Trading Signals: CDNS Stock Price Prediction and Forecast

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Thu. Jun. 29, 2017

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

(Cadence Design Systems Inc)
CDNS latest price $33.4400 (-1.91%) ($33.0300 - $34.0800) on Thu. Jun. 29, 2017.

Trend Analysis and Forecast

Average Daily Percentage Swing   1.11% (three month average)
RSI   30
Latest Price   $33.4400(-1.91%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   CDNS declines -0.5% a day on average for past five trading days.
Weekly Trend   CDNS declines -0.6% a week on average for past two weeks.
Market Behavior   Broad based sell-off for large cap. Growth stock sell-off 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 -0.555% in a week (0% probabilities).
VIXM(-16%)    UUP(-16%)    TLT(-8%)    IPO(-2%)    IGOV(-2%)

Relative Volatility (options are extremely cheap)

Market Trend Strength   -0.555% (StdDev 1.11%)
Hourly BBV 0 ()
Intraday Trend -1.5%

1 - 5 Day Possible Target   $31.06(-7.12%)
Resistance Level   $34.45
5 Day Moving Average   $33.96(-1.53%)
10 Day Moving Average   $34.08(-1.88%)
20 Day Moving Average   $34.45(-2.93%)
To recent high   -5.9%
To recent low   8.4%
Market Cap   $9.323b

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 1.68% (three month std-dev: 1.11%) daily (68% of days).

Sample size 30 Average positive next day return: 1.05%(50%) Average negative next day return: -0.89%(50%) Sample size 30 Average positive next three day return: 1.6%(67%) Average negative next three day return: -1.67%(33%) Sample size 30 Average positive next weekly return: 2.14%(60%) Average negative next weekly return: -1.5%(40%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20170729

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	Jun_29_2017	32.47	34.45	34.08	33.96	33.96	33.79	33.44(-1.91%)	DT	OpenShort	-75	-0.9	-25	-40	-20	-41	1.34	46%	0.12	-44	1.11%	0	-1.7	30	0
2	Jun_28_2017	32.43	34.53	34.15	34.12	34.13	33.95	34.09(1.19%)	DP	OpenShort	-75	-0.1	-21	-40	-13	-43	1.14	49%	0.15	-33.3	1.09%	0	-0.8	27	0
3	Jun_27_2017	32.38	34.58	34.18	34.16	34.21	34.14	33.69(-1.78%)	DT	HoldShort	-65	-0.9	-25	-10	-14	-56	1.06	47%	0.12	-23.5	1.09%	0	-1.7	21	0
4	Jun_26_2017	32.34	34.65	34.25	34.24	34.28	34.32	34.3(0.12%)	DP	OpenShort	-65	0.1	-13	10	3	-59	1.08	51%	0.15	-8.3	1.06%	0	-0.7	25	0
5	Jun_23_2017	32.29	34.68	34.24	34.23	34.26	34.29	34.26(-0.06%)	DP	OpenShort	-65	0.1	-18	10	3	-80	2.1	51%	0.19	11.1	1.06%	0	-0.8	23	0

6	Jun_22_2017	32.23	34.68	34.29	34.22	34.25	34.25	34.28(0.03%)	DP	OpenShort	-65	0.1	-21	0	3	-91	1.12	51%	0.28	32.6	1.06%	0	-0.9	31	0
7	Jun_21_2017	32.14	34.68	34.39	34.19	34.22	34.24	34.27(0.53%)	DP	OpenShort	-75	0.2	-22	10	-0	-89	1.96	51%	0.25	48.9	1.07%	0	-0.9	39	0
8	Jun_20_2017	32.06	34.71	34.49	34.2	34.18	34.26	34.09(-0.5%)	DT	OpenShort	-75	-0.2	-23	10	-2	-86	1.52	51%	0.25	56.9	1.08%	0	-1.2	33	0
9	Jun_19_2017	31.98	34.69	34.62	34.27	34.21	34.2	34.26(0.23%)	DP	OpenShort	-65	-0	-15	-10	4	-73	2.86	51%	0.25	58.5	1.08%	0	-0.8	40	0
10	Jun_16_2017	31.9	34.63	34.74	34.26	34.27	34.1	34.18(0.09%)	DP	OpenShort	-75	-0.1	-27	-30	-12	-73	2.41	51%	0.28	46.2	1.08%	0	-0.7	39	0

