Trading Signals: CDNS Stock Price Prediction and Forecast

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Thu. Jan. 28, 2016

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

(Cadence Design Systems Inc)
CDNS latest price $18.9900 (0.8%) ($18.7700 - $19.1300) on Thu. Jan. 28, 2016.

Trend Analysis and Forecast

Average Daily Percentage Swing   1.74% (three month average)
RSI   42
Latest Price   $18.9900(0.8%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   CDNS advances 0.1% a day on average for past five trading days.
Weekly Trend   CDNS declines -0.2% a week on average for past two weeks.
Market Behavior   Growth stock rally for large cap. Rotation from growth to value 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 -0.87% in a week (0% probabilities).
VIXM(-18%)    UUP(-14%)    TLT(-7%)    IPO(-4%)    IGOV(-2%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -0.87% (StdDev 1.74%)
Hourly BBV 0 ()
Intraday Trend -0.1%

Resistance Level   $19.47
5 Day Moving Average   $19.1(-0.58%)
10 Day Moving Average   $19.07(-0.42%)
20 Day Moving Average   $19.47(-2.47%)
To recent high   -17.9%
To recent low   1.8%
Market Cap   $5.294b

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 3.24% (three month std-dev: 1.74%) daily (68% of days).

Sample size 3 Average positive next day return: 0.62%(67%) Average negative next day return: -0.12%(33%) Sample size 3 Average positive next three day return: 1.79%(33%) Average negative next three day return: -4.6%(67%) Sample size 3 Average positive next weekly return: 4.79%(33%) Average negative next weekly return: -9.14%(67%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20160228

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	Jan_28_2016	21.14	19.47	19.07	19.1	19.11	19.06	18.99(0.8%)	DP	OpenShort	-75	-0.2	-5	-20	-3	-9	1.51	33%	-0.09	-79.6	1.74%	0	-0.8	42	0
2	Jan_27_2016	21.16	19.58	19.04	19.09	19.2	19.14	18.84(-2.38%)	DT	OpenShort	-75	-0.3	-10	-0	-2	-35	3.17	33%	-0.09	-67.2	1.78%	0	-1	37	0
3	Jan_26_2016	21.18	19.69	19.04	19.13	19.17	19.16	19.3(2.28%)	DP	OpenShort	-65	0.2	-10	0	4	-51	3.36	34%	-0.09	-58.9	1.78%	0	-0.5	37	0
4	Jan_25_2016	21.2	19.78	19.07	19.04	19.09	19.27	18.87(-3.33%)	DT	HoldShort	-50	-0.2	-20	70	1	-82	2.69	31%	-0.05	-58.4	1.75%	0	-1	32	0
5	Jan_22_2016	21.21	19.9	19.1	19.07	19.05	19.19	19.52(3.12%)	DP	OpenShort	-65	0.5	-17	50	12	-104	2.53	33%	-0.05	-60.4	1.71%	0	-0.4	34	0

6	Jan_21_2016	21.22	19.98	19.12	19.04	19.05	19.19	18.93(-0.58%)	DT	HoldShort	-50	-0.1	-33	-30	3	-139	1.75	28%	-0.05	-60	1.66%	0	-1.1	22	0
7	Jan_20_2016	21.23	20.08	19.23	18.99	18.93	18.9	19.04(1.01%)	DP	OpenShort	-75	0.1	-45	-20	-4	-166	3.61	28%	-0.05	-61.9	1.66%	0	-1.1	22	0
8	Jan_19_2016	21.24	20.18	19.37	19.01	18.97	18.9	18.85(-0.79%)	DT	HoldShort	-65	-0.2	-49	-10	-6	-177	2.95	28%	0	-62.4	1.66%	0	-1.4	20	0
9	Jan_15_2016	21.24	20.31	19.54	19.09	19.02	18.96	19(-1.96%)	DT	HoldShort	-65	-0.1	-51	-30	-6	-185	3.38	28%	-0.05	-63.2	1.64%	0	-1.4	21	0
10	Jan_14_2016	21.25	20.45	19.71	19.14	19.12	18.98	19.38(3.86%)	DP	OpenShort	-75	0.3	-56	-50	-10	-194	5.9	30%	0	-61.4	1.63%	0	-1.2	22	0

11	Jan_13_2016	21.25	20.56	19.89	19.21	19.26	19.09	18.66(-2.51%)	DT	HoldShort	-65	-0.6	-75	-50	-31	-206	5.42	23%	0	-58.7	1.55%	0	-2.1	9	0
12	Jan_12_2016	21.25	20.7	20.15	19.52	19.49	19.27	19.14(-0.73%)	DT	HoldShort	-65	-0.5	-64	-80	-28	-173	4.2	24%	0	-57.8	1.53%	0	-2	20	0
13	Jan_11_2016	21.25	20.8	20.36	19.8	19.73	19.42	19.28(0.21%)	DP	OpenShort	-75	-0.7	-60	-120	-32	-145	4.34	24%	0	-58.4	1.53%	0	-2.1	21	0
14	Jan_8_2016	21.25	20.9	20.57	20.05	20.04	19.71	19.24(-2.58%)	DT	HoldShort	-65	-1.3	-57	-120	-35	-122	4.22	24%	-0.09	-58.2	1.54%	0	-2.7	17	0
15	Jan_7_2016	21.27	21.01	20.78	20.37	20.22	20.04	19.75(-2.23%)	DT	HoldShort	-65	-1.3	-52	-80	-35	-101	2.54	26%	-0.09	-68.3	1.51%	0	-2.7	17	0

16	Jan_6_2016	21.29	21.1	20.94	20.66	20.5	20.38	20.2(-1.66%)	DT	OpenShort	-75	-1.3	-33	-60	-19	-74	2.58	28%	-0.05	-77.2	1.49%	0	-2.5	25	0
17	Jan_5_2016	21.3	21.17	21.02	20.87	20.76	20.4	20.54(0.05%)	DP	OpenShort	-75	-1.1	-29	-140	-20	-57	3.54	35%	-0.05	-82.9	1.48%	0	-2	40	0
18	Jan_4_2016	21.31	21.23	21.07	21.01	20.94	20.62	20.53(-1.35%)	DT	OpenShort	-75	-1.7	-35	-120	-30	-49	3.4	35%	-0.09	-90.9	1.51%	0	-2.5	43	0
19	Dec_31_2015	21.33	21.26	21.15	21.16	21.16	21.11	20.81(-1.93%)	DT	OpenShort	-75	-1.5	-16	-20	-13	-24	3.12	35%	0	-105.3	1.51%	0	-1.9	46	0
20	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

21	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
22	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
23	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
24	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
25	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%		-58.9	1.51%	0	-0.8	36	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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