Trading Signals: CDNS Stock Price Prediction and Forecast

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Fri. Jan. 14, 2022

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

(Cadence Design Systems Inc)
CDNS latest price $161.5500 (-1.02%) ($161.5500 - $161.5500) on Fri. Jan. 14, 2022.

Trend Analysis and Forecast

Average Daily Percentage Swing   2.35% (three month average)
RSI   12
Latest Price   $161.5500(-1.02%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   CDNS declines -0.5% a day on average for past five trading days.
Weekly Trend   CDNS declines -6.3% a week on average for past two weeks.
Market Behavior   Normal for large cap. Value stock 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(68%)    SPY(68%)
Factors Impacting CDNS price   CDNS will decline at least -1.175% in a week (0% probabilities).
VIXM(-38%)    UUP(-23%)    TBT(-9%)    VXX(-8%)    USO(3%)

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.175% (StdDev 2.35%)
Hourly BBV -1.1 ()
Intraday Trend 0%

Resistance Level   $177.7
5 Day Moving Average   $166.01(-2.69%)
10 Day Moving Average   $169.99(-4.96%)
20 Day Moving Average   $177.7(-9.09%)
To recent high   -15.8%
To recent low   3.7%
Market Cap   $45.039b

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 5.41% (three month std-dev: 2.35%) daily (68% of days).

Sample size 50 Average positive next day return: 3.79%(40%) Average negative next day return: -3.65%(60%) Sample size 50 Average positive next three day return: 4.43%(50%) Average negative next three day return: -4.37%(50%) Sample size 50 Average positive next weekly return: 6.66%(48%) Average negative next weekly return: -6.65%(52%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20220214

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	Jan_14_2022	171.09	177.7	169.99	166.01	165.78	162.35	161.55(-1.02%)	DT	HoldShort	-65	-0.5	-136	-150	-112	-206	1.14	54%	0.01	-43.4	2.35%	-1.1	-1.7	12	0.3
2	Jan_13_2022	171.07	178.7	172.41	166.89	166.83	166.75	163.22(-4.18%)	DT	HoldShort	-65	-0.4	-100	-0	-71	-186	1.45	55%	0.02	-45.1	2.36%	-2.3	-1.8	21	0.3
3	Jan_12_2022	171.03	179.81	174.87	168.79	167.53	169.22	170.35(0.65%)	DP	OpenShort	-65	0.2	-3	50	40	-130	0.85	58%	0.08	-43.6	2.31%	0.8	-1.2	29	1
4	Jan_11_2022	170.9	180.16	176.75	169.32	168.12	166.91	169.25(2.15%)	DP	OpenShort	-75	-0	-36	-70	-2	-136	1.23	58%	0.06	-47	2.31%	1.1	-1.4	34	0.8
5	Jan_10_2022	170.79	180.97	178.81	171.19	169.34	165.83	165.69(-0.14%)	DT	OpenShort	-75	-0.7	-146	-180	-140	-163	1.64	58%	0.05	-39.1	2.3%	-0.9	-2	40	1

6	Jan_7_2022	170.7	181.97	181.46	174.68	172.88	169.33	165.93(-3.94%)	DT	OpenShort	-75	-1.3	-148	-170	-155	-128	1.59	57%	0.08	-26	2.31%	-1.6	-2.4	38	0.7
7	Jan_6_2022	170.57	182.77	183.8	178.76	177.45	172.86	172.73(-0.14%)	DT	OpenShort	-75	-1.1	-125	-200	-139	-82	1.1	60%	0.15	-14.7	2.26%	-0.8	-1.8	44	0.7
8	Jan_5_2022	170.31	183.4	185.27	181.84	180.84	176.43	172.98(-3.14%)	DT	OpenShort	-75	-1.8	-161	-190	-190	-75	1.14	61%	0.14	8.9	2.26%	-1.8	-2.1	39	0.9
9	Jan_4_2022	170.07	183.4	186.45	185.24	184.6	182.04	178.6(-2.5%)	DT	OpenShort	-75	-1.5	-90	-110	-117	-8	1.22	61%	0.16	37.4	2.22%	-1.1	-1.2	57	1.4
10	Jan_3_2022	169.79	183.93	186.51	187.57	187.13	185.25	183.18(-1.67%)	N/A	N/A	0	-1	-50	-80	-73	20	1.1	62%	0.18	42.6	2.25%	-1.3	-0.2	50	1.4

