Taking everything into account, CNDT scores 1 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: 91% of all stocks are doing better.
- CNDT is one of the lesser performing stocks in the IT Services industry. 71% of 88 stocks in the same industry do 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 1.84 - 2.10 range, which is quite wide. It is currently trading near the high of this range.
- CNDT has an average volume of 1273200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Considerably lower volume is observed in the last couple of days.
CNDT has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 2.08. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2.05, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CNDT in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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
1.75
When analyzing the support we can see 3 important areas.
- A support zone ranging from 1.98 to 2.05. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @1.90 from a trend line in the daily time frame.
- A support zone ranging from 1.77 to 1.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 2.08 to 2.10. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 9.58 | NEGATIVE | CNDT has a low relative strength, it was outperformed by 90.42% 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) | DOWN | MIXED | The current price of CNDT is above 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) | 55.61 | NEUTRAL | The RSI value for CNDT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests CNDT has a positive trend. |
| Stochastics (14,3) | 74.36 | NEUTRAL | The Stochastics value for CNDT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.89 | MEDIUM VOLATILITY | The ATR as a percentage value for CNDT suggests some volalility. |
| Average Directional Index/ADX (14) | 16.25 | NEGATIVE | The low ADX value for CNDT suggests a weak or negative trend. |
2.07
+0.04 (+1.97%)
CONDUENT INC / CNDT FAQ
What is the technical rating for CNDT stock?
ChartMill assigns a technical rating of 1 / 10 to CNDT.
What is the trend direction for CNDT stock?
The current trend direction for CONDUENT INC (CNDT) is Bearish.
What is the RSI signal for CONDUENT INC (CNDT) stock?
CONDUENT INC (CNDT) has an RSI value of 55.6055. This indicates that the stock is currently neutral.
Can you provide the MACD signal for CONDUENT INC?
The MACD indicator for CONDUENT INC (CNDT) has a value of 0.0143668, indicating a bearish trend.
What is the short term momentum for CONDUENT INC (CNDT) stock?
The short term momentum for CONDUENT INC (CNDT) is neutral.