| CDNS latest price $69.7900 (0.17%) ($0.0000 - $0.0000) on Thu. Aug. 22, 2019. |
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| Trend Analysis and Forecast |
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| Average Daily Percentage Swing | 1.8% (three month average) |
| RSI | 46 |
| Latest Price | $69.7900(0.17%) |
| Stocks Behave Similarly | Similar Stock List |
| Daily Trend | CDNS advances 0.5% a day on average for past five trading days. |
| Weekly Trend | CDNS declines -0.1% a week on average for past two weeks. |
| Market Behavior | Normal for large cap. Normal for small cap. |
| Correlated ETFs | Broad market will support CDNS advance at 0% a week (0% probability)
IWF(79%) IVW(78%) QQQ(78%) VUG(75%) XLK(75%) |
| Factors Impacting CDNS price | CDNS will decline at least -0.9% in a week (0% probabilities).
VIXM(-51%) VXX(-23%) IFRA(-9%) UUP(-8%) TLT(-6%) |
| Explanation | The rally is not sustainable and not supported by the broad market. |
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| Relative Volatility | (options are extremely cheap) |
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| Market Trend Strength | -0.9% (StdDev 1.8%) |
| Hourly BBV | 0 () |