Overall CGNT gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, CGNT is only an average performer.
Besides having an excellent technical rating, CGNT also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 9.65. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 9.06, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
7.87
We found 3 important support areas.
- A support zone ranging from 8.89 to 9.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @8.31 from a trend line in the weekly time frame.
- A support zone ranging from 7.95 to 7.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 9.65 to 9.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 9.87 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 | 70.81 | POSITIVE | CGNT has a high relative strength, it outperformed 70.81% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CGNT is above a declining 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) | 59.03 | NEUTRAL | The RSI value for CGNT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests CGNT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 69.97 | NEUTRAL | The Stochastics value for CGNT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.76 | MEDIUM VOLATILITY | The ATR as a percentage value for CGNT suggests some volalility. |
| Average Directional Index/ADX (14) | 23.51 | NEUTRAL | The ADX value for CGNT suggests a possible start of a new 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 |
|---|---|---|---|
| 9.67 | 8.84 | 0.83 (8.58%) | 11.65% |
| An entry @9.67. This is a Buy Stop order right above the resistance zone. | An exit @8.84. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.83 points, which is 8.58%. | When investing 11.65% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
9.57
+0.01 (+0.1%)
COGNYTE SOFTWARE LTD / CGNT FAQ
What is the technical rating for CGNT stock?
ChartMill assigns a technical rating of 7 / 10 to CGNT.
What is the current trend direction of COGNYTE SOFTWARE LTD (CGNT) stock?
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 59.0263. This indicates that the stock is currently neutral.
Can you provide the MACD signal for COGNYTE SOFTWARE LTD?
The MACD indicator for COGNYTE SOFTWARE LTD (CGNT) has a value of -0.0203973, indicating a bearish trend.
What is the short term momentum for COGNYTE SOFTWARE LTD (CGNT) stock?
The short term momentum for COGNYTE SOFTWARE LTD (CGNT) is positive.