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     Thu. Oct. 22, 2020

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

(Cadence Design Systems Inc)

CDNS latest price $109.3000 (-1.74%) ($108.7500 - $112.0600) on Thu. Oct. 22, 2020.


Trend Analysis and Forecast
 
Average Daily Percentage Swing  2.1% (three month average)
RSI   63
Latest Price   $109.3000(-1.74%)
Stocks Behave Similarly  Similar Stock List
Daily Trend  CDNS declines -1.2% a day on average for past five trading days.
Weekly Trend  CDNS advances 2% a week on average for past two weeks.
Market Behavior  Value stock 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%)    IVW(72%)    QQQ(72%)    FIVG(67%)    SKYY(67%)  
Factors Impacting CDNS price  CDNS will decline at least -1.05% in a week (0% probabilities).
  VIXM(-39%)    UUP(-21%)    VXX(-13%)    TBT(-11%)    EDOC(-6%)  
 
 
Relative Volatility   (options are extremely cheap)
 
Market Trend Strength  -1.05% (StdDev 2.1%)
Hourly BBV   -1.4 ()
Intraday Trend   0%
  
 

  


Resistance Level  $110.48
5 Day Moving Average  $112.48(-2.83%)
10 Day Moving Average  $113.87(-4.01%)
20 Day Moving Average  $110.48(-1.07%)
To recent high  -6.7%
To recent low  9.6%
Market Cap  $30.472b
 
 
 
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 4.07% (three month std-dev: 2.1%) daily (68% of days).

Sample size 6   Average positive next day return: 1.5%(50%)   Average negative next day return: -2.52%(50%)
Sample size 6   Average positive next three day return: 1.96%(33%)   Average negative next three day return: -5.28%(67%)
Sample size 6   Average positive next weekly return: 3.04%(50%)   Average negative next weekly return: -8.14%(50%)

Analysis   News   Options   Weekly Chart   Daily Chart   2 Month Daily Chart   

  >  20201122

iDateema100ema20ema10 ema5 Slow Hourly
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Fast Hourly
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ClosePatternTradePSMA5
BBV
 WTF lsma10
Trend
ema5
Trend
ema10
Trend
Volume
millions
Quarterly
Strength
100
Daily
Trend
Daily
Trend
Force
Daily
StdDev
Hourly
BBV
BBVRSIVIXCD
1Oct_22_2020103.79110.48113.87112.48 112.34 110.88109.3(-1.74%)N/AN/A0-0.7   -48   -90   -74   29   1.65    51%0.1660.92.1%-1.4-0.3631.2
2Oct_21_2020103.62110.17113.97113.81 113.84 112.61111.24(-1.23%)N/AN/A0-0.5   -23   -70   -51   61   1.43    51%0.1864.12.09%-1.20.2570.9
3Oct_20_2020103.43109.64113.78114.97 114.77 113.8112.63(-0.84%)N/AN/A0-0.5   -16   -60   -50   85   2.16    53%0.266.72.09%-1.60.6630.6
4Oct_19_2020103.22109.17113.17115.8 115.69 115.06113.59(-1.78%)UDOpenLong65-0.4   6   -40   -28   107   1.59    53%0.2168.52.12%-30.8660.7
5Oct_16_2020103108.6112.6116.19 116.29 115.73115.64(-0.28%)UDOpenLong65-0.1   29   -30   -5   132   1.17    53%0.27682.12%-0.21.3721.4
 
6Oct_15_2020102.72107.81111.6115.44 116.11 116.31115.97(-0.88%)UDOpenLong750.1   44   30   13   135   1.46    53%0.364.32.12%-0.71.5751.6
7Oct_14_2020102.41107.06110.84114.12 115.08 116.84117.01(0.19%)UTHoldLong650.6   88   130   65   157   1.64    53%0.3160.12.11%0.82792
8Oct_13_2020102.09106.29109.77112.41 113.09 115.91116.79(1.07%)UTHoldLong651   127   190   112   170   1.25    51%0.1555.42.11%1.22.3812.1
9Oct_12_2020101.94105.66108.62110.16 110.9 113.31115.55(3.25%)UTOpenLong751.4   124   170   116   146   1.44    51%0.354.52.15%1.42.6702.7
10Oct_9_2020101.64104.99107.53108.54 108.63 110.27111.91(2.35%)UTOpenLong751.1   81   110   70   115   1.02    49%0.27482.11%1.32.2682.6
 
