We assign a technical rating of 7 out of 10 to CGNT. 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.
Although CGNT has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
7.72
3 important support areas can be observed.
- 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 2 important areas.
- A resistance zone ranging from 9.71 to 9.71. 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 | NEUTRAL | NEUTRAL | The short term trend for CGNT is neutral. |
| ChartMill Relative Strength | 54.4 | NEUTRAL | CGNT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CGNT is below 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 | MIXED | The current price of CGNT is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.8 | NEUTRAL | The RSI value for CGNT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests CGNT has a negative trend. |
| Stochastics (14,3) | 16.96 | OVERSOLD | The low Stochastics value suggests CGNT may be oversold. |
| Average True Range in percent/ATR (20) | 3.59 | MEDIUM VOLATILITY | The ATR as a percentage value for CGNT suggests some volalility. |
| Average Directional Index/ADX (14) | 28.17 | POSITIVE | The high ADX value value for CGNT suggests a strong trend. |
8.9
-0.5 (-5.32%)
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 43.8014. 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 -0.08347, 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 neutral.