COGNIZANT TECH SOLUTIONS-A (CTSH) Stock Technical Analysis
NASDAQ:CTSH - Nasdaq - US1924461023 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to CTSH. Both in the recent history as in the last year, CTSH has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that CTSH is one of the better performing stocks in the market, outperforming 72% of all stocks.
CTSH is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
CTSH has an average volume of 3785250 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
CTSH is part of the IT Services industry. There are 82 other stocks in this industry, CTSH did better than 61% of them.
CTSH is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CTSH is lagging the market slightly.
In the last month CTSH has a been trading in a tight range between 78.48 and 82.04.
Besides having an excellent technical rating, CTSH also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 80.18, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
62.67
85.12
4 important support areas can be observed.
- A support zone ranging from 77.77 to 80.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 75.84 to 76.02. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 68.74 to 69.70. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @63.30 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 80.32 to 80.48. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @84.28 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 | UP | POSITIVE | The long term trend for CTSH is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CTSH is up. |
| ChartMill Relative Strength | 72.18 | POSITIVE | CTSH has a high relative strength, it outperformed 72.18% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CTSH is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CTSH is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CTSH is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.49 | NEUTRAL | The RSI value for CTSH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.3 | NEGATIVE | The MACD value suggests CTSH has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 37.79 | NEUTRAL | The Stochastics value for CTSH is a neutral value. |
| Average True Range in percent/ATR (20) | 1.66 | LOW VOLATILITY | The low ATR as a percentage value for CTSH suggests low volalility. |
| Average Directional Index/ADX (14) | 21.12 | NEUTRAL | The ADX value for CTSH 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 80.49 | 78.47 | 2.02 (2.51%) | 25.00% |
| An entry @80.49. This is a Buy Stop order right above the resistance zone. | An exit @78.47. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.02 points, which is 2.51%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.63%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
80.28
+0.96 (+1.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg1.21%
1 Week-0.88%
2 Weeks0.48%
1 Month1.35%
3 Month-3.54%
6 Month-1.07%
12 Month21.75%
2 Year22.98%
3 Year18.95%
5 Year41.29%
10 Year31.41%
15 Year220.74%
Volatility
ATR(14)1.23
ATR(20)%1.66%
ATR Inc-12.66%
Range Today0.7
ADR(20)1.15
ADR(20)%1.44%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS72.18
Mansfield-0.04
10 Day High81.23
10 Day Low78.48
20 Day High82.04
20 Day Low78.48
52 Week High90.82
52 Week Low63.79
CS1 End80.18
CR1 Start80.32
Volume & EV
DER(3)-1.25%
DER(5)0.03%
Volume2.51M
Volume Incr-14.26%
Vol(5)2.98M
Vol(50)3.79M