Trading Signals: CDNS Stock Price Prediction and Forecast

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Wed. Dec. 30, 2015

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

(Cadence Design Systems Inc)
CDNS latest price $21.2200 (-0.24%) ($21.1400 - $21.3700) on Wed. Dec. 30, 2015.

Trend Analysis and Forecast

Average Daily Percentage Swing   1.49% (three month average)
RSI   53
Latest Price   $21.2200(-0.24%)
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 0.1% 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)
IWF(75%)    IVW(74%)    QQQ(74%)    VUG(72%)    XLK(72%)
Factors Impacting CDNS price   CDNS will decline at least -0.745% in a week (0% probabilities).
VIXM(-19%)    UUP(-14%)    TLT(-8%)    IGOV(-2%)    SHY(-0%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -0.745% (StdDev 1.49%)
Hourly BBV 0 ()
Intraday Trend -0.2%

Resistance Level   $21.33
5 Day Moving Average   $21.26(-0.19%)
10 Day Moving Average   $21.25(-0.14%)
20 Day Moving Average   $21.33(-0.52%)
To recent high   -8.3%
To recent low   3.4%
Market Cap   $5.916b

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 1.41% (three month std-dev: 1.49%) daily (68% of days).

Sample size 3 Average positive next day return: 2.08%(33%) Average negative next day return: -0.49%(67%) Sample size 3 Average positive next three day return: 49.15%(33%) Average negative next three day return: -0.52%(67%) Sample size 3 Average positive next weekly return: 21.54%(67%) Average negative next weekly return: -0.47%(33%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

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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	Dec_30_2015	21.33	21.33	21.25	21.26	21.26	21.26	21.22(-0.24%)	UD	OpenLong	75	-0.1	3	0	2	4	1.75	37%	0	-68.8	1.49%	0	-0.4	53	0
2	Dec_29_2015	21.33	21.38	21.25	21.25	21.27	21.22	21.27(0.28%)	UT	OpenLong	75	0.1	4	-10	4	5	2.43	37%	0	-51.8	1.5%	0	-0.3	45	0
3	Dec_28_2015	21.33	21.43	21.28	21.18	21.2	21.27	21.21(-0.38%)	DP	OpenShort	-65	0.1	-1	30	2	-9	1.93	34%	0.05	-41.9	1.5%	0	-0.5	43	0
4	Dec_24_2015	21.32	21.48	21.27	21.14	21.15	21.32	21.29(-0.14%)	DP	OpenShort	-65	0.3	-1	60	6	-21	0.95	34%	0	-48.3	1.51%	0	-0.4	42	0
5	Dec_23_2015	21.32	21.52	21.25	21.15	21.11	21.13	21.32(0.66%)	DP	OpenShort	-75	0.4	-8	0	-2	-25	2.44	34%	0	-55.1	1.52%	0	-0.4	52	0

6	Dec_22_2015	21.32	21.54	21.23	21.24	21.18	20.98	21.18(1.24%)	DP	OpenShort	-75	-0.1	-20	-70	-13	-39	2.04	34%	0	-58.9	1.51%	0	-0.8	36	0
7	Dec_21_2015	21.32	21.57	21.26	21.33	21.35	21.09	20.92(-0.38%)	DT	OpenShort	-75	-0.9	-23	-80	-15	-45	3.59	34%	0	-63.2	1.51%	0	-1.4	32	0
8	Dec_18_2015	21.32	21.6	21.33	21.38	21.47	21.39	21(-1.59%)	DT	OpenShort	-75	-0.9	-19	-10	-9	-49	5.06	34%	0	-71.9	1.52%	0	-1.4	32	0
9	Dec_17_2015	21.32	21.7	21.4	21.4	21.5	21.6	21.34(-1.98%)	DT	HoldShort	-50	-0.1	-9	50	6	-54	1.77	36%	0.05	-53.3	1.51%	0	-0.7	34	0
10	Dec_16_2015	21.31	21.78	21.39	21.36	21.37	21.56	21.77(0.74%)	DP	OpenShort	-65	0.7	-6	60	16	-71	3.85	39%	0.05	-48.5	1.49%	0	-0	44	0

