COGNYTE SOFTWARE LTD (CGNT) Stock Technical Analysis
NASDAQ:CGNT - Nasdaq - IL0011691438 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to CGNT. Both in the recent history as in the last year, CGNT has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, CGNT did better than 92% of all other stocks. We also observe that the gains produced by CGNT over the past year are nicely spread over this period.
CGNT is one of the better performing stocks in the Software industry, it outperforms 82% of 283 stocks in the same industry.
CGNT is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so CGNT is performing more or less in line with the market.
In the last month CGNT has a been trading in the 9.50 - 11.09 range, which is quite wide. It is currently trading near the high of this range.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
CGNT has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
6.36
11.07
5 important support areas can be observed.
- A support zone ranging from 9.55 to 9.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @8.52 from a trend line in the weekly time frame.
- Support @8.31 from a trend line in the daily time frame.
- Support @7.78 from a trend line in the weekly time frame.
- Support @6.42 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 10.91 to 10.96. This zone is formed by a combination of multiple trend lines in the daily time frame.
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 | 92.04 | POSITIVE | CGNT has a high relative strength, it outperformed 92.04% off all stocks 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) | 66.61 | NEUTRAL | The RSI value for CGNT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests CGNT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 73.51 | NEUTRAL | The Stochastics value for CGNT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.51 | MEDIUM VOLATILITY | The ATR as a percentage value for CGNT suggests some volalility. |
| Average Directional Index/ADX (14) | 30.75 | POSITIVE | The high ADX value value for CGNT suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 10.97 | 9.63 | 1.34 (12.22%) | 8.19% |
| An entry @10.97. This is a Buy Stop order right above the resistance zone. | An exit @9.63. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.34 points, which is 12.22%. | When investing 8.19% 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.
10.68
-0.01 (-0.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-0.09%
1 Week7.88%
2 Weeks8.98%
1 Month10.1%
3 Month16.85%
6 Month36.57%
12 Month39.79%
2 Year114.89%
3 Year50.85%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.4
ATR(20)%3.51%
ATR Inc11.73%
Range Today0.39
ADR(20)0.37
ADR(20)%3.45%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.04
Mansfield2.75
10 Day High11.09
10 Day Low9.64
20 Day High11.09
20 Day Low9.5
52 Week High11.12
52 Week Low6.21
CS1 End9.59
CR1 Start10.91
Volume & EV
DER(3)0.27%
DER(5)1.65%
Volume175.23K
Volume Incr43.97%
Vol(5)333.29K
Vol(50)388.91K