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:
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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:
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
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
S3
S2
S1
R1
R2
R3
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:
- Volkswagen Group España Distribución Selects Cognizant for Digital Transformation Initiatives to Enhance Customer Experience and Business Processes
- Volkswagen Group España Distribución Selects Cognizant for Digital Transformation Initiatives to Enhance Customer Experience and Business Processes
- Cognizant Named an AI Services Leader in IDC MarketScape Report
- Cognizant to Acquire Zenith Technologies, a Leader in Life Sciences Manufacturing Technology Services
- Cognizant to Acquire Zenith Technologies, a Leader in Life Sciences Manufacturing Technology Services
This member declared not having a position on this financial instrument or a related financial instrument.
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