COGNIZANT TECHNOLOGY SOLUTIONS - 1H - Technical analysis published on 07/22/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
11%
22%
My opinion
Bullish above 67.71 USD
My targets
69.46 USD (+0.74%)
70.65 USD (+2.47%)
My analysis
The bullish trend is currently very strong on COGNIZANT TECHNOLOGY SOLUTIONS. As long as the price remains above the support at 67.71 USD, you could try to benefit from the boom. The first bullish objective is located at 69.46 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 70.65 USD as an objective. Crossing it would then enable buyers to target 71.37 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.5
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The COGNIZANT TECHNOLOGY SOLUTIONS price is 68.95 USD. On the day, this instrument lost -0.04% with the lowest point at 68.79 USD and the highest point at 69.58 USD. The deviation from the price is +0.23% for the low point and -0.91% for the high point.68.79
69.58
68.95
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this COGNIZANT TECHNOLOGY SOLUTIONS chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase are moderate given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 65.64 | 67.71 | 68.64 | 68.95 | 69.46 | 70.65 | 71.37 |
| Change (%) | -4.80% | -1.80% | -0.45% | - | +0.74% | +2.47% | +3.51% |
| Change | -3.31 | -1.24 | -0.31 | - | +0.51 | +1.70 | +2.42 |
| Level | Major | Minor | Intermediate | - | Minor | Intermediate | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 67.19 | 67.56 | 68.27 | 68.64 | 69.35 | 69.72 | 70.43 |
| Camarilla | 68.68 | 68.78 | 68.88 | 68.98 | 69.08 | 69.18 | 69.28 |
| Woodie | 67.36 | 67.65 | 68.44 | 68.73 | 69.52 | 69.81 | 70.60 |
| Fibonacci | 67.56 | 67.97 | 68.23 | 68.64 | 69.05 | 69.31 | 69.72 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 60.70 | 61.98 | 63.92 | 65.20 | 67.14 | 68.42 | 70.36 |
| Camarilla | 64.98 | 65.27 | 65.57 | 65.86 | 66.16 | 66.45 | 66.75 |
| Woodie | 61.03 | 62.15 | 64.25 | 65.37 | 67.47 | 68.59 | 70.69 |
| Fibonacci | 61.98 | 63.21 | 63.97 | 65.20 | 66.43 | 67.19 | 68.42 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 53.19 | 59.22 | 63.35 | 69.38 | 73.51 | 79.54 | 83.67 |
| Camarilla | 64.70 | 65.63 | 66.56 | 67.49 | 68.42 | 69.35 | 70.28 |
| Woodie | 52.25 | 58.75 | 62.41 | 68.91 | 72.57 | 79.07 | 82.73 |
| Fibonacci | 59.22 | 63.10 | 65.50 | 69.38 | 73.26 | 75.66 | 79.54 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 65.95 | |
| MACD (12,26,9): | 0.7200 | |
| Directional Movement: | 19.80 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 69.30 | |
| Parabolic SAR (0,02-0,02-0,2): | 69.58 | |
| Elder Ray (13): | 0.29 | |
| Super Trend (3,10): | 68.05 | |
| Zig ZAG (10): | 68.95 | |
| VORTEX (21): | 1.2500 | |
| Stochastique (14,3,5): | 75.24 | |
| TEMA (21): | 69.50 | |
| Williams %R (14): | -35.64 | |
| Chande Momentum Oscillator (20): | 0.82 | |
| Repulse (5,40,3): | -0.3300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1600 | |
| Courbe Coppock: | 3.84 |
| MA7: | 66.99 | |
| MA20: | 67.37 | |
| MA50: | 69.70 | |
| MA100: | 77.89 | |
| MAexp7: | 69.01 | |
| MAexp20: | 68.33 | |
| MAexp50: | 67.35 | |
| MAexp100: | 67.21 | |
| Price / MA7: | +2.93% | |
| Price / MA20: | +2.35% | |
| Price / MA50: | -1.08% | |
| Price / MA100: | -11.48% | |
| Price / MAexp7: | -0.09% | |
| Price / MAexp20: | +0.91% | |
| Price / MAexp50: | +2.38% | |
| Price / MAexp100: | +2.59% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
Don't forget to follow the news on COGNIZANT TECHNOLOGY SOLUTIONS. At the time of publication of this analysis, the latest news was as follows:
- Cognizant Teams Up with Organon to Speed Delivery of Pharmaceutical Products and Improve Women's Healthcare
- Cognizant Schedules Second Quarter 2022 Earnings Release and Conference Call
- Cognizant Wins Multi-Year Contract from National Insurance Company to Accelerate Digital Transformation
- Cognizant Wins Multi-Year Contract from National Insurance Company to Accelerate Digital Transformation
- Cognizant Wins Multi-Year Contract from National Insurance Company to Accelerate Digital Transformation
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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