Trading Signals: CDNS Stock Price Prediction and Forecast

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Fri. Sep. 25, 2020

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

(Cadence Design Systems Inc)
CDNS latest price $103.6000 (1.43%) ($100.8800 - $104.1300) on Fri. Sep. 25, 2020.

Trend Analysis and Forecast

Average Daily Percentage Swing   2.04% (three month average)
RSI   46
Latest Price   $103.6000(1.43%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   CDNS advances 0.8% 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   Broad based rally for large cap. Broad based rally for small cap.
Correlated ETFs   Broad market will support CDNS advance at 0% a week (0% probability)
IWF(73%)    QQQ(73%)    IVW(72%)    FIVG(67%)    SKYY(67%)
Factors Impacting CDNS price   CDNS will decline at least -1.02% in a week (0% probabilities).
VIXM(-40%)    UUP(-22%)    VXX(-14%)    TBT(-10%)    EDOC(-5%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.02% (StdDev 2.04%)
Hourly BBV 1.8 ()
Intraday Trend 0%

1 - 5 Day Possible Target   $95.67(-7.65%)
Inflection Point   Yes
Resistance Level   $104.67
5 Day Moving Average   $102.09(1.48%)
10 Day Moving Average   $102.2(1.37%)
20 Day Moving Average   $104.67(-1.02%)
To recent high   -11.6%
To recent low   11.9%
Market Cap   $28.883b

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 4.55% (three month std-dev: 2.04%) daily (68% of days).

Sample size 10 Average positive next day return: 1.95%(60%) Average negative next day return: -0.55%(40%) Sample size 10 Average positive next three day return: 3.06%(50%) Average negative next three day return: -4.34%(50%) Sample size 10 Average positive next weekly return: 5.68%(50%) Average negative next weekly return: -5.96%(50%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20201025

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	Sep_25_2020	99.19	104.67	102.2	102.09	101.83	102.26	103.6(1.43%)	UT	OpenLong	75	0.3	38	20	48	9	2.41	45%	0.23	-45.3	2.04%	1.8	-0.2	46	0.6
2	Sep_24_2020	98.96	104.94	101.99	101.32	101.3	100.93	102.14(2.4%)	DP	OpenShort	-75	0.2	-14	-30	-5	-42	1.68	45%	0.21	-50.9	2.03%	0.6	-0.6	41	0.3
3	Sep_23_2020	98.75	105.44	102	101.12	100.94	101.41	99.75(-3.06%)	DT	OpenShort	-75	-0.3	-31	30	-13	-86	1.06	43%	0.21	-47	2.05%	-1.6	-1.1	28	0.1
4	Sep_22_2020	98.54	106.02	102.46	101.67	101.02	101.67	102.89(0.82%)	DP	OpenShort	-65	0.2	-7	30	21	-90	1.42	46%	0.26	-43.3	2.01%	1.6	-0.6	36	0.7
5	Sep_21_2020	98.28	106.44	102.22	102.14	101.26	100.48	102.05(2.3%)	DP	OpenShort	-75	-0	-43	-80	-15	-125	2.09	46%	0.28	-39.2	2.03%	1.6	-0.9	40	0.8

6	Sep_18_2020	98.01	106.87	102.57	102.37	102.33	100.37	99.76(-1.38%)	DT	OpenShort	-75	-0.5	-80	-140	-56	-152	3.41	43%	0.18	-36.5	2.03%	-0.8	-1.4	37	1.1
7	Sep_17_2020	97.83	107.47	103.39	102.74	103.11	102.05	101.16(-1.28%)	DT	OpenShort	-75	-0.3	-85	-60	-62	-155	2.49	43%	0.2	-34.2	2.02%	-1.1	-1.3	41	1.1
8	Sep_16_2020	97.63	107.87	104.88	102.95	103.39	104.3	102.47(-2.64%)	DT	HoldShort	-50	-0.1	-29	70	1	-117	1.07	43%	0.26	-33.8	2.02%	-1.3	-1.2	38	0.7
9	Sep_15_2020	97.38	108.23	105.97	103.32	103.28	104.17	105.25(1.95%)	N/A	N/A	0	0.4	22	60	58	-85	1.07	46%	0.25	-29.1	1.99%	1	-0.7	43	0.6
10	Sep_14_2020	97.14	108.46	106.51	102.35	102.91	102.48	103.23(1.6%)	DP	OpenShort	-65	0.2	-26	-10	6	-122	1.45	46%	0.24	-33.6	1.99%	0.3	-1.2	40	0.6

