COGNIZANