Trading Signals: CDNS Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Oct. 27, 2023)(Cadence Design Systems Inc)
| CDNS latest price $25.3300 (1.97%) ($24.7400 - $25.5600) on Fri. Nov. 11, 2016. | |
| | Trend Analysis and Forecast | | | | Average Daily Percentage Swing | 1.12% (three month average) | | RSI | 42 | | Latest Price | $25.3300(1.97%) | | Stocks Behave Similarly | Similar Stock List | | Daily Trend | CDNS advances 0.3% a day on average for past five trading days. | | Weekly Trend | CDNS declines -0.5% a week on average for past two weeks. | | Market Behavior | Normal 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%) XLK(73%) VUG(72%) | | Factors Impacting CDNS price | CDNS will decline at least -0.56% in a week (0% probabilities).
VIXM(-16%) UUP(-14%) TLT(-7%) IGOV(-2%) DIA(-1%) | | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | | | | Relative Volatility | (options are extremely cheap) | | | | | Market Trend Strength | -0.56% (StdDev 1.12%) | | Hourly BBV | 0 () | | Intraday Trend | 2% | | | | | |
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| Resistance Level | $25.41 | | 5 Day Moving Average | $25.23(0.4%) | | 10 Day Moving Average | $25.13(0.8%) | | 20 Day Moving Average | $25.41(-0.31%) | | To recent high | -3.5% | | To recent low | 4.5% | | Market Cap | $7.062b | | | | | | |
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. |