COGNYTE SOFTWARE LTD (CGNT) Technical Analysis
NASDAQ:CGNT • IL0011691438
Current stock price
CGNT Technical Rating and Analysis
Overall CGNT gets a technical rating of 2 out of 10. CGNT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- When comparing the yearly performance of all stocks, CGNT is a bad performer in the overall market: 83% of all stocks are doing better.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- CGNT is an average performer in the Software industry, it outperforms 66% of 271 stocks in the same industry.
- 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 7.62 - 9.33 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CGNT Weekly and Daily overview Charts
CGNT Setup Rating and Analysis
Although the technical rating is bad, CGNT does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
CGNT Support and Resistance Analysis
6.77
We found 2 important support areas.
- A support zone ranging from 7.74 to 7.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.84 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 8.15 to 8.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 8.70 to 9.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @9.34 from a horizontal line in the daily 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 | NEUTRAL | NEUTRAL | The short term trend for CGNT is neutral. |
| ChartMill Relative Strength | 17.76 | NEGATIVE | CGNT has a low relative strength, it was outperformed by 82.24% 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) | 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) | 47.71 | NEUTRAL | The RSI value for CGNT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests CGNT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 48.51 | NEUTRAL | The Stochastics value for CGNT is a neutral value. |
| Average True Range in percent/ATR (20) | 5.93 | HIGH VOLATILITY | The high ATR as a percentage value for CGNT suggests high volalility. |
| Average Directional Index/ADX (14) | 22.8 | NEUTRAL | The ADX value for CGNT suggests a possible start of a new trend. |
CGNT Chart- and CandleStick Pattern Analysis
CGNT Technicals: Chart, Performance Metrics, Trend & Indicators
8.11
-0.36 (-4.25%)
COGNYTE SOFTWARE LTD / CGNT TA FAQ
What is the technical rating for CGNT stock?
ChartMill assigns a technical rating of 2 / 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 47.7063. This indicates that the stock is currently neutral.
What is the MACD signal for COGNYTE SOFTWARE LTD (CGNT) stock?
The MACD indicator for COGNYTE SOFTWARE LTD (CGNT) has a value of 0.0104111, 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 7.74 and a resistance level at 8.15. Check the full technical report for our detailed analysis of CGNT support and resistance levels.