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 11/19/2023 (GMT)

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

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Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

28%

My opinion

Bullish above 66.92 USD

My targets

71.73 USD (+3.16%)

74.65 USD (+7.36%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on COGNIZANT TECHNOLOGY SOLUTIONS as long as the price remains well above 66.92 USD. The buyers' bullish objective is set at 71.73 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 74.65 USD. If there is any crossing, the next objective would be the resistance located at 78.67 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

8.4

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 AMIKOTUN. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The COGNIZANT TECHNOLOGY SOLUTIONS rating is 69.53 USD. The price registered an increase of +1.53% on the session and was traded between 68.78 USD and 69.73 USD over the period. The price is currently at +1.09% from its lowest and -0.29% from its highest.

68.78

69.73

69.53

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

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

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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 this 1H chart of COGNIZANT TECHNOLOGY SOLUTIONS indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

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

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	64.11	65.19	66.92	69.53	69.69	71.73	74.65
Change (%)	-7.80%	-6.24%	-3.75%	-	+0.23%	+3.16%	+7.36%
Change	-5.42	-4.34	-2.61	-	+0.16	+2.20	+5.12
Level	Major	Intermediate	Minor	-	Major	Intermediate	Minor

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	68.01	68.40	68.96	69.35	69.91	70.30	70.86
Camarilla	69.27	69.36	69.44	69.53	69.62	69.70	69.79
Woodie	68.11	68.44	69.06	69.39	70.01	70.34	70.96
Fibonacci	68.40	68.76	68.98	69.35	69.71	69.93	70.30

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	62.28	63.81	66.67	68.20	71.06	72.59	75.45
Camarilla	68.32	68.73	69.13	69.53	69.93	70.34	70.74
Woodie	62.95	64.14	67.34	68.53	71.73	72.92	76.12
Fibonacci	63.81	65.49	66.52	68.20	69.88	70.91	72.59

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 the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	76.54
MACD (12,26,9):	0.6200
Directional Movement:	31.44
AROON (14):	57.14
DEMA (21):	69.48
Parabolic SAR (0,02-0,02-0,2):	68.54
Elder Ray (13):	0.59
Super Trend (3,10):	68.58
Zig ZAG (10):	69.53
VORTEX (21):	1.2000
Stochastique (14,3,5):	90.74
TEMA (21):	69.55
Williams %R (14):	-13.33
Chande Momentum Oscillator (20):	0.80
Repulse (5,40,3):	0.3400
ROCnROLL:	1
TRIX (15,9):	0.1400
Courbe Coppock:	2.11

MA7:	67.15
MA20:	65.59
MA50:	67.22
MA100:	67.84
MAexp7:	69.22
MAexp20:	68.64
MAexp50:	67.55
MAexp100:	66.70
Price / MA7:	+3.54%
Price / MA20:	+6.01%
Price / MA50:	+3.44%
Price / MA100:	+2.49%
Price / MAexp7:	+0.45%
Price / MAexp20:	+1.30%
Price / MAexp50:	+2.93%
Price / MAexp100:	+4.24%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

The latest news and videos published on COGNIZANT TECHNOLOGY SOLUTIONS at the time of the analysis were as follows:

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

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