COGNIZANT TECH SOLUTIONS-A (CTSH) Stock Technical Analysis
NASDAQ:CTSH - Nasdaq - US1924461023 - Common Stock - Currency: USD
Taking everything into account, CTSH scores 2 out of 10 in our technical rating. CTSH has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
CTSH has an average volume of 3588740 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
When compared to the yearly performance of all other stocks, CTSH outperforms 62% of them, which is more or less in line with the market.
CTSH is an average performer in the IT Services industry, it outperforms 62% of 81 stocks in the same industry.
CTSH is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CTSH is lagging the market.
In the last month CTSH has a been trading in the 75.25 - 81.51 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CTSH has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
62.67
85.12
When analyzing the support we can see 5 important areas.
- Support @76.37 from a trend line in the daily time frame.
- Support @70.02 from a trend line in the weekly time frame.
- Support @68.74 from a horizontal line in the weekly time frame.
- Support @66.47 from a horizontal line in the daily time frame.
- Support @63.30 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 77.80 to 79.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 81.44 to 81.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | NEUTRAL | NEUTRAL | The long term trend for CTSH is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CTSH is down. |
| ChartMill Relative Strength | 62.44 | NEUTRAL | CTSH is not amongst the best or worst performers 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) | UP | MIXED | The current price of CTSH is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of CTSH is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.84 | NEUTRAL | The RSI value for CTSH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.37 | NEGATIVE | The MACD value suggests CTSH has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 34.93 | NEUTRAL | The Stochastics value for CTSH is a neutral value. |
| Average True Range in percent/ATR (20) | 1.65 | LOW VOLATILITY | The low ATR as a percentage value for CTSH suggests low volalility. |
| Average Directional Index/ADX (14) | 18.95 | NEGATIVE | The low ADX value for CTSH suggests a weak or negative 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)
77.74
+0.15 (+0.19%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg0.19%
1 Week3.01%
2 Weeks-3.38%
1 Month-3.61%
3 Month2.42%
6 Month-1.84%
12 Month14.32%
2 Year19.09%
3 Year15.19%
5 Year36.82%
10 Year27.25%
15 Year210.59%
Volatility
ATR(14)1.35
ATR(20)%1.65%
ATR Inc-15.68%
Range Today1.31
ADR(20)1.17
ADR(20)%1.51%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS62.44
Mansfield-0.62
10 Day High80.6
10 Day Low75.25
20 Day High81.51
20 Day Low75.25
52 Week High90.82
52 Week Low65.52
CS1 End76.37
CR1 Start77.8
Volume & EV
DER(3)1.25%
DER(5)0.85%
Volume3.97M
Volume Incr3.85%
Vol(5)3.71M
Vol(50)3.59M