Taking everything into account, CGNT scores 6 out of 10 in our technical rating. 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.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- CGNT is part of the Software industry. There are 278 other stocks in this industry. CGNT outperforms 81% of them.
- When compared to the yearly performance of all other stocks, CGNT outperforms 49% of them, which is more or less in line with the market.
- CGNT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CGNT is lagging the market.
- In the last month CGNT has a been trading in the 8.69 - 9.84 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, CGNT does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. 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
7.86
When analyzing the support we can see 3 important areas.
- A support zone ranging from 9.01 to 9.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @8.43 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.
3 important resistance areas can be observed.
- A resistance zone ranging from 9.23 to 9.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @9.64 from a horizontal line in the daily time frame.
- 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 | 49.56 | 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) | DOWN | MIXED | The current price of CGNT is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.39 | NEUTRAL | The RSI value for CGNT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests CGNT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 29.61 | NEUTRAL | The Stochastics value for CGNT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.12 | MEDIUM VOLATILITY | The ATR as a percentage value for CGNT suggests some volalility. |
| Average Directional Index/ADX (14) | 15.14 | NEGATIVE | The low ADX value for CGNT suggests a weak or negative trend. |
9.18
+0.15 (+1.66%)
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 Bullish.
What is the RSI signal for COGNYTE SOFTWARE LTD (CGNT) stock?
COGNYTE SOFTWARE LTD (CGNT) has an RSI value of 50.3947. 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 -0.0253033, 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.