CONDUENT INC (CNDT) Stock Technical Analysis
USA - NASDAQ:CNDT - US2067871036 - Common Stock
2.77 USD
+0.09 (+3.36%)
2.9 USD
+0.13 (+4.69%)
We assign a technical rating of 3 out of 10 to CNDT. CNDT performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
When comparing the yearly performance of all stocks, CNDT is a bad performer in the overall market: 85% of all stocks are doing better.
CNDT 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 CNDT has a been trading in the 2.64 - 2.98 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been consolidating recently, but much resistance may still be present above.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
CNDT is part of the IT Services industry. There are 86 other stocks in this industry, CNDT did better than 41% of them.
CNDT has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 2.77. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2.73, a Stop Loss order could be placed below this zone.
More info and screens
2.40
3.00
We found 3 important support areas.
- A support zone ranging from 2.67 to 2.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.60 from a trend line in the weekly time frame.
- 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 2.77 to 2.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.97 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 | NEUTRAL | NEUTRAL | The short term trend for CNDT is neutral. |
| ChartMill Relative Strength | 15.07 | NEGATIVE | CNDT has a low relative strength, it was outperformed by 84.93% 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 | 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) | 50.12 | 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, although the MACD value is rising. |
| Stochastics (14,3) | 25.49 | NEUTRAL | The Stochastics value for CNDT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.9 | MEDIUM VOLATILITY | The ATR as a percentage value for CNDT suggests some volalility. |
| Average Directional Index/ADX (14) | 22.22 | 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)
2.77
+0.09 (+3.36%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg3.36%
1 Week-1.42%
2 Weeks1.47%
1 Month-1.07%
3 Month3.75%
6 Month35.78%
12 Month-31.6%
2 Year-13.17%
3 Year-32.77%
5 Year-20.52%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.1
ATR(20)%3.9%
ATR Inc5.92%
Range Today0.09
ADR(20)0.11
ADR(20)%3.86%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.07
Mansfield-2.1
10 Day High2.85
10 Day Low2.64
20 Day High2.98
20 Day Low2.64
52 Week High4.9
52 Week Low1.9
CS1 End2.73
CR1 Start2.77
Volume & EV
DER(3)-4.36%
DER(5)-5.16%
Volume738.90K
Volume Incr-20.88%
Vol(5)723.66K
Vol(50)961.91K