COGNYTE SOFTWARE LTD (CGNT) Technical Analysis
NASDAQ:CGNT • IL0011691438
Overall CGNT gets a technical rating of 3 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. CGNT was also a bad performer in the overall market in the last year.
- 73% of all other stocks performed better in the past year than CGNT.
- 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 one of the better performing stocks in the Software industry, it outperforms 76% of 277 stocks in the same industry.
- In the last month CGNT has a been trading in the 6.29 - 9.00 range, which is quite wide. It is currently trading near the high of this range.
- 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.
CGNT has a poor technical rating and the quality of the setup is also 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
6.75
2 important support areas can be observed.
- A support zone ranging from 8.22 to 8.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @6.82 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 8.70 to 8.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 9.16 to 9.34. 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 | UP | POSITIVE | The short term trend for CGNT is up. |
| ChartMill Relative Strength | 27.73 | NEGATIVE | CGNT has a low relative strength, it was outperformed by 72.27% 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) | 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) | 59.47 | NEUTRAL | The RSI value for CGNT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.22 | POSITIVE | The MACD value suggests CGNT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.03 | OVERBOUGHT | The high Stochastics value suggests CGNT may be overbought. |
| Average True Range in percent/ATR (20) | 4.43 | MEDIUM VOLATILITY | The ATR as a percentage value for CGNT suggests some volalility. |
| Average Directional Index/ADX (14) | 29.92 | POSITIVE | The high ADX value value for CGNT suggests a strong trend. |
CGNT Technicals: Chart, Performance Metrics, Trend & Indicators
8.51
-0.02 (-0.23%)
COGNYTE SOFTWARE LTD / CGNT FAQ
What is the technical rating for CGNT stock?
ChartMill assigns a technical rating of 3 / 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 Bearish.
What is the RSI signal for COGNYTE SOFTWARE LTD (CGNT) stock?
COGNYTE SOFTWARE LTD (CGNT) has an RSI value of 59.4698. 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 0.223286, 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 positive.