COGNIZANT TECHNOLOGY SOLUTIONS

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- 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 10/05/2023 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

61%

33%

My opinion

Bearish under 68.97 USD

My targets

66.91 USD (-0.92%)

64.11 USD (-5.06%)

My analysis

Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 68.97 USD remains possible. It is advisable to trade COGNIZANT TECHNOLOGY SOLUTIONS with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 68.97 USD. The next bearish objective for sellers is set at 66.91 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 64.11 USD. In case of crossing, the next objective would be the support located at 61.08 USD. PS: if there is a bullish break in the resistance located at 68.97 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.

Force

1.4

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 67.53 USD. The price is lower by -0.02% since the last closing and was between 66.75 USD and 67.70 USD. This implies that the price is at +1.17% from its lowest and at -0.25% from its highest.

66.75

67.70

67.53

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

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 result:

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of COGNIZANT TECHNOLOGY SOLUTIONS in 1H shows an overall bearish trend. 75.00% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 11 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	61.08	64.11	66.91	67.53	67.55	68.97	69.69
Change (%)	-9.55%	-5.06%	-0.92%	-	+0.03%	+2.13%	+3.20%
Change	-6.45	-3.42	-0.62	-	+0.02	+1.44	+2.16
Level	Major	Major	Intermediate	-	Minor	Minor	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	66.34	66.62	67.08	67.36	67.82	68.10	68.56
Camarilla	67.34	67.40	67.47	67.54	67.61	67.68	67.74
Woodie	66.43	66.67	67.17	67.41	67.91	68.15	68.65
Fibonacci	66.62	66.90	67.08	67.36	67.64	67.82	68.10

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	63.80	65.43	66.59	68.22	69.38	71.01	72.17
Camarilla	66.97	67.23	67.48	67.74	68.00	68.25	68.51
Woodie	63.56	65.31	66.35	68.10	69.14	70.89	71.93
Fibonacci	65.43	66.50	67.16	68.22	69.29	69.95	71.01

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	60.46	63.77	65.75	69.06	71.04	74.35	76.33
Camarilla	66.29	66.77	67.26	67.74	68.23	68.71	69.20
Woodie	59.81	63.44	65.10	68.73	70.39	74.02	75.68
Fibonacci	63.77	65.79	67.04	69.06	71.08	72.33	74.35

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	52.26
MACD (12,26,9):	-0.0900
Directional Movement:	-1.96
AROON (14):	21.43
DEMA (21):	67.22
Parabolic SAR (0,02-0,02-0,2):	66.77
Elder Ray (13):	0.25
Super Trend (3,10):	68.16
Zig ZAG (10):	67.58
VORTEX (21):	0.9900
Stochastique (14,3,5):	81.63
TEMA (21):	67.36
Williams %R (14):	-15.26
Chande Momentum Oscillator (20):	0.27
Repulse (5,40,3):	0.2500
ROCnROLL:	-1
TRIX (15,9):	-0.0300
Courbe Coppock:	0.16

MA7:	67.70
MA20:	69.28
MA50:	69.42
MA100:	66.81
MAexp7:	67.38
MAexp20:	67.38
MAexp50:	67.80
MAexp100:	68.49
Price / MA7:	-0.25%
Price / MA20:	-2.53%
Price / MA50:	-2.72%
Price / MA100:	+1.08%
Price / MAexp7:	+0.22%
Price / MAexp20:	+0.22%
Price / MAexp50:	-0.40%
Price / MAexp100:	-1.40%

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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