CONDUENT INC (CNDT) Stock Technical Analysis
USA - NASDAQ:CNDT - US2067871036 - Common Stock
2.8 USD
+0.02 (+0.72%)
2.8 USD
0 (0%)
Taking everything into account, CNDT scores 6 out of 10 in our technical rating. In the last year, CNDT was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
When comparing the yearly performance of all stocks, CNDT is a bad performer in the overall market: 84% of all stocks are doing better.
CNDT is part of the IT Services industry. There are 86 other stocks in this industry, of which 60% are performing better than CNDT.
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.
CNDT is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
CNDT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CNDT is lagging the market.
CNDT has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
2.40
2.94
When analyzing the support we can see 2 important areas.
- A support zone ranging from 2.54 to 2.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 2.42 to 2.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 2.81 to 2.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.91 from a horizontal line in the daily time frame.
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 CNDT is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CNDT is up. |
| ChartMill Relative Strength | 16.09 | NEGATIVE | CNDT has a low relative strength, it was outperformed by 83.91% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CNDT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CNDT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CNDT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.3 | NEUTRAL | The RSI value for CNDT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests CNDT has a negative trend. |
| Stochastics (14,3) | 30.43 | NEUTRAL | The Stochastics value for CNDT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.65 | MEDIUM VOLATILITY | The ATR as a percentage value for CNDT suggests some volalility. |
| Average Directional Index/ADX (14) | 37.01 | POSITIVE | The high ADX value value for CNDT suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 2.87 | 2.72 | 0.15 (5.40%) | 18.52% |
| An entry @2.87. This is a Buy Stop order right above the resistance zone. | An exit @2.72. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.15 points, which is 5.40%. | For a 1.00% total portfolio risk, you can invest 18.52% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
2.8
+0.02 (+0.72%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg0.72%
1 Week0%
2 Weeks-0.36%
1 Month10.24%
3 Month4.48%
6 Month-8.2%
12 Month-25.33%
2 Year-19.54%
3 Year-16.17%
5 Year-11.95%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.09
ATR(20)%3.65%
ATR Inc9.58%
Range Today0.16
ADR(20)0.1
ADR(20)%3.6%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.09
Mansfield-2.09
10 Day High2.94
10 Day Low2.73
20 Day High2.94
20 Day Low2.51
52 Week High4.9
52 Week Low1.9
CS1 End2.57
CR1 Start2.81
Volume & EV
DER(3)-7.56%
DER(5)-5.49%
Volume978.90K
Volume Incr15.52%
Vol(5)1.01M
Vol(50)924.91K