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 11/16/2023 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

61%

11%

28%

My opinion

Bullish above 67.26 USD

My targets

69.69 USD (+1.93%)

71.73 USD (+4.91%)

My analysis

The bullish trend is currently very strong on COGNIZANT TECHNOLOGY SOLUTIONS. As long as the price remains above the support at 67.26 USD, you could try to benefit from the boom. The first bullish objective is located at 69.69 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 71.73 USD as an objective. Crossing it would then enable buyers to target 74.65 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.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

7.7

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 68.37 USD. The price registered a decrease of -0.06% on the session and was traded between 68.37 USD and 69.32 USD over the period. The price is currently at 0% from its lowest and -1.37% from its highest.

68.37

69.32

68.37

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of COGNIZANT TECHNOLOGY SOLUTIONS in 1H shows a strongly overall bullish trend. 92.86% 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

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 triangle

Type : Bearish

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	65.15	66.10	67.26	68.37	68.60	69.69	71.73
Change (%)	-4.71%	-3.32%	-1.62%	-	+0.34%	+1.93%	+4.91%
Change	-3.22	-2.27	-1.11	-	+0.23	+1.32	+3.36
Level	Intermediate	Minor	Intermediate	-	Intermediate	Major	Intermediate

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	66.09	66.70	67.56	68.17	69.03	69.64	70.50
Camarilla	68.01	68.14	68.28	68.41	68.55	68.68	68.81
Woodie	66.21	66.76	67.68	68.23	69.15	69.70	70.62
Fibonacci	66.70	67.27	67.61	68.17	68.74	69.08	69.64

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	62.68	63.58	64.77	65.67	66.86	67.76	68.95
Camarilla	65.38	65.57	65.76	65.95	66.14	66.33	66.53
Woodie	62.82	63.65	64.91	65.74	67.00	67.83	69.09
Fibonacci	63.58	64.38	64.88	65.67	66.47	66.97	67.76

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	56.16	59.48	61.97	65.29	67.78	71.10	73.59
Camarilla	62.87	63.41	63.94	64.47	65.00	65.54	66.07
Woodie	55.76	59.27	61.57	65.08	67.38	70.89	73.19
Fibonacci	59.48	61.70	63.07	65.29	67.51	68.88	71.10

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):	66.12
MACD (12,26,9):	0.6600
Directional Movement:	20.34
AROON (14):	64.29
DEMA (21):	68.80
Parabolic SAR (0,02-0,02-0,2):	69.28
Elder Ray (13):	0.24
Super Trend (3,10):	67.69
Zig ZAG (10):	68.46
VORTEX (21):	1.1800
Stochastique (14,3,5):	61.11
TEMA (21):	69.00
Williams %R (14):	-39.91
Chande Momentum Oscillator (20):	1.09
Repulse (5,40,3):	-0.3700
ROCnROLL:	1
TRIX (15,9):	0.1600
Courbe Coppock:	4.37

MA7:	66.57
MA20:	65.40
MA50:	67.26
MA100:	67.78
MAexp7:	68.48
MAexp20:	67.91
MAexp50:	66.89
MAexp100:	66.24
Price / MA7:	+2.70%
Price / MA20:	+4.54%
Price / MA50:	+1.65%
Price / MA100:	+0.87%
Price / MAexp7:	-0.16%
Price / MAexp20:	+0.68%
Price / MAexp50:	+2.21%
Price / MAexp100:	+3.22%

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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