Trading Signals: CDNS Stock Price Prediction and Forecast

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Wed. Jul. 5, 2017

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

(Cadence Design Systems Inc)
CDNS latest price $33.2700 (0.6%) ($32.9700 - $33.3500) on Wed. Jul. 5, 2017.

Trend Analysis and Forecast

Average Daily Percentage Swing   1.13% (three month average)
RSI   33
Latest Price   $33.2700(0.6%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   CDNS declines -0.3% a day on average for past five trading days.
Weekly Trend   CDNS declines -1.1% a week on average for past two weeks.
Market Behavior   Rotation from value to growth for large cap. Value 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 -0.565% in a week (0% probabilities).
VIXM(-16%)    UUP(-16%)    TLT(-8%)    IPO(-2%)    IGOV(-2%)

Relative Volatility (options are extremely cheap)

Market Trend Strength   -0.565% (StdDev 1.13%)
Hourly BBV 0 ()
Intraday Trend 0.5%

1 - 5 Day Possible Target   $30.55(-8.18%)
Resistance Level   $34.13
5 Day Moving Average   $33.47(-0.6%)
10 Day Moving Average   $33.79(-1.54%)
20 Day Moving Average   $34.13(-2.52%)
To recent high   -6.3%
To recent low   7.8%
Market Cap   $9.275b

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 1.7% (three month std-dev: 1.13%) daily (68% of days).

Sample size 19 Average positive next day return: 0.52%(58%) Average negative next day return: -0.74%(42%) Sample size 19 Average positive next three day return: 1.45%(68%) Average negative next three day return: -0.82%(32%) Sample size 19 Average positive next weekly return: 2.69%(74%) Average negative next weekly return: -1.09%(26%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20170805

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	Jul_5_2017	32.61	34.13	33.79	33.47	33.41	33.24	33.27(0.6%)	DP	OpenShort	-75	-0.3	-30	-40	-18	-67	1.71	44%	0.18	-76.5	1.13%	0	-1.5	33	INF
2	Jul_3_2017	32.55	34.24	33.88	33.56	33.61	33.42	33.07(-1.25%)	DT	OpenShort	-75	-0.8	-35	-40	-24	-68	0.68	44%	0.12	-63.6	1.13%	0	-1.8	28	INF
3	Jun_30_2017	32.51	34.36	34	33.8	33.76	33.58	33.49(0.15%)	DP	OpenShort	-75	-0.5	-29	-40	-23	-48	1.21	46%	0.12	-51.7	1.11%	0	-1.4	37	INF
4	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	INF
5	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	INF

6	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	INF
7	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	INF
8	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	INF
9	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	INF
10	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	INF

11	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	INF
12	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	INF
13	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	INF
14	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	INF
15	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	INF

16	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	INF
17	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	INF
18	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	INF
19	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	INF
20	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	INF

21	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	INF
22	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	INF
23	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	INF
24	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	INF
25	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%		73.4	1.05%	0	1.9	74	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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