11Oct_8_2020101.37104.45106.68107.21 107.55 108.48109.34(0.81%)UTOpenLong750.8   61   70   48   98   0.66    47%0.2231.52.11%1.21.8691.7
12Oct_7_2020101.15104.08105.98107.09 106.69 107108.46(2.76%)UTOpenLong750.5   29   10   10   85   1.12    47%0.2372.11%2.11.7641
13Oct_6_2020100.92103.84105.13106.73 106.86 106.61105.55(-1.77%)UDOpenLong75-0.5   21   -10   3   73   1.13    45%0.23-14.42.08%-1.10.7560.3
14Oct_5_2020100.69103.59104.88106.78 107 106.39107.45(2.07%)UTHoldLong500.3   10   -30   -9   65   0.96    45%0.26-33.22.07%0.21.6530.6
15Oct_2_2020100.43103.48104.34106.33 106.72 107.1105.27(-3.15%)UDOpenLong65-0.4   9   40   -7   57   1.32    43%0.23-502.08%-1.30.8540.4
 
16Oct_1_2020100.2103.58103.82106 106.54 107.61108.7(1.91%)UTOpenLong751.1   68   90   64   79   1.84    45%0.29-52.42.03%1.32630.8
17Sep_30_202099.91103.91103.03104.69 105.16 106.35106.66(0.81%)UTOpenLong750.5   53   90   54   51   1.8    45%0.26-40.22.03%0.50.7590.8
18Sep_29_202099.65104.2102.57103.3 103.87 105.48105.8(0.54%)UTOpenLong750.6   54   130   63   28   1.17    45%0.23-41.32.04%0.80.4520.9
19Sep_28_202099.42104.42102.44102.72 102.45 103.98105.23(1.57%)UTOpenLong750.6   50   100   57   29   1.43    45%0.23-43.22.04%1.30.2590.7
20Sep_25_202099.19104.67102.2102.09 101.83 102.26103.6(1.43%)UTOpenLong750.3   38   20   48   9   2.41    45%0.23-45.32.04%1.8-0.2460.6
 
21Sep_24_202098.96104.94101.99101.32 101.3 100.93102.14(2.4%)DPOpenShort-750.2   -14   -30   -5   -42   1.68    45%0.21-50.92.03%0.6-0.6410.3
22Sep_23_202098.75105.44102101.12 100.94 101.4199.75(-3.06%)DTOpenShort-75-0.3   -31   30   -13   -86   1.06    43%0.21-472.05%-1.6-1.1280.1
23Sep_22_202098.54106.02102.46101.67 101.02 101.67102.89(0.82%)DPOpenShort-650.2   -7   30   21   -90   1.42    46%0.26-43.32.01%1.6-0.6360.7
24Sep_21_202098.28106.44102.22102.14 101.26 100.48102.05(2.3%)DPOpenShort-75-0   -43   -80   -15   -125   2.09    46%0.28-39.22.03%1.6-0.9400.8
25Sep_18_202098.01106.87102.57102.37 102.33 100.3799.76(-1.38%)DTOpenShort-75-0.5   -80   -140   -56   -152   3.41    43%-36.52.03%-0.8-1.4371.1
iDateema100ema20ema10 ema5 Slow Hourly
Trend
Fast Hourly
Trend
ClosePatternTradePSMA5
BBV
 WTF lsma10
Trend
ema5
Trend
ema10
Trend
Volume
millions
Quarterly
Strength
100
Daily
Trend
Daily
Trend
Force
Daily
StdDev
Hourly
BBV
BBVRSIVIXCD
Click to see actual return for next trading day.
 
 
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