Overall CGNT gets a technical rating of 2 out of 10. CGNT has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Although the technical rating is bad, CGNT does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 8.43. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 8.38, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CGNT in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
7.72
When analyzing the support we can see 3 important areas.
- A support zone ranging from 8.13 to 8.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 7.94 to 7.97. 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.
2 important resistance areas can be observed.
- A resistance zone ranging from 8.43 to 8.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 9.44 to 9.54. 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 | DOWN | NEGATIVE | The long term trend for CGNT is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CGNT is neutral. |
| ChartMill Relative Strength | 40.15 | 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) | DOWN | MIXED | The current price of CGNT is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CGNT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.15 | NEUTRAL | The RSI value for CGNT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests CGNT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 53.33 | NEUTRAL | The Stochastics value for CGNT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.29 | MEDIUM VOLATILITY | The ATR as a percentage value for CGNT suggests some volalility. |
| Average Directional Index/ADX (14) | 14.43 | NEGATIVE | The low ADX value for CGNT suggests a weak or negative trend. |
8.4
+0.09 (+1.08%)
COGNYTE SOFTWARE LTD / CGNT FAQ
What is the technical rating for CGNT stock?
ChartMill assigns a technical rating of 2 / 10 to CGNT.
Can you provide the trend direction for COGNYTE SOFTWARE LTD?
The current trend direction for COGNYTE SOFTWARE LTD (CGNT) is Bearish.
What is the RSI signal for COGNYTE SOFTWARE LTD (CGNT) stock?
COGNYTE SOFTWARE LTD (CGNT) has an RSI value of 52.1528. 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 neutral.