CONDUENT INC (CNDT) Stock Technical Analysis
NASDAQ:CNDT - Nasdaq - US2067871036 - Common Stock - Currency: USD
Overall CNDT gets a technical rating of 1 out of 10. CNDT'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.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
91% of all other stocks performed better in the past year than CNDT.
CNDT is one of the lesser performing stocks in the IT Services industry. 81% of 82 stocks in the same industry do better.
CNDT is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CNDT is lagging the market.
CNDT has an average volume of 1289530 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month CNDT has a been trading in the 1.90 - 2.42 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CNDT has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 1.97, a Stop Loss order could be placed below this zone.
More info and screens
1.94
2.41
When analyzing the support we notice one important area.
- A support zone ranging from 1.96 to 1.97. This zone is formed by a combination of multiple trend lines in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 2.26 to 2.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 2.39 to 2.39. This zone is formed by a combination of multiple trend lines and important moving averages 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 | DOWN | NEGATIVE | The long term trend for CNDT is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CNDT is neutral. |
| ChartMill Relative Strength | 9.29 | NEGATIVE | CNDT has a low relative strength, it was outperformed by 90.71% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CNDT is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CNDT is below a declining 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) | 44.64 | NEUTRAL | The RSI value for CNDT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests CNDT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 71.74 | NEUTRAL | The Stochastics value for CNDT is a neutral value. |
| Average True Range in percent/ATR (20) | 5.7 | HIGH VOLATILITY | The high ATR as a percentage value for CNDT suggests high volalility. |
| Average Directional Index/ADX (14) | 33.1 | 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)
2.16
-0.22 (-9.24%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg-9.24%
1 Week-4%
2 Weeks-4%
1 Month0.47%
3 Month-42.4%
6 Month-42.25%
12 Month-37.39%
2 Year-28.71%
3 Year-59.25%
5 Year-9.62%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.14
ATR(20)%5.7%
ATR Inc86.31%
Range Today0.2
ADR(20)0.12
ADR(20)%5.47%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.29
Mansfield-3.88
10 Day High2.42
10 Day Low2.15
20 Day High2.42
20 Day Low1.9
52 Week High4.9
52 Week Low1.9
CS1 End1.97
CR1 Start2.26
Volume & EV
DER(3)-0.6%
DER(5)-0.41%
Volume1.27M
Volume Incr13.06%
Vol(5)1.36M
Vol(50)1.29M