COGNYTE SOFTWARE LTD (CGNT) Technical Analysis
NASDAQ:CGNT • IL0011691438
Current stock price
CGNT Technical Rating and Analysis
Taking everything into account, CGNT scores 7 out of 10 in our technical rating. CGNT has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- CGNT is part of the Software industry. There are 272 other stocks in this industry. CGNT outperforms 80% of them.
- CGNT is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CGNT is lagging the market slightly.
- In the last month CGNT has a been trading in the 7.62 - 10.35 range, which is quite wide. It is currently trading near the high of this range.
- When compared to the yearly performance of all other stocks, CGNT outperforms 55% of them, which is more or less in line with the market.
CGNT Weekly and Daily overview Charts
CGNT Setup Rating and Analysis
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
CGNT Support and Resistance Analysis
6.78
We found 4 important support areas.
- A support zone ranging from 9.31 to 9.34. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 8.65 to 8.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @8.49 from a trend line in the daily time frame.
- Support @6.85 from a trend line in the weekly time frame.
CGNT Technical Indicator Signal Analysis
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 | UP | POSITIVE | The short term trend for CGNT is up. |
| ChartMill Relative Strength | 55.05 | 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) | 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) | 70.23 | OVERBOUGHT | The high RSI value suggests CGNT may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests CGNT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 93.68 | OVERBOUGHT | The high Stochastics value suggests CGNT may be overbought. |
| Average True Range in percent/ATR (20) | 5.3 | HIGH VOLATILITY | The high ATR as a percentage value for CGNT suggests high volalility. |
| Average Directional Index/ADX (14) | 29.01 | POSITIVE | The high ADX value value for CGNT suggests a strong trend. |
CGNT Chart- and CandleStick Pattern Analysis
CGNT Technicals: Chart, Performance Metrics, Trend & Indicators
10.09
+0.03 (+0.3%)
COGNYTE SOFTWARE LTD / CGNT TA FAQ
What is the technical rating for CGNT stock?
ChartMill assigns a technical rating of 7 / 10 to CGNT.
What is the trend direction for CGNT stock?
The current trend direction for COGNYTE SOFTWARE LTD (CGNT) is Bearish.
Can you provide the RSI signal for COGNYTE SOFTWARE LTD?
COGNYTE SOFTWARE LTD (CGNT) has an RSI value of 70.2257. This indicates that the stock is currently overbought.
What is the MACD signal for COGNYTE SOFTWARE LTD (CGNT) stock?
The MACD indicator for COGNYTE SOFTWARE LTD (CGNT) has a value of 0.163872, indicating a bearish trend.
Can you provide the support and resistance levels for COGNYTE SOFTWARE LTD?
COGNYTE SOFTWARE LTD (CGNT) has a support level at 9.34. Check the full technical report for our detailed analysis of CGNT support and resistance levels.