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     Fri. Apr. 16, 2021

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

(Cadence Design Systems Inc)

CDNS latest price $147.2600 (-0.27%) ($147.2600 - $147.9500) on Fri. Apr. 16, 2021.


Trend Analysis and Forecast
 
Average Daily Percentage Swing  2.62% (three month average)
RSI   76
Latest Price   $147.2600(-0.27%)
Stocks Behave Similarly  Similar Stock List
Daily Trend  CDNS advances 0.3% a day on average for past five trading days.
Weekly Trend  CDNS advances 3.9% a week on average for past two weeks.
Market Behavior  Value stock rally for large cap. Normal for small cap.
Correlated ETFs  Broad market will support CDNS advance at 0% a week (0% probability)
  IWF(73%)    IVW(72%)    QQQ(72%)    FIVG(68%)    SPY(67%)  
Factors Impacting CDNS price  CDNS will decline at least -1.31% in a week (0% probabilities).
  VIXM(-40%)    UUP(-21%)    VXX(-12%)    TBT(-8%)    IGOV(0%)  
Explanation   The rally is not sustainable and not supported by the broad market.
 
 
Relative Volatility   (options are extremely cheap)
 
Market Trend Strength  -1.31% (StdDev 2.62%)
Hourly BBV   0.6 ()
Intraday Trend   0%
  
 

  


Inflection Point  Yes
5 Day Moving Average  $146.08(0.81%)
10 Day Moving Average  $145.34(1.32%)
20 Day Moving Average  $138.54(6.29%)
To recent high  -0.3%
To recent low  23%
Market Cap  $41.055b
 
 
 
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 5.83% (three month std-dev: 2.62%) daily (68% of days).

Sample size 50   Average positive next day return: 2.29%(52%)   Average negative next day return: -2.46%(48%)
Sample size 50   Average positive next three day return: 3.96%(44%)   Average negative next three day return: -3.56%(56%)
Sample size 50   Average positive next weekly return: 4.45%(54%)   Average negative next weekly return: -4.91%(46%)

Analysis   News   Options   Weekly Chart   Daily Chart   2 Month Daily Chart   

  >  20210516

iDateema100ema20ema10 ema5 Slow 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
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BBV
BBVRSIVIXCD
1Apr_16_2021133.04138.54145.34146.08 146.42 147.55147.26(-0.27%)UDOpenLong750.1   54   60   38   103   0.78    57%0.1160.42.62%0.61.1761.8
2Apr_15_2021132.89137.4144.78145.69 145.76 146.07147.66(2.1%)UTHoldLong650.2   48   20   24   120   0.78    57%0.2754.42.64%0.31.2811.8
3Apr_14_2021132.53136.41143.76145.22 145.17 145.3144.63(-1.03%)UDOpenLong65-0.1   29   10   -3   125   1.29    57%0.27552.63%0.21761.4
4Apr_13_2021132.17135.66142.49144.82 145.38 145.45146.13(0.98%)UTHoldLong650.2   51   10   21   139   0.76    57%0.2756.82.63%0.31.3761.7
5Apr_12_2021131.81134.79141.24144.24 144.51 145.05144.71(-0.42%)UTHoldLong500.1   33   30   -2   138   0.68    57%0.2663.72.62%-0.91.3751.8
 
6Apr_9_2021131.47133.83139.95144.49 144.13 145.32145.32(0.01%)UTHoldLong650.1   63   50   28   166   0.98    57%0.2666.22.61%0.51.5781.5
7Apr_8_2021131.13133.01138.06143.72 144.28 143.97145.31(1.89%)UTHoldLong650.2   72   -0   39   170   0.89    57%0.28692.63%1.21.7791.5
8Apr_7_2021130.76132.06136.23142.07 143.32 142.94142.62(-0.45%)UDOpenLong750.1   36   10   1   141   0.65    60%0.2363.12.62%-11.6671.4
9Apr_6_2021130.46131.26134.77139.7 141.62 144.6143.26(-1.84%)UDOpenLong750.6   83   190   64   139   1.12    57%0.2345.42.7%0.32651.2
10Apr_5_2021130.16130.07133.2137.68 138.35 143.7145.94(3.17%)UTOpenLong751.4   145   290   143   150   1.23    57%0.3715.92.74%1.52.7691.3
 
11Apr_1_2021129.68129.03131.1134.77 135.15 138.63141.46(3.21%)UTOpenLong751.5   146   190   151   130   1.32    56%0.2-12.32.69%1.22.8701.3
12Mar_31_2021129.42128.32129.29131.62 132.64 132.99137.06(4.8%)UTOpenLong751.5   64   40   66   56   2.62    54%0.19-50.72.68%1.72.4581.2
13Mar_30_2021129.17128.09128.33129.59 129.99 131.67130.78(-1.79%)UDOpenLong750.3   5   100   2   13   1.46    51%0.1-61.12.62%0.20.6551.2
14Mar_29_2021129.04128.58128.2129.04 129.12 132.28133.17(1.35%)UTOpenLong750.7   85   170   96   50   1.5    51%0.06-40.92.61%1.30.8581
15Mar_26_2021128.96129.16127.75128 127.95 128.3131.39(4.54%)UTOpenLong750.5   58   20   63   42   1.88    51%0.06-33.32.58%2.20.4671.4
 
16Mar_25_2021128.88129.57127.16126.9 127.01 125.96125.68(-0.98%)DTOpenShort-75-0.2   -27   -60   -33   -8   1.73    49%0.03-36.22.54%-1-0.6501.1
17Mar_24_2021128.84130.18127.59126.56 127.22 127.61126.93(-0.87%)N/AN/A00.1   -1   40   -2   3   1.78    49%0.11-37.62.56%-0.9-0.5481
18Mar_23_2021128.7130.79127.63126.85 126.5 128.06128.05(0.08%)UTOpenLong750.2   18   80   22   4   1.04    49%0.15-38.42.55%0.3-0.4431.1
19Mar_22_2021128.51131.02127.56127.23 126.47 126.83127.95(1.66%)RBSmallLong200.1   18   0   28   -14   1.31    50%0.15-46.22.56%1-0.5361.9
20Mar_19_2021128.32131.3126.81127.51 127.05 124.94125.87(1.5%)DPOpenShort-75-0.2   -42   -130   -29   -80   1.42    50%0.12-522.54%-0.1-0.8311.6
 
21Mar_18_2021128.16131.99126.9127.48 127.58 126.11124(-3.4%)DTOpenShort-75-0.5   -85   -80   -73   -121   1.75    52%0.13-55.12.55%-1.2-1.2361.2
22Mar_17_2021127.99132.77127.39128.69 128.04 129.17128.36(-1.24%)DTOpenShort-75-0   -25   50   -1   -97   1.06    54%0.16-50.22.55%0.2-0.6422.1
23Mar_16_2021127.79133.42127.89128.47 128.41 129.05129.97(0.48%)N/AN/A00.2   18   30   53   -88   0.88    55%0.16-47.42.55%0.8-0.5421.9
24Mar_15_2021127.58134.18128.96127.95 127.73 126.91129.35(2.9%)DPOpenShort-750.2   -28   -50   -3   -102   1.24    55%0.14-44.12.56%0.2-0.7492.4
25Mar_12_2021127.4134.98130.57126.02 127.54 127.77125.7(-3.37%)DPOpenShort-65-0   -24   50   1   -99   1.44    55%-442.54%-1.2-1.2461.8
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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