COGNIZANT TECH SOLUTIONS-A (CTSH) Stock Technical Analysis
USA - NASDAQ:CTSH - US1924461023 - Common Stock
Overall CTSH gets a technical rating of 1 out of 10. 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.
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 67.28, a Stop Loss order could be placed below this zone.
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64.82
When analyzing the support we notice one important area.
- A support zone ranging from 65.47 to 67.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 67.87 to 69.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @72.90 from a trend 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 | NEUTRAL | NEUTRAL | The short term trend for CTSH is neutral. |
| ChartMill Relative Strength | 18.47 | NEGATIVE | CTSH has a low relative strength, it was outperformed by 81.53% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CTSH is above the rising 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) | 49.91 | NEUTRAL | The RSI value for CTSH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.28 | POSITIVE | The MACD value suggests CTSH has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 68.54 | NEUTRAL | The Stochastics value for CTSH is a neutral value. |
| Average True Range in percent/ATR (20) | 1.95 | LOW VOLATILITY | The low ATR as a percentage value for CTSH suggests low volalility. |
| Average Directional Index/ADX (14) | 24.31 | NEUTRAL | The ADX value for CTSH suggests a possible start of a new trend. |
67.86
-0.17 (-0.25%)
COGNIZANT TECH SOLUTIONS-A / CTSH FAQ
Can you provide the ChartMill technical rating for COGNIZANT TECH SOLUTIONS-A?
ChartMill assigns a technical rating of 1 / 10 to CTSH.
What is the trend direction for CTSH stock?
The current trend direction for COGNIZANT TECH SOLUTIONS-A (CTSH) is Bearish.
What is the RSI signal for CTSH stock?
COGNIZANT TECH SOLUTIONS-A (CTSH) has an RSI value of 49.9059. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for COGNIZANT TECH SOLUTIONS-A?
COGNIZANT TECH SOLUTIONS-A (CTSH) has a support level at 67.28 and a resistance level at 67.87. Check the full technical report for our detailed analysis of CTSH support and resistance levels.