CTSH Technical Analysis - COGNIZANT TECH SOLUTIONS-A

Technical Rating and Analysis

Overall CTSH gets a technical rating of 0 out of 10. CTSH scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

86% of all other stocks performed better in the past year than CTSH.

CTSH is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

In the last month CTSH has a been trading in the 65.17 - 72.91 range, which is quite wide. It is currently trading near the lows of this range.

CTSH has an average volume of 4337230 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

CTSH is an average performer in the IT Services industry, it outperforms 41% of 87 stocks in the same industry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

COGNIZANT TECH SOLUTIONS-A / CTSH Weekly stock chart

COGNIZANT TECH SOLUTIONS-A / CTSH Daily stock chart

Setup Rating and Analysis

CTSH has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

65.81

82.63

We found 1 important support area.

A support zone ranging from 66.47 to 66.94. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 4 important areas.

A resistance zone ranging from 71.17 to 72.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @74.94 from a trend line in the daily time frame.
Resistance @77.43 from a trend line in the daily time frame.
Resistance @81.81 from a horizontal line in the daily time frame.

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What is Support and Resistance

Support and Resistance indicators

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Technical Indicator Signal Analysis

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 CTSH is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for CTSH is down.
ChartMill Relative Strength	14.68	NEGATIVE	CTSH has a low relative strength, it was outperformed by 85.32% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of CTSH is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of CTSH is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of CTSH is below a declining SMA(200).
Relative Strength Index/RSI (14)	38.3	NEUTRAL	The RSI value for CTSH is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.21	NEGATIVE	The MACD value suggests CTSH has a negative trend, although the MACD value is rising.
Stochastics (14,3)	30.62	NEUTRAL	The Stochastics value for CTSH is a neutral value.
Average True Range in percent/ATR (20)	2.45	MEDIUM VOLATILITY	The ATR as a percentage value for CTSH suggests some volalility.
Average Directional Index/ADX (14)	28.78	POSITIVE	The high ADX value value for CTSH suggests a strong trend.