COGNIZANT TECHNOLOGY SOLUTIONS - 1H - Technical analysis published on 02/21/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 78.03 USD
My targets
75.88 USD (-1.11%)
74.92 USD (-2.36%)
My analysis
All elements being rather 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 78.03 USD. The next bearish objective for sellers is set at 75.88 USD. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 74.92 USD. If there is any crossing, the next objective would be the support located at 72.46 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
4.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The COGNIZANT TECHNOLOGY SOLUTIONS rating is 76.73 USD. The price registered a decrease of -0.01% on the session and was traded between 76.12 USD and 76.79 USD over the period. The price is currently at +0.80% from its lowest and -0.08% from its highest.76.12
76.79
76.73
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by COGNIZANT TECHNOLOGY SOLUTIONS:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
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 bearish trend. 67.86% of the signals given by moving averages are bearish. The overall trend seems to be showing some signs of weakness, as do the tentative bearish 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, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 5 are neutral and 9 are bearish. The Central Indicators scanner found no further results concerning independent technical indicators.
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Three white soldiers
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 72.46 | 74.92 | 75.88 | 76.73 | 78.03 | 78.61 | 81.80 |
| Change (%) | -5.56% | -2.36% | -1.11% | - | +1.69% | +2.45% | +6.61% |
| Change | -4.27 | -1.81 | -0.85 | - | +1.30 | +1.88 | +5.07 |
| Level | Minor | Intermediate | Intermediate | - | Major | Intermediate | Minor |
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 | 75.24 | 75.80 | 76.27 | 76.83 | 77.30 | 77.86 | 78.33 |
| Camarilla | 76.46 | 76.55 | 76.65 | 76.74 | 76.83 | 76.93 | 77.02 |
| Woodie | 75.20 | 75.78 | 76.23 | 76.81 | 77.26 | 77.84 | 78.29 |
| Fibonacci | 75.80 | 76.19 | 76.44 | 76.83 | 77.22 | 77.47 | 77.86 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 71.79 | 73.15 | 75.07 | 76.43 | 78.35 | 79.71 | 81.63 |
| Camarilla | 76.10 | 76.40 | 76.70 | 77.00 | 77.30 | 77.60 | 77.90 |
| Woodie | 72.08 | 73.29 | 75.36 | 76.57 | 78.64 | 79.85 | 81.92 |
| Fibonacci | 73.15 | 74.40 | 75.17 | 76.43 | 77.68 | 78.45 | 79.71 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 67.11 | 69.76 | 73.29 | 75.94 | 79.47 | 82.12 | 85.65 |
| Camarilla | 75.12 | 75.69 | 76.25 | 76.82 | 77.39 | 77.95 | 78.52 |
| Woodie | 67.55 | 69.98 | 73.73 | 76.16 | 79.91 | 82.34 | 86.09 |
| Fibonacci | 69.76 | 72.12 | 73.58 | 75.94 | 78.30 | 79.76 | 82.12 |
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): | 48.03 | |
| MACD (12,26,9): | -0.0100 | |
| Directional Movement: | -8.75 | |
| AROON (14): | -64.28 | |
| DEMA (21): | 76.91 | |
| Parabolic SAR (0,02-0,02-0,2): | 77.04 | |
| Elder Ray (13): | -0.16 | |
| Super Trend (3,10): | 76.36 | |
| Zig ZAG (10): | 76.76 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 34.17 | |
| TEMA (21): | 76.82 | |
| Williams %R (14): | -62.89 | |
| Chande Momentum Oscillator (20): | -0.97 | |
| Repulse (5,40,3): | 0.5500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 2.05 |
| MA7: | 76.58 | |
| MA20: | 77.14 | |
| MA50: | 75.52 | |
| MA100: | 71.22 | |
| MAexp7: | 76.75 | |
| MAexp20: | 76.87 | |
| MAexp50: | 76.84 | |
| MAexp100: | 76.81 | |
| Price / MA7: | +0.20% | |
| Price / MA20: | -0.53% | |
| Price / MA50: | +1.60% | |
| Price / MA100: | +7.74% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | -0.18% | |
| Price / MAexp50: | -0.14% | |
| Price / MAexp100: | -0.10% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The latest news and videos published on COGNIZANT TECHNOLOGY SOLUTIONS at the time of the analysis were as follows:
- COGNIZANT REPORTS FOURTH QUARTER AND FULL-YEAR 2023 RESULTS
- Announcing Cognizant Flowsource™, a generative AI-enabled platform for powering modern engineering
- Announcing Cognizant Flowsource™, a generative AI-enabled platform for powering modern engineering
- Announcing Cognizant Flowsource™, a generative AI-enabled platform for powering modern engineering
- Cognizant Implements Amazon's Just Walk Out Technology for Canberra Institute of Technology Student Association
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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