Taking everything into account, CTSH scores 6 out of 10 in our technical rating. In the last year, CTSH was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- CTSH is part of the IT Services industry. There are 88 other stocks in this industry. CTSH outperforms 74% of them.
- CTSH has an average volume of 4622430 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, CTSH outperforms 57% of them, which is more or less in line with the market.
- 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 80.52 - 87.03 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, CTSH does present a nice setup opportunity. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 82.44, a Stop Loss order could be placed below this zone.
More info and screens
63.62
When analyzing the support we can see 2 important areas.
- A support zone ranging from 80.91 to 82.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @64.26 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 84.06 to 85.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | NEUTRAL | NEUTRAL | The short term trend for CTSH is neutral. |
| ChartMill Relative Strength | 57.9 | 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 | 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) | 45.96 | NEUTRAL | The RSI value for CTSH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.41 | NEGATIVE | The MACD value suggests CTSH has a negative trend. |
| Stochastics (14,3) | 30.94 | NEUTRAL | The Stochastics value for CTSH is a neutral value. |
| Average True Range in percent/ATR (20) | 2.5 | MEDIUM VOLATILITY | The ATR as a percentage value for CTSH suggests some volalility. |
| Average Directional Index/ADX (14) | 18.68 | NEGATIVE | The low ADX value for CTSH suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 84.07 | 81.63 | 2.44 (2.90%) | 25.00% |
| An entry @84.07. This is a Buy Stop order right above the 10 day moving average. | An exit @81.63. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.44 points, which is 2.90%. | For a 0.73% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of CTSH. Please evaluate whether better entry and exit points can be found.
- 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.
82.45
-0.85 (-1.02%)
COGNIZANT TECH SOLUTIONS-A / CTSH FAQ
What is the ChartMill technical rating of COGNIZANT TECH SOLUTIONS-A (CTSH) stock?
ChartMill assigns a technical rating of 6 / 10 to CTSH.
What is the current trend direction of COGNIZANT TECH SOLUTIONS-A (CTSH) stock?
The current trend direction for COGNIZANT TECH SOLUTIONS-A (CTSH) is Bullish.
Can you provide the RSI signal for COGNIZANT TECH SOLUTIONS-A?
COGNIZANT TECH SOLUTIONS-A (CTSH) has an RSI value of 45.9556. This indicates that the stock is currently neutral.
What is the MACD signal for COGNIZANT TECH SOLUTIONS-A (CTSH) stock?
The MACD indicator for COGNIZANT TECH SOLUTIONS-A (CTSH) has a value of -0.414939, indicating a bearish trend.
What is the support and resistance level for CTSH stock?
COGNIZANT TECH SOLUTIONS-A (CTSH) has a support level at 82.44 and a resistance level at 84.06. Check the full technical report for our detailed analysis of CTSH support and resistance levels.