COGNIZANT TECHNOLOGY SOLUTIONS

- USD (-)

- 15 min delayed data - NASDAQ Stocks

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Type:	Stocks
Ticker:	CTSH
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COGNIZANT TECHNOLOGY SOLUTIONS - Daily - Technical analysis published on 07/03/2019 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Slightly bearish

Technical indicators

67%

11%

22%

My opinion

Bullish above 63.06 USD

My targets

66.52 USD (+3.36%)

69.87 USD (+8.56%)

My analysis

The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for COGNIZANT TECHNOLOGY SOLUTIONS as long as the price remains well above 63.06 USD. The buyers” bullish objective is set at 66.52 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 69.87 USD. If there is any crossing, the next objective would be the resistance located at 74.53 USD. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 66.52 USD. On this resistance, against the trend traders who would like to go short on COGNIZANT TECHNOLOGY SOLUTIONS with a bearish signal from their trading strategy, should not hesitate to act.

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The COGNIZANT TECHNOLOGY SOLUTIONS price is 64.36 USD. On the day, this instrument gained +0.12% with the lowest point at 63.60 USD and the highest point at 64.55 USD. The deviation from the price is +1.19% for the low point and -0.29% for the high point.

63.60

64.55

64.36

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

The Central Volumes scanner detects abnormal volumes on the asset:

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of this Daily chart of COGNIZANT TECHNOLOGY SOLUTIONS indicates that the overall trend is slightly bearish. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages indicate that this slightly bearish trend could quickly be reversed. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Daily

In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near resistance of channel

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	55.54	59.67	63.06	64.36	66.52	69.87	74.53
Change (%)	-13.70%	-7.29%	-2.02%	-	+3.36%	+8.56%	+15.80%
Change	-8.82	-4.69	-1.30	-	+2.16	+5.51	+10.17
Level	Intermediate	Major	Intermediate	-	Minor	Major	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	62.34	63.09	63.69	64.44	65.04	65.79	66.39
Camarilla	63.91	64.03	64.16	64.28	64.40	64.53	64.65
Woodie	62.26	63.05	63.60	64.40	64.96	65.75	66.31
Fibonacci	63.09	63.61	63.93	64.44	64.96	65.28	65.79

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	61.19	62.06	62.73	63.60	64.27	65.14	65.81
Camarilla	62.97	63.11	63.25	63.39	63.53	63.67	63.81
Woodie	61.08	62.01	62.62	63.55	64.16	65.09	65.70
Fibonacci	62.06	62.65	63.02	63.60	64.19	64.56	65.14

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	56.89
MACD (12,26,9):	0.2700
Directional Movement:	3.08
AROON (14):	78.57
DEMA (21):	63.41
Parabolic SAR (0,02-0,02-0,2):	62.99
Elder Ray (13):	0.64
Super Trend (3,10):	60.97
Zig ZAG (10):	64.36
VORTEX (21):	1.0600
Stochastique (14,3,5):	73.98
TEMA (21):	64.39
Williams %R (14):	-20.10
Chande Momentum Oscillator (20):	2.72
Repulse (5,40,3):	-0.6800
ROCnROLL:	-1
TRIX (15,9):	0.0300
Courbe Coppock:	4.37

MA7:	63.62
MA20:	63.11
MA50:	63.19
MA100:	67.82
MAexp7:	63.75
MAexp20:	63.22
MAexp50:	64.11
MAexp100:	66.08
Price / MA7:	+1.16%
Price / MA20:	+1.98%
Price / MA50:	+1.85%
Price / MA100:	-5.10%
Price / MAexp7:	+0.96%
Price / MAexp20:	+1.80%
Price / MAexp50:	+0.39%
Price / MAexp100:	-2.60%

News

The latest news and videos published on COGNIZANT TECHNOLOGY SOLUTIONS at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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