	229.29	231.22	231.74	235.01	235.39(0.32%)	UT	OpenLong	75	0.9	93	110	117	21	0.85	73%	0.25	-0.5	2.13%	0	1	52	1.2
19	Jun_30_2023	210.95	230.44	229.24	228.74	230.13	231.43	234.63(2.72%)	UT	OpenLong	75	1.3	92	60	119	11	0.94	73%	0.23	-10.8	2.12%	1.6	0.9	56	1
20	Jun_29_2023	210.46	230.31	229.41	226.88	227.22	228.47	228.42(-0.13%)	DP	OpenShort	-65	0.3	-7	40	4	-38	1.05	71%	0.21	6.8	2.1%	-0.2	-0.4	52	1

21	Jun_28_2023	210.02	230.44	230.03	226.54	226.38	228.84	228.71(-0.11%)	UD	OpenLong	75	0.5	58	70	76	2	0.96	71%	0.2	30	2.1%	0.8	-0.4	59	1.2
22	Jun_27_2023	209.61	230.73	231	226.45	225.89	225.97	228.96(2.68%)	N/A	N/A	0	0.6	36	-0	48	0	1.11	71%	0.22	52.8	2.11%	2.1	-0.4	51	1.1
23	Jun_26_2023	209.16	230.76	231.44	227.16	225.71	223.93	222.99(-1.03%)	DT	OpenShort	-75	-0.9	-81	-70	-91	-50	1.44	70%	0.18	70.1	2.08%	-2	-1.7	42	1
24	Jun_23_2023	208.78	230.93	232.23	229.82	228.09	225.81	225.32(-0.63%)	DT	OpenShort	-75	-1.1	-76	-90	-91	-32	7	70%	0.18	104.4	2.09%	-0.7	-1.3	47	1.1
25	Jun_22_2023	208.4	230.01	232.63	232.31	230.95	227.5	226.74(-0.66%)	DT	OpenShort	-75	-1.3	-89	-120	-110	-27	2.05	67%		121.3	2.09%	-1	-0.8	45	1.4
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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