11	Dec_15_2015	21.3	21.81	21.42	21.23	21.25	21.39	21.61(1.98%)	DP	OpenShort	-65	0.6	-14	50	9	-81	4.56	43%	0.09	-53.8	1.49%	0	-0.3	49	0
12	Dec_14_2015	21.28	21.86	21.47	21.21	21.2	21.19	21.19(0.47%)	DP	OpenShort	-75	-0	-22	-0	-3	-80	3.16	39%	0.09	-54.8	1.5%	0	-1.1	43	0
13	Dec_11_2015	21.26	21.91	21.58	21.28	21.28	21.11	21.09(-0.24%)	DT	OpenShort	-75	-0.3	-26	-60	-13	-64	2.44	39%	0.09	-57.2	1.5%	0	-1.4	47	0
14	Dec_10_2015	21.24	21.98	21.71	21.39	21.41	21.22	21.14(0.14%)	DP	OpenShort	-75	-0.4	-25	-60	-11	-65	2.7	39%	0.09	-54.8	1.5%	0	-1.5	30	0
15	Dec_9_2015	21.22	22.06	21.8	21.41	21.49	21.46	21.11(-1.81%)	DT	OpenShort	-75	-0.6	-35	0	-20	-81	2.93	39%	0.05	-56.7	1.5%	0	-1.8	33	0

16	Dec_8_2015	21.21	22.14	21.88	21.63	21.58	21.59	21.5(-0.28%)	DT	OpenShort	-75	-0.2	-26	-0	-11	-72	2.56	47%	0.09	-43.4	1.49%	0	-1.2	40	0
17	Dec_7_2015	21.19	22.2	21.88	21.78	21.75	21.53	21.56(-0.42%)	DT	OpenShort	-75	-0.4	-22	-70	-7	-67	2.83	47%	0.09	-34.2	1.53%	0	-1.3	42	0
18	Dec_4_2015	21.17	22.26	21.9	21.93	21.6	21.57	21.65(2.03%)	DP	OpenShort	-75	-0.6	-38	-50	-26	-74	2.46	47%	0.09	-22.7	1.54%	0	-1.2	45	0
19	Dec_3_2015	21.15	22.3	22.04	22.08	21.81	21.97	21.22(-4.5%)	DT	OpenShort	-75	-1.8	-11	10	-1	-40	5.81	49%	0.09	-11.4	1.53%	0	-2.3	39	0
20	Dec_2_2015	21.13	22.3	22.21	22.25	21.96	21.62	22.22(-0.22%)	N/A	N/A	0	-0.1	1	-150	7	-17	2.1	58%	0.09	-1.1	1.45%	0	-0.4	46	0

21	Dec_1_2015	21.11	22.3	22.25	22.15	21.87	21.66	22.27(-0.13%)	DT	OpenShort	-75	0.3	-24	-110	-19	-40	2.67	58%	0.14	-2.3	1.46%	0	-0.3	44	0
22	Nov_30_2015	21.08	22.3	22.25	22.04	22.06	22.29	22.3(-0.31%)	N/A	N/A	0	0.7	6	80	21	-38	3.32	58%	0.09	0	1.46%	0	-0.2	47	0
23	Nov_27_2015	21.06	22.37	22.25	21.87	21.89	22.08	22.37(1.31%)	DP	OpenShort	-65	1.3	-16	60	2	-69	1.53	61%	0.24	-2.2	1.47%	0	0	46	0
24	Nov_25_2015	21.01	22.35	22.27	22.02	21.78	21.82	22.08(1.66%)	DP	OpenShort	-75	0.2	-24	-20	-12	-59	2.56	66%	0.14	19	1.54%	0	-0.7	47	0
25	Nov_24_2015	20.98	22.37	22.32	22.19	22.06	21.7	21.72(0.05%)	DP	OpenShort	-75	-1.1	-23	-130	-16	-44	4.57	56%		45.4	1.55%	0	-1.6	42	0
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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