COGNIZANT TECHNOLOGY SOLUTIONS
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

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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.

Complete this analysis for another time unit:
15 min. 1H Weekly
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.

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:

Central Records

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



The Central Volumes scanner detects abnormal volumes on the asset:

Central Volumes

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:

Central Indicators

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:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

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

Central Indicators

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:

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : Daily



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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
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
Standard62.3463.0963.6964.4465.0465.7966.39
Camarilla63.9164.0364.1664.2864.4064.5364.65
Woodie62.2663.0563.6064.4064.9665.7566.31
Fibonacci63.0963.6163.9364.4464.9665.2865.79


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard61.1962.0662.7363.6064.2765.1465.81
Camarilla62.9763.1163.2563.3963.5363.6763.81
Woodie61.0862.0162.6263.5564.1665.0965.70
Fibonacci62.0662.6563.0263.6064.1964.5665.14

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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