COGNIZANT TECH SOLUTIONS-A (CTSH) Stock Technical Analysis
NASDAQ:CTSH - Nasdaq - US1924461023 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to CTSH. CTSH's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, CTSH is a bad performer in the overall market: 83% of all stocks are doing better.
CTSH 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 CTSH has a been trading in the 67.95 - 77.58 range, which is quite wide. It is currently trading near the lows of this range.
CTSH has an average volume of 3861340 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 44% of 82 stocks in the same industry.
Although the technical rating is bad, CTSH does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 68.74, a Stop Loss order could be placed below this zone.
More info and screens
62.67
85.12
3 important support areas can be observed.
- A support zone ranging from 68.06 to 68.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @66.47 from a horizontal line in the daily time frame.
- Support @63.30 from a horizontal line in the weekly time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 72.23 to 72.37. 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 75.97 to 77.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @81.81 from a horizontal line 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 | 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 | 17.11 | NEGATIVE | CTSH has a low relative strength, it was outperformed by 82.89% 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) | 38.29 | NEUTRAL | The RSI value for CTSH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests CTSH has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 23.05 | NEUTRAL | The Stochastics value for CTSH is a neutral value. |
| Average True Range in percent/ATR (20) | 2.27 | MEDIUM VOLATILITY | The ATR as a percentage value for CTSH suggests some volalility. |
| Average Directional Index/ADX (14) | 36.22 | POSITIVE | The high ADX value value for CTSH suggests a strong 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)
70
+0.63 (+0.91%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg0.91%
1 Week0.6%
2 Weeks-0.84%
1 Month-7.51%
3 Month-14.05%
6 Month-22.82%
12 Month-7.72%
2 Year-2.25%
3 Year10.81%
5 Year4.7%
10 Year11.22%
15 Year143.06%
Volatility
ATR(14)1.77
ATR(20)%2.27%
ATR Inc-43.95%
Range Today0.83
ADR(20)1.54
ADR(20)%2.21%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.11
Mansfield-1.8
10 Day High71.87
10 Day Low67.95
20 Day High77.58
20 Day Low67.95
52 Week High90.82
52 Week Low65.52
CS1 End68.74
CR1 Start72.23
Volume & EV
DER(3)1.06%
DER(5)2.06%
Volume3.54M
Volume Incr13.83%
Vol(5)4.79M
Vol(50)3.86M