Trading Signals: CDNS Stock Price Prediction and Forecast

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Thu. May. 25, 2017

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

(Cadence Design Systems Inc)
CDNS latest price $34.7600 (1.43%) ($34.3000 - $34.8700) on Thu. May. 25, 2017.

Trend Analysis and Forecast

Average Daily Percentage Swing   1.08% (three month average)
RSI   68
Latest Price   $34.7600(1.43%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   CDNS advances 1.5% a day on average for past five trading days.
Weekly Trend   CDNS advances 1.5% a week on average for past two weeks.
Market Behavior   Growth stock rally for large cap. Normal for small cap.
Correlated ETFs   Broad market will support CDNS advance at 0% a week (0% probability)
IWF(76%)    QQQ(76%)    IVW(75%)    XLK(74%)    VUG(73%)
Factors Impacting CDNS price   CDNS will decline at least -0.54% in a week (0% probabilities).
VIXM(-16%)    UUP(-15%)    TLT(-8%)    IPO(-2%)    IGOV(-2%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -0.54% (StdDev 1.08%)
Hourly BBV 0 ()
Intraday Trend 1.3%

5 Day Moving Average   $33.87(2.63%)
10 Day Moving Average   $33.37(4.17%)
20 Day Moving Average   $33.11(4.98%)
To recent high   0%
To recent low   12.7%
Market Cap   $9.691b

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 1.9% (three month std-dev: 1.08%) daily (68% of days).

Sample size 22 Average positive next day return: 0.8%(64%) Average negative next day return: -0.62%(36%) Sample size 22 Average positive next three day return: 1.28%(59%) Average negative next three day return: -0.92%(41%) Sample size 22 Average positive next weekly return: 1.47%(50%) Average negative next weekly return: -1.05%(50%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20170625

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	May_25_2017	30.53	33.11	33.37	33.87	33.9	34.34	34.76(1.43%)	UT	OpenLong	75	1.4	72	90	59	109	2.11	54%	0.33	61.6	1.08%	0	2.6	68	INF
2	May_24_2017	30.43	32.97	33.18	33.38	33.43	33.93	34.27(0.73%)	UT	OpenLong	75	1.6	57	110	54	65	2.72	51%	0.3	38.8	1.08%	0	2.3	67	INF
3	May_23_2017	30.34	32.84	33.03	33.01	32.99	33.47	34.02(1.46%)	UT	OpenLong	75	2	39	100	42	28	3.14	51%	0.13	16.1	1.09%	0	2.3	65	INF
4	May_22_2017	30.3	32.74	32.92	32.85	32.99	32.92	33.53(2.29%)	UT	OpenLong	75	1.5	20	30	23	9	2.47	47%	0.26	6.6	1.08%	0	1.8	60	INF
5	May_19_2017	30.22	32.74	32.84	32.78	32.72	32.5	32.78(1.42%)	DP	OpenShort	-75	0	-6	-50	-5	-7	2.16	45%	0.27	25	1.06%	0	0.1	52	INF

6	May_18_2017	30.14	32.73	32.87	32.8	32.83	32.52	32.32(-0.22%)	DT	OpenShort	-75	-1.1	-26	-60	-32	-9	2.94	40%	0.23	45.3	1.06%	0	-1	48	INF
7	May_17_2017	30.07	32.75	32.92	32.93	32.98	32.95	32.39(-2.56%)	N/A	N/A	0	-1.3	-8	-0	-17	21	1.55	40%	0.23	71.1	1.07%	0	-0.9	60	INF
8	May_16_2017	30	32.76	32.97	33.04	33.03	33.15	33.24(0.27%)	UT	HoldLong	65	0.5	25	20	12	63	1.68	48%	0.1	87.8	1.01%	0	1.1	84	INF
9	May_15_2017	29.97	32.71	32.92	32.99	32.97	33.01	33.15(0.79%)	UT	HoldLong	65	0.3	25	10	9	73	1.41	48%	0.27	81	1.01%	0	0.9	76	INF
10	May_12_2017	29.89	32.62	32.87	32.93	32.97	32.91	32.89(-0.3%)	UD	OpenLong	65	-0.1	10	-10	-3	50	0.92	48%	0.23	80.4	1%	0	0.5	41	INF

