COGNIZANT TECHNOLOGY SOLUTIONS - 1H - Technical analysis published on 06/04/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
28%
28%
44%
My opinion
Bearish under 66.08 USD
My targets
65.08 USD (-0.85%)
64.36 USD (-1.95%)
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 66.08 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 66.08 USD. The next bearish objective for sellers is set at 65.08 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 64.36 USD. In case of crossing, the next objective would be the support located at 63.32 USD. PS: if there is a bullish break in the resistance located at 66.08 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, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
2.5
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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 price is 65.64 USD. On the day, this instrument lost -0.21% with the lowest point at 65.07 USD and the highest point at 65.99 USD. The deviation from the price is +0.88% for the low point and -0.53% for the high point.65.07
65.99
65.64
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of COGNIZANT TECHNOLOGY SOLUTIONS in 1H shows an overall bearish trend. 71.43% 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
On the 18 technical indicators analysed, 5 are bullish, 8 are neutral and 5 are bearish. The Central Indicators scanner found no further results concerning independent technical indicators.
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 63.32 | 64.36 | 65.08 | 65.64 | 66.08 | 67.49 | 68.83 |
| Change (%) | -3.53% | -1.95% | -0.85% | - | +0.67% | +2.82% | +4.86% |
| Change | -2.32 | -1.28 | -0.56 | - | +0.44 | +1.85 | +3.19 |
| Level | Major | Minor | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 63.97 | 64.53 | 65.16 | 65.72 | 66.35 | 66.91 | 67.54 |
| Camarilla | 65.45 | 65.56 | 65.67 | 65.78 | 65.89 | 66.00 | 66.11 |
| Woodie | 64.00 | 64.55 | 65.19 | 65.74 | 66.38 | 66.93 | 67.57 |
| Fibonacci | 64.53 | 64.99 | 65.27 | 65.72 | 66.18 | 66.46 | 66.91 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 60.39 | 62.38 | 64.26 | 66.25 | 68.13 | 70.12 | 72.00 |
| Camarilla | 65.09 | 65.44 | 65.80 | 66.15 | 66.51 | 66.86 | 67.21 |
| Woodie | 60.35 | 62.35 | 64.22 | 66.22 | 68.09 | 70.09 | 71.96 |
| Fibonacci | 62.38 | 63.86 | 64.77 | 66.25 | 67.73 | 68.64 | 70.12 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 57.47 | 60.92 | 63.53 | 66.98 | 69.59 | 73.04 | 75.65 |
| Camarilla | 64.48 | 65.04 | 65.60 | 66.15 | 66.71 | 67.26 | 67.82 |
| Woodie | 57.06 | 60.71 | 63.12 | 66.77 | 69.18 | 72.83 | 75.24 |
| Fibonacci | 60.92 | 63.23 | 64.66 | 66.98 | 69.29 | 70.72 | 73.04 |
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): | 49.41 | |
| MACD (12,26,9): | -0.1300 | |
| Directional Movement: | 6.73 | |
| AROON (14): | 14.29 | |
| DEMA (21): | 65.29 | |
| Parabolic SAR (0,02-0,02-0,2): | 66.17 | |
| Elder Ray (13): | 0 | |
| Super Trend (3,10): | 64.42 | |
| Zig ZAG (10): | 65.62 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 45.45 | |
| TEMA (21): | 65.60 | |
| Williams %R (14): | -56.56 | |
| Chande Momentum Oscillator (20): | -0.02 | |
| Repulse (5,40,3): | 0.3200 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0500 | |
| Courbe Coppock: | 1.50 |
| MA7: | 66.23 | |
| MA20: | 67.50 | |
| MA50: | 68.30 | |
| MA100: | 72.45 | |
| MAexp7: | 65.55 | |
| MAexp20: | 65.56 | |
| MAexp50: | 66.18 | |
| MAexp100: | 66.80 | |
| Price / MA7: | -0.89% | |
| Price / MA20: | -2.76% | |
| Price / MA50: | -3.89% | |
| Price / MA100: | -9.40% | |
| Price / MAexp7: | +0.14% | |
| Price / MAexp20: | +0.12% | |
| Price / MAexp50: | -0.82% | |
| Price / MAexp100: | -1.74% |
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:
-
Biden is not cognizant of the fact that Trump will wipe the floor with him: Piro #shorts
- Cognizant to Present at Upcoming Conferences
- COGNIZANT REPORTS FIRST QUARTER 2024 RESULTS
- Cognizant enters into a strategic partnership with Telstra to elevate software engineering capabilities and enhance customer experience
- Cognizant enters into a strategic partnership with Telstra to elevate software engineering capabilities and enhance customer experience
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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