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COGNIZANT TECHNOLOGY SOLUTIONS
COGNIZANT TECHNOLOGY SOLUTIONS
- USD (-)
- 15 min delayed data - NASDAQ Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: CTSH
ISIN:

COGNIZANT TECHNOLOGY SOLUTIONS - 1H - Technical analysis published on 12/21/2023 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Slightly bullish
Technical indicators
17%
56%
28%
My opinion
Bearish under 74.93 USD
My targets
71.40 USD (-3.54%)
69.39 USD (-6.26%)
My analysis
The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for COGNIZANT TECHNOLOGY SOLUTIONS as long as the price remains well below 74.93 USD. The next bearish objective for sellers is set at 71.40 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 69.39 USD. In case of crossing, the next objective would be the support located at 67.94 USD. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 71.40 USD. With this support, against the trend traders who want to buy COGNIZANT TECHNOLOGY SOLUTIONS on a buy signal from their trading strategy should not hesitate to act.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
1.6

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.

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15 min. Daily Weekly

Additional analysis

Quotes

COGNIZANT TECHNOLOGY SOLUTIONS rating 74.02 USD. The price registered a decrease of -0.01% on the session and was traded between 73.63 USD and 74.77 USD over the period. The price is currently at +0.53% from its lowest and -1.00% from its highest.

73.63
74.77
74.02

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.

Central Gaps

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:

Central Records

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 an overall slightly bullish trend. 57.14% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently given by short-term moving averages indicate that a trend reversal may be taking place. There is no crossing of moving average by the price or crossing of moving averages between themselves.

Technical indicators are bearish. There is still some doubt about the decline in the price.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Price is back under the pivot point

Type : Bearish

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:

Central Patterns

Support of channel is broken

Type : Bearish

Timeframe : 1 hour



There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 67.94 69.39 71.40 74.02 74.93 76.81 78.33
Change (%) -8.21% -6.26% -3.54% - +1.23% +3.77% +5.82%
Change -6.08 -4.63 -2.62 - +0.91 +2.79 +4.31
Level Minor Major Major - Minor Intermediate Major



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
Standard72.0473.0373.5374.5275.0276.0176.51
Camarilla73.6273.7673.8974.0374.1774.3074.44
Woodie71.8072.9173.2974.4074.7875.8976.27
Fibonacci73.0373.6073.9574.5275.0975.4476.01


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard65.9468.1872.1774.4178.4080.6484.63
Camarilla74.4675.0375.6076.1776.7477.3177.88
Woodie66.8368.6273.0674.8579.2981.0885.52
Fibonacci68.1870.5672.0374.4176.7978.2680.64


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard54.3058.0964.2368.0274.1677.9584.09
Camarilla67.6568.5669.4770.3871.2972.2073.11
Woodie55.4958.6865.4268.6175.3578.5485.28
Fibonacci58.0961.8864.2268.0271.8174.1577.95

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): 34.60
MACD (12,26,9): -0.3100
Directional Movement: -13.86
AROON (14): -85.71
DEMA (21): 74.32
Parabolic SAR (0,02-0,02-0,2): 74.34
Elder Ray (13): -0.38
Super Trend (3,10): 75.06
Zig ZAG (10): 73.97
VORTEX (21): 0.7700
Stochastique (14,3,5): 14.90
TEMA (21): 73.68
Williams %R (14): -81.31
Chande Momentum Oscillator (20): -1.08
Repulse (5,40,3): -0.2300
ROCnROLL: 2
TRIX (15,9): -0.0300
Courbe Coppock: 4.12
MA7: 74.77
MA20: 72.19
MA50: 68.43
MA100: 68.87
MAexp7: 74.09
MAexp20: 74.58
MAexp50: 74.28
MAexp100: 73.11
Price / MA7: -1.00%
Price / MA20: +2.53%
Price / MA50: +8.17%
Price / MA100: +7.48%
Price / MAexp7: -0.09%
Price / MAexp20: -0.75%
Price / MAexp50: -0.35%
Price / MAexp100: +1.24%

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.

About author

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