Taking everything into account, CGNT scores 2 out of 10 in our technical rating. CGNT's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- When comparing the yearly performance of all stocks, CGNT is a bad performer in the overall market: 79% of all stocks are doing better.
- CGNT is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month CGNT has a been trading in the 8.26 - 9.84 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- CGNT is part of the Software industry. There are 278 other stocks in this industry. CGNT outperforms 77% of them.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
The technical rating of CGNT is bad and it also does not present a 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
7.86
2 important support areas can be observed.
- 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.
We found 1 important resistance area.
- A resistance zone ranging from 8.91 to 9.87. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The short term trend for CGNT is neutral. |
| ChartMill Relative Strength | 21.39 | NEGATIVE | CGNT has a low relative strength, it was outperformed by 78.61% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CGNT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of CGNT is below the rising 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) | 37.13 | NEUTRAL | The RSI value for CGNT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests CGNT has a negative trend. |
| Stochastics (14,3) | 30.82 | NEUTRAL | The Stochastics value for CGNT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.76 | MEDIUM VOLATILITY | The ATR as a percentage value for CGNT suggests some volalility. |
| Average Directional Index/ADX (14) | 16.08 | NEGATIVE | The low ADX value for CGNT suggests a weak or negative trend. |
8.48
-0.7 (-7.63%)
COGNYTE SOFTWARE LTD / CGNT FAQ
What is the technical rating for CGNT stock?
ChartMill assigns a technical rating of 2 / 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 37.1271. 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 -0.0594063, 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.