CONDUENT INC (CNDT) Stock Technical Analysis
NASDAQ:CNDT - Nasdaq - US2067871036 - Common Stock - Currency: USD
Taking everything into account, CNDT scores 2 out of 10 in our technical rating. CNDT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
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.
When comparing the yearly performance of all stocks, CNDT is a bad performer in the overall market: 81% of all stocks are doing 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.
In the last month CNDT has a been trading in the 2.44 - 2.85 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.
CNDT has an average volume of 1302540 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
CNDT is an average performer in the IT Services industry, it outperforms 46% of 82 stocks in the same industry.
The technical rating of CNDT 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
2.44
2.84
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 2.68 to 2.76. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 2.81 to 2.81. 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 | 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 | 19.31 | NEGATIVE | CNDT has a low relative strength, it was outperformed by 80.69% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CNDT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of CNDT is below 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) | 37.52 | NEUTRAL | The RSI value for CNDT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests CNDT has a negative trend. |
| Stochastics (14,3) | 34.02 | NEUTRAL | The Stochastics value for CNDT is a neutral value. |
| Average True Range in percent/ATR (20) | 4.15 | MEDIUM VOLATILITY | The ATR as a percentage value for CNDT suggests some volalility. |
| Average Directional Index/ADX (14) | 24.13 | NEUTRAL | The ADX value for CNDT suggests a possible start of a new 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)
2.46
-0.2 (-7.52%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg-7.52%
1 Week-11.51%
2 Weeks-5.38%
1 Month-12.14%
3 Month13.89%
6 Month-37.88%
12 Month-34.4%
2 Year-21.66%
3 Year-39.85%
5 Year-27.22%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.1
ATR(20)%4.15%
ATR Inc71.14%
Range Today0.18
ADR(20)0.1
ADR(20)%3.94%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS19.31
Mansfield-3.03
10 Day High2.85
10 Day Low2.44
20 Day High2.85
20 Day Low2.44
52 Week High4.9
52 Week Low1.9
CS1 EndN/A
CR1 Start2.68
Volume & EV
DER(3)-1.67%
DER(5)-2.99%
Volume1.73M
Volume Incr4.77%
Vol(5)955.18K
Vol(50)1.30M