| CDNS latest price $66.9500 (1.5%) ($0.0000 - $0.0000) on Wed. Oct. 30, 2019. |
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| Trend Analysis and Forecast |
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| Average Daily Percentage Swing | 2.02% (three month average) |
| RSI | 55 |
| Latest Price | $66.9500(1.5%) |
| Stocks Behave Similarly | Similar Stock List |
| Daily Trend | CDNS advances 1.1% a day on average for past five trading days. |
| Weekly Trend | CDNS declines -0.4% a week on average for past two weeks. |
| Market Behavior | Growth stock rally 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(79%) IVW(78%) QQQ(78%) VUG(75%) XLK(75%) |
| Factors Impacting CDNS price | CDNS will decline at least -1.01% in a week (0% probabilities).
VIXM(-51%) VXX(-22%) UUP(-9%) TLT(-5%) IGOV(-1%) |
| Explanation | The rally is not sustainable and not supported by the broad market. |
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| Relative Volatility | (options are extremely cheap) |
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| Market Trend Strength | -1.01% (StdDev 2.02%) |
| Hourly BBV | 0 () |