11	Sep_11_2020	96.91	108.73	107.28	102.88	102.29	102.39	101.6(-0.61%)	DT	OpenShort	-75	-0.3	-73	-10	-51	-139	1.17	41%	0.24	-32.5	1.98%	-1.5	-1.7	39	0.3
12	Sep_10_2020	96.68	109.12	108.11	104.18	103.23	103.34	102.23(-2%)	DT	OpenShort	-75	-0.5	-45	-20	-23	-109	1.28	41%	0.24	-28.7	2.09%	-0.7	-1.8	39	-0.6
13	Sep_9_2020	96.45	109.43	109.18	107.16	104.9	102.19	104.31(3.93%)	DP	OpenShort	-75	-0.8	-85	-240	-85	-85	1.49	41%	0.31	-10.8	2.08%	0.8	-1.5	46	-0.4
14	Sep_8_2020	96.15	109.52	109.92	109.09	108.06	103.11	100.37(-5.2%)	DT	OpenShort	-75	-2.6	-155	-350	-177	-90	2.11	37%	0.42	-0.6	2.02%	-1.4	-2.7	40	-1.2
15	Sep_4_2020	95.75	109.92	111.11	111.23	111.2	107.61	105.88(-2.04%)	DT	OpenShort	-75	-2	-144	-230	-174	-52	2.25	41%	0.29	13.9	1.89%	-0.8	-1.5	46	-1.6

16	Sep_3_2020	95.47	110.09	111.66	112.23	112.58	113.01	108.09(-7.73%)	CR	SmallShort	-20	-1.6	-36	40	-54	20	2.55	43%	0.35	24.7	1.89%	-1.9	-0.8	53	-3.2
17	Sep_2_2020	95.14	110.21	112.02	112.48	112.85	114.79	117.14(2.77%)	UT	OpenLong	75	1.9	118	130	120	111	1.79	52%	0.43	33.3	1.61%	1.9	2.8	71	-1.3
18	Sep_1_2020	94.73	109.8	111.14	111.58	111.34	112.15	113.99(2.64%)	UT	OpenLong	75	1.2	54	40	48	71	1.54	48%	0.46	38.8	1.58%	1.9	2.1	69	-1
19	Aug_31_2020	94.3	109.54	110.64	111.03	111.21	110.91	111.05(0.16%)	UT	OpenLong	75	0	24	-10	11	61	1.6	43%	0.18	47.5	1.55%	0.7	0.9	70	-0.6
20	Aug_28_2020	94.13	109.55	110.49	111.07	111.26	110.53	110.87(1.37%)	N/A	N/A	0	-0.1	-13	-40	-34	50	1.04	43%	0.43	66.7	1.61%	-0.4	0.8	61	0.5

21	Aug_27_2020	93.73	109.46	110.22	111.02	111.46	111.51	109.37(-2.89%)	N/A	N/A	0	-0.9	-1	20	-19	54	2	43%	0.41	83.1	1.65%	-1.6	-0.1	53	0.5
22	Aug_26_2020	93.35	109.38	110.17	111.4	111.49	111.99	112.63(1.27%)	UT	OpenLong	75	0.6	48	30	37	81	1.22	48%	0.48	94.3	1.6%	1	1.7	54	1
23	Aug_25_2020	92.9	109.05	109.63	110.59	110.95	111.42	111.22(-0.05%)	UD	OpenLong	75	0.3	38	40	31	57	1.3	48%	0.45	83.8	1.61%	0.2	1.1	53	1.3
24	Aug_24_2020	92.48	108.7	109.04	110.18	110.26	110.99	111.28(0.61%)	UT	OpenLong	75	0.5	32	50	30	37	1.09	48%	0.53	77.5	1.62%	0.6	1.2	55	1.3
25	Aug_21_2020	91.99	108.41	108.62	109.82	109.7	110.48	110.61(-0.59%)	UD	OpenLong	75	0.3	35	50	40	20	1.44	48%		68.4	1.62%	0.9	0.9	46	1.4
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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