11	May_11_2017	29.82	32.54	32.85	32.96	32.94	32.93	32.99(0.18%)	UT	OpenLong	75	0.1	13	-0	0	50	1.91	48%	0.27	70.2	1.01%	0	0.8	51	INF
12	May_10_2017	29.74	32.46	32.76	32.91	32.95	32.98	32.93(-0.21%)	UD	OpenLong	75	0	13	10	5	37	1.22	48%	0.24	66	1.01%	0	0.7	52	INF
13	May_9_2017	29.67	32.39	32.65	32.88	32.9	32.95	33(0.52%)	UT	OpenLong	75	0.2	10	10	6	23	1.43	48%	0.27	65.7	1.01%	0	0.9	56	INF
14	May_8_2017	29.59	32.31	32.54	32.84	32.82	32.92	32.83(-0.64%)	UD	OpenLong	75	-0	8	20	6	15	1.47	48%	0.24	64.3	1.02%	0	0.8	58	INF
15	May_5_2017	29.52	32.23	32.59	32.81	32.78	32.85	33.04(0.85%)	UT	OpenLong	75	0.3	23	10	13	51	1.3	48%	0.27	60.8	1%	0	1.2	67	INF

16	May_4_2017	29.44	32.13	32.59	32.72	32.73	32.73	32.76(0%)	UT	HoldLong	50	0.1	28	0	13	72	1.22	48%	0.27	55.7	1.01%	0	0.9	68	INF
17	May_3_2017	29.36	32.04	32.57	32.57	32.61	32.72	32.76(-0.09%)	UD	OpenLong	75	0.3	33	30	16	83	1.62	48%	0.24	44.2	1.02%	0	1	65	INF
18	May_2_2017	29.29	31.96	32.53	32.37	32.44	32.74	32.79(0.24%)	UT	OpenLong	75	0.6	42	70	28	85	2.02	73%	0.24	35.3	1.02%	0	1.1	63	INF
19	May_1_2017	29.22	31.87	32.47	32.2	32.21	32.51	32.71(0.43%)	UT	OpenLong	75	0.7	18	70	9	44	2.59	73%	0.24	26.2	1.81%	0	1.2	63	INF
20	Apr_28_2017	29.15	31.81	32.35	32.35	31.98	32.13	32.57(1.65%)	UT	OpenLong	75	0.3	13	-0	-0	53	3.03	73%	0.24	31.8	1.8%	0	1.1	64	INF

21	Apr_27_2017	29.08	31.74	32.21	32.42	32.23	31.9	32.04(0.91%)	UD	OpenLong	65	-0.6	9	-90	-6	55	1.86	73%	0.21	33.2	1.8%	0	0.4	61	INF
22	Apr_26_2017	29.02	31.72	32.14	32.56	32.42	31.82	31.75(-0.56%)	N/A	N/A	0	-1.2	-6	-140	-28	61	3.44	70%	0.21	37.6	1.8%	0	0	62	INF
23	Apr_25_2017	28.96	31.7	32.13	32.7	32.62	32.55	31.93(-4.63%)	UD	OpenLong	65	-1.1	7	-20	-17	79	5.48	70%	0.24	43.1	1.81%	0	0.3	60	INF
24	Apr_24_2017	28.89	31.68	32.08	32.75	32.75	33.02	33.48(1.82%)	UT	HoldLong	65	1.1	52	60	32	111	3.89	87%	0.31	44	1.7%	0	2.6	80	INF
25	Apr_21_2017	28.8	31.58	31.84	32.33	32.36	32.69	32.88(0.34%)	UT	OpenLong	75	1	40	70	26	82	3.1	85%		32.2	1.7%	0	2.4	70	INF
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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