Taking everything into account, CGNT scores 8 out of 10 in our technical rating. Although CGNT is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
CGNT has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 9.71. Right above this resistance zone may be a good entry point.
More info and screens
7.72
When analyzing the support we can see 3 important areas.
- Support @8.28 from a trend line in the weekly time frame.
- A support zone ranging from 7.94 to 7.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @7.80 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 9.71 to 9.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for CGNT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CGNT is up. |
| ChartMill Relative Strength | 66.34 | NEUTRAL | CGNT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CGNT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CGNT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CGNT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.77 | NEUTRAL | The RSI value for CGNT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests CGNT has a negative trend. |
| Stochastics (14,3) | 48.37 | NEUTRAL | The Stochastics value for CGNT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.36 | MEDIUM VOLATILITY | The ATR as a percentage value for CGNT suggests some volalility. |
| Average Directional Index/ADX (14) | 31.72 | POSITIVE | The high ADX value value for CGNT suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 9.48 | 9.16 | 0.32 (3.39%) | 25.00% |
| An entry @9.48. This is a Buy Stop order right above the 10 day moving average. | An exit @9.16. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.32 points, which is 3.39%. | For a 0.85% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of CGNT. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
9.3
-0.01 (-0.11%)
COGNYTE SOFTWARE LTD / CGNT FAQ
What is the technical rating for CGNT stock?
ChartMill assigns a technical rating of 8 / 10 to CGNT.
Can you provide the trend direction for COGNYTE SOFTWARE LTD?
The current trend direction for COGNYTE SOFTWARE LTD (CGNT) is Bullish.
What is the RSI signal for COGNYTE SOFTWARE LTD (CGNT) stock?
COGNYTE SOFTWARE LTD (CGNT) has an RSI value of 54.7652. This indicates that the stock is currently neutral.
What is the short term momentum for CGNT stock?
The short term momentum for COGNYTE SOFTWARE LTD (CGNT) is positive.
Can you provide the buy/sell signal for COGNYTE SOFTWARE LTD?
The buy/sell signal for COGNYTE SOFTWARE LTD (CGNT) is buy as both the short term and long term trends are positive.