Trading Signals: CDNS Stock Price Prediction and Forecast

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Mon. Mar. 7, 2016

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

(Cadence Design Systems Inc)
CDNS latest price $22.2700 (-0.13%) ($22.1400 - $22.3800) on Mon. Mar. 7, 2016.

Trend Analysis and Forecast

Average Daily Percentage Swing   1.74% (three month average)
RSI   82
Latest Price   $22.2700(-0.13%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   CDNS advances 0.6% a day on average for past five trading days.
Weekly Trend   CDNS advances 3% a week on average for past two weeks.
Market Behavior   Rotation from growth to value for large cap. Broad based rally 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(-5%)    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 0.5%

5 Day Moving Average   $22.17(0.45%)
10 Day Moving Average   $21.83(2.02%)
20 Day Moving Average   $21.19(5.1%)
To recent high   -0.1%
To recent low   19.3%
Market Cap   $6.209b

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 3.78% (three month std-dev: 1.74%) daily (68% of days).

Sample size 18 Average positive next day return: 1.09%(50%) Average negative next day return: -1.89%(50%) Sample size 18 Average positive next three day return: 1.41%(61%) Average negative next three day return: -3.31%(39%) Sample size 18 Average positive next weekly return: 1.68%(44%) Average negative next weekly return: -2.34%(56%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20160407

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	Mar_7_2016	21.06	21.19	21.83	22.17	22.17	22.25	22.27(-0.13%)	UD	OpenLong	75	0.1	36	30	12	109	1.48	48%	0.05	80.7	1.74%	0	1.4	82	0
2	Mar_4_2016	21.05	21.08	21.73	22.03	22.06	22.17	22.3(0.63%)	UT	HoldLong	65	0.3	37	40	12	112	1.88	50%	0.05	78.9	1.74%	0	1.5	85	0
3	Mar_3_2016	21.04	20.98	21.59	21.9	21.88	22.08	22.16(-0.05%)	UD	OpenLong	75	0.3	37	60	11	114	2.03	46%	0.05	89.1	1.75%	0	1.6	86	0
4	Mar_2_2016	21.03	20.84	21.46	21.79	21.79	21.94	22.17(0.91%)	UT	HoldLong	65	0.5	42	50	19	109	2.46	46%	0	84.8	1.85%	0	1.7	76	0
5	Mar_1_2016	21.03	20.69	21.33	21.61	21.63	21.68	21.97(1.95%)	UT	HoldLong	65	0.5	39	20	14	112	3.15	46%	0	77.7	1.84%	0	1.6	80	0

6	Feb_29_2016	21.03	20.57	21.19	21.44	21.4	21.63	21.55(-0.37%)	UD	OpenLong	75	0.1	33	70	6	112	2.21	44%	0	79.1	1.81%	0	1.3	80	0
7	Feb_26_2016	21.03	20.47	21.07	21.38	21.28	21.58	21.63(0.09%)	UT	OpenLong	75	0.3	46	80	21	119	2.7	44%	0	79	1.82%	0	1.5	71	0
8	Feb_25_2016	21.03	20.33	20.92	21.24	21.14	21.16	21.61(1.46%)	UT	OpenLong	75	0.5	38	-10	16	104	1.9	46%	0.05	73.8	1.83%	0	1.7	63	0
9	Feb_24_2016	21.02	20.2	20.8	21.08	20.98	20.99	21.3(0.95%)	UT	OpenLong	75	0.3	27	-10	1	103	3.02	46%	0	67.9	1.84%	0	1.5	71	0
10	Feb_23_2016	21.02	20.09	20.66	21.01	20.96	21.11	21.1(-0.71%)	UD	OpenLong	75	0.1	36	40	10	112	2.71	46%	-0.05	70.8	1.83%	0	1.4	71	0

11	Feb_22_2016	21.03	19.98	20.51	20.91	20.88	20.97	21.25(1.43%)	UT	OpenLong	75	0.5	40	30	17	109	3.9	46%	0.05	66.8	1.84%	0	1.7	67	0
12	Feb_19_2016	21.02	19.89	20.38	20.71	20.75	20.81	20.95(0.82%)	UT	OpenLong	75	0.4	30	30	10	88	2.55	41%	0	65.9	2.04%	0	1.6	65	0
13	Feb_18_2016	21.02	19.79	20.32	20.55	20.62	20.8	20.78(-0.81%)	UD	OpenLong	75	0.4	30	70	8	96	3.91	41%	0	63.7	2.04%	0	1.5	69	0
14	Feb_17_2016	21.02	19.7	20.17	20.49	20.47	20.68	20.95(1.65%)	UT	OpenLong	75	0.7	40	70	19	102	5.27	41%	0.05	63.5	2.05%	0	2	72	0
15	Feb_16_2016	21.01	19.59	20	20.26	20.33	20.44	20.61(1.63%)	UT	OpenLong	75	0.6	35	50	18	84	5.44	41%	0	54.6	2.04%	0	1.8	63	0

16	Feb_12_2016	21.01	19.51	19.89	20.06	20.1	20.26	20.28(0.65%)	UT	OpenLong	75	0.4	24	60	7	75	3.14	41%	-0.05	46.3	2.01%	0	1.5	64	0
17	Feb_11_2016	21.02	19.46	19.81	20	19.92	20.22	20.15(-1.42%)	UD	OpenLong	75	0.3	22	90	5	72	5.46	41%	-0.05	44	2.01%	0	1.4	55	0
18	Feb_10_2016	21.03	19.38	19.7	20.05	19.91	19.94	20.44(3.13%)	UT	OpenLong	75	0.8	35	-10	18	84	5.9	41%	0	33.2	2.01%	0	2.2	63	0
19	Feb_9_2016	21.03	19.31	19.54	19.81	20.03	19.61	19.82(1.12%)	UT	OpenLong	75	0	15	-110	1	56	6.57	38%	-0.1	7.6	1.97%	0	1.2	58	0
20	Feb_8_2016	21.05	19.28	19.49	19.69	19.94	19.87	19.6(-2%)	UD	OpenLong	65	-0.2	2	10	-13	48	5.96	38%	-0.05	-13.6	1.96%	0	0.8	58	0

21	Feb_5_2016	21.06	19.26	19.42	19.68	19.85	20.45	20(-1.96%)	UD	OpenLong	75	0.8	29	240	19	59	6.05	39%	-0.05	-32.7	1.96%	0	1.9	60	0
22	Feb_4_2016	21.07	19.24	19.36	19.59	19.66	20	20.4(6.08%)	UT	OpenLong	75	2.1	45	130	39	63	7.52	40%	-0.05	-58.1	1.94%	0	3.1	58	0
23	Feb_3_2016	21.08	19.22	19.21	19.31	19.31	19.26	19.23(0%)	UD	OpenLong	65	-0.2	11	-20	4	31	5.95	33%	-0.09	-96.3	1.78%	0	0	57	0
24	Feb_2_2016	21.1	19.28	19.19	19.23	19.24	19.31	19.23(-1.59%)	UD	OpenLong	65	0	4	30	-2	20	1.76	33%	-0.05	-87	1.78%	0	-0.1	51	0
25	Feb_1_2016	21.11	19.34	19.15	19.25	19.21	19.35	19.54(-0.1%)	UD	OpenLong	75	0.5	17	40	15	22	3.43	33%		-81.8	1.77%	0	0.4	52	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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