COGNIZANT TECHNOLOGY SOLUTIONS

- USD (-)

- 15 min delayed data - NASDAQ Stocks

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Type:	Stocks
Ticker:	CTSH
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COGNIZANT TECHNOLOGY SOLUTIONS - 1H - Technical analysis published on 09/21/2023 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

17%

50%

33%

My opinion

Bearish under 70.05 USD

My targets

68.59 USD (-1.12%)

68.16 USD (-1.74%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on COGNIZANT TECHNOLOGY SOLUTIONS as long as the price remains well below 70.05 USD. The sellers' bearish objective is set at 68.59 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 68.16 USD. In case of crossing, the next objective would be the support located at 64.11 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.

Force

7.1

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

COGNIZANT TECHNOLOGY SOLUTIONS rating 69.37 USD. The price registered a decrease of -0.20% on the session and was between 68.97 USD and 69.59 USD. This implies that the price is at +0.58% from its lowest and at -0.32% from its highest.

68.97

69.59

69.37

A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.

Opening Gap DOWN

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of COGNIZANT TECHNOLOGY SOLUTIONS in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The probability of a further decline is low given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near support of channel

Type : Bullish

Timeframe : 1 hour

The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Bearish harami

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	68.16	68.59	69.04	69.37	69.69	70.05	70.94
Change (%)	-1.74%	-1.12%	-0.48%	-	+0.46%	+0.98%	+2.26%
Change	-1.21	-0.78	-0.33	-	+0.32	+0.68	+1.57
Level	Intermediate	Minor	Major	-	Major	Minor	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	67.13	68.30	68.91	70.08	70.69	71.86	72.47
Camarilla	69.02	69.18	69.35	69.51	69.67	69.84	70.00
Woodie	66.84	68.16	68.62	69.94	70.40	71.72	72.18
Fibonacci	68.30	68.98	69.40	70.08	70.76	71.18	71.86

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	67.37	68.62	69.40	70.65	71.43	72.68	73.46
Camarilla	69.61	69.80	69.98	70.17	70.36	70.54	70.73
Woodie	67.13	68.50	69.16	70.53	71.19	72.56	73.22
Fibonacci	68.62	69.40	69.88	70.65	71.43	71.91	72.68

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	58.55	61.48	66.54	69.47	74.53	77.46	82.52
Camarilla	69.41	70.15	70.88	71.61	72.34	73.08	73.81
Woodie	59.63	62.01	67.62	70.00	75.61	77.99	83.60
Fibonacci	61.48	64.53	66.41	69.47	72.52	74.40	77.46

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):	39.81
MACD (12,26,9):	-0.2700
Directional Movement:	-14.27
AROON (14):	-50.00
DEMA (21):	69.63
Parabolic SAR (0,02-0,02-0,2):	70.88
Elder Ray (13):	-0.39
Super Trend (3,10):	70.37
Zig ZAG (10):	69.38
VORTEX (21):	0.8400
Stochastique (14,3,5):	16.23
TEMA (21):	69.51
Williams %R (14):	-81.22
Chande Momentum Oscillator (20):	-0.59
Repulse (5,40,3):	-0.0600
ROCnROLL:	2
TRIX (15,9):	-0.0300
Courbe Coppock:	0.78

MA7:	70.15
MA20:	70.72
MA50:	69.32
MA100:	66.07
MAexp7:	69.58
MAexp20:	69.95
MAexp50:	70.30
MAexp100:	70.47
Price / MA7:	-1.11%
Price / MA20:	-1.91%
Price / MA50:	+0.07%
Price / MA100:	+4.99%
Price / MAexp7:	-0.30%
Price / MAexp20:	-0.83%
Price / MAexp50:	-1.32%
Price / MAexp100:	-1.56%

Quotes : - 15 min delayed data - 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:

This member declared not having a position on this financial instrument or a related financial instrument.

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