COGNYTE SOFTWARE LTD (CGNT) Stock Technical Analysis
NASDAQ:CGNT - Nasdaq - IL0011691438 - Common Stock - Currency: USD
Taking everything into account, CGNT scores 3 out of 10 in our technical rating. Although CGNT is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
In the last month CGNT has a been trading in the 8.91 - 11.65 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
Looking at the yearly performance, CGNT did better than 80% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
CGNT is an average performer in the Software industry, it outperforms 67% of 284 stocks in the same industry.
CGNT is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CGNT is lagging the market slightly.
Volume is considerably higher in the last couple of days.
The technical rating of CGNT is bad and it also does not present a quality setup 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
9.13
We found 5 important support areas.
- Support @8.81 from a trend line in the weekly time frame.
- Support @8.54 from a trend line in the daily time frame.
- A support zone ranging from 7.95 to 7.96. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @7.79 from a horizontal line in the daily time frame.
- Support @6.42 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 9.03 to 9.04. 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 | NEUTRAL | NEUTRAL | The long term trend for CGNT is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CGNT is down. |
| ChartMill Relative Strength | 80.88 | POSITIVE | CGNT has a high relative strength, it outperformed 80.88% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CGNT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of CGNT is below 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) | 33.54 | NEUTRAL | The RSI value for CGNT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.27 | NEGATIVE | The MACD value suggests CGNT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 10.5 | OVERSOLD | The low Stochastics value suggests CGNT may be oversold. |
| Average True Range in percent/ATR (20) | 4.96 | MEDIUM VOLATILITY | The ATR as a percentage value for CGNT suggests some volalility. |
| Average Directional Index/ADX (14) | 36.5 | 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)
9.025
-0.13 (-1.47%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-1.47%
1 Week-5.79%
2 Weeks-19.31%
1 Month-17.58%
3 Month8.34%
6 Month4.09%
12 Month20.33%
2 Year48.19%
3 Year112.35%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.49
ATR(20)%4.96%
ATR Inc-47.97%
Range Today0.21
ADR(20)0.4
ADR(20)%4.44%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.88
Mansfield0.31
10 Day High11.66
10 Day Low8.91
20 Day High11.66
20 Day Low8.91
52 Week High11.66
52 Week Low6.21
CS1 End8.81
CR1 Start9.03
Volume & EV
DER(3)3.76%
DER(5)-1.85%
Volume501.30K
Volume Incr53.25%
Vol(5)566.42K
Vol(50)354.06K