11	Dec_31_2021	169.48	183.7	186.2	189.28	188.79	187.16	186.29(-0.98%)	CR	SmallShort	-20	-0.6	-38	-70	-61	33	1.09	63%	0.21	51	2.25%	-0.8	0.6	53	1.3
12	Dec_30_2021	169.13	183.59	185.61	189.61	190.17	189.01	188.14(-0.98%)	N/A	N/A	0	-0.3	-10	-30	-30	50	1.1	63%	0.23	55.8	2.25%	-1.1	1	59	1.4
13	Dec_29_2021	168.74	182.95	185.18	189.23	190.19	190.43	190(-0.11%)	UT	HoldLong	50	0.2	14	20	-1	59	0.95	63%	0.25	45.8	2.25%	-0.5	1.5	55	1.4
14	Dec_28_2021	168.32	182.31	183.8	187.84	189.27	191.32	190.22(-0.81%)	UD	OpenLong	75	0.5	73	100	74	71	0.81	60%	0.24	31.9	2.25%	0.4	1.7	57	1.4
15	Dec_27_2021	167.91	182.06	183.14	185.25	186.93	189.94	191.76(2.05%)	UT	OpenLong	75	1.5	107	140	117	76	0.73	58%	0.35	16.2	2.3%	1.6	2.2	63	1.3

16	Dec_23_2021	167.33	181.36	182.26	182.69	183.39	187.22	187.91(0.89%)	UT	OpenLong	75	1.4	97	160	109	61	0.57	58%	0.23	-8.6	2.31%	1.1	1.7	60	1.4
17	Dec_22_2021	166.95	181.06	181.41	181.07	181.1	183.92	186.26(1.75%)	UT	OpenLong	75	1.5	98	110	116	45	0.52	58%	0.22	-28.4	2.33%	1.3	1.5	51	1.3
18	Dec_21_2021	166.58	180.79	181.12	180.64	179.48	179.56	183.05(3.27%)	UT	OpenLong	75	0.7	24	-20	26	17	0.98	58%	0.22	-41.5	2.32%	1.8	0.7	58	0.9
19	Dec_20_2021	166.21	180.84	181.01	179.2	180.13	178.28	177.26(-0.94%)	DT	OpenShort	-75	-0.6	-23	-60	-28	-9	0.78	56%	0.18	-49.7	2.29%	-1	-1.1	52	0.5
20	Dec_17_2021	165.91	181.35	181.1	180.66	179.88	179.4	178.95(-0.5%)	DT	OpenShort	-75	-0.5	-67	-30	-79	-30	1.57	54%	0.21	-28.1	2.3%	-0	-0.7	45	0.8

21	Dec_16_2021	165.57	181.69	181.05	181.71	181.28	181.97	179.85(-2.29%)	UD	OpenLong	75	-0.5	20	20	21	18	1.07	54%	0.22	-9.4	2.32%	0.5	-0.5	52	0.8
22	Dec_15_2021	165.21	182.06	181.5	181.7	182.36	180.36	184.07(4.66%)	UT	OpenLong	75	0.6	11	-70	9	15	1.31	55%	0.25	2.8	2.3%	0.8	0.5	51	1
23	Dec_14_2021	164.8	182.17	180.64	181.73	181.29	180.58	175.88(-4.69%)	DT	OpenShort	-75	-1.5	-96	-30	-114	-41	2	53%	0.19	8.2	2.23%	-0.9	-1.6	47	0.8
24	Dec_13_2021	164.48	182.54	180.87	183.02	182.99	184.37	184.54(0.18%)	UT	OpenLong	75	0.4	60	50	69	33	1.02	55%	0.24	22.5	2.15%	1.5	0.5	50	0.8
25	Dec_10_2021	164.09	182.37	180.97	181.57	182.53	181.99	184.2(2.43%)	UT	OpenLong	75	0.7	34	-0	43	8	0.91	55%		15.8	2.16%	0.3	0.5	47	0.9
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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