11	Jun_15_2017	31.81	34.55	34.85	34.37	34.28	34.23	34.15(-0.55%)	DT	OpenShort	-75	-0.3	-40	-20	-31	-65	1.19	51%	0.25	38.2	1.08%	0	-0.5	42	0
12	Jun_14_2017	31.73	34.48	34.94	34.63	34.53	34.44	34.34(-0.17%)	DT	OpenShort	-75	-0.3	-16	-30	-13	-26	1.25	51%	0.25	39.2	1.08%	0	-0.1	55	0
13	Jun_13_2017	31.65	34.43	35.03	34.83	34.78	34.34	34.4(0.5%)	N/A	N/A	0	-0.4	-22	-90	-29	1	2.16	51%	0.29	45.2	1.08%	0	-0	60	0
14	Jun_12_2017	31.56	34.37	35.09	35.03	35.01	34.61	34.23(-1.41%)	CR	SmallShort	-20	-0.8	-31	-80	-51	31	3.39	51%	0.25	51	1.08%	0	-0.1	64	0
15	Jun_9_2017	31.48	34.31	35.17	35.29	35.32	35.22	34.72(-2.03%)	UD	OpenLong	65	-0.5	13	-20	-17	103	1.38	54%	0.29	55.6	1.06%	0	0.4	78	0

16	Jun_8_2017	31.39	34.23	35.19	35.4	35.42	35.4	35.44(0.25%)	UT	HoldLong	65	0	45	-0	5	166	1.08	60%	0.32	58.6	1.03%	0	1.1	93	0
17	Jun_7_2017	31.29	34.1	35.08	35.31	35.37	35.42	35.35(-0.17%)	UT	HoldLong	50	0	51	10	4	191	1.75	60%	0.32	57.9	1.03%	0	1.1	90	0
18	Jun_6_2017	31.19	33.98	34.95	35.26	35.28	35.44	35.41(-0.31%)	UD	OpenLong	75	0.1	62	30	13	209	1.36	60%	0.13	59.4	1.03%	0	1.3	72	0
19	Jun_5_2017	31.15	33.85	34.77	35.17	35.2	35.32	35.52(0.71%)	UT	OpenLong	75	0.3	69	30	20	214	1.28	60%	0.32	59.7	1.03%	0	1.6	74	0
20	Jun_2_2017	31.05	33.72	34.51	35.05	35.06	35.13	35.27(0.83%)	UT	OpenLong	75	0.2	58	10	10	202	1.87	60%	0.29	63.6	1.03%	0	1.6	75	0

21	Jun_1_2017	30.96	33.59	34.22	34.95	34.98	35.08	34.98(-0.46%)	UD	OpenLong	75	0	59	20	15	189	2.59	60%	0.32	67.9	1.03%	0	1.5	72	0
22	May_31_2017	30.86	33.48	33.97	34.81	34.86	35	35.14(0.6%)	UT	OpenLong	75	0.4	62	30	25	172	4.86	60%	0.29	73.4	1.05%	0	1.9	74	0
23	May_30_2017	30.77	33.35	33.77	34.58	34.61	34.89	34.93(0%)	UT	HoldLong	50	0.4	64	60	32	161	1.55	60%	0.49	78.3	1.05%	0	2	72	0
24	May_26_2017	30.62	33.24	33.59	34.3	34.32	34.72	34.93(0.49%)	UT	OpenLong	75	0.9	77	80	53	147	2.23	54%	0.29	72.9	1.08%	0	2.4	73	0
25	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%		61.6	1.08%	0	2.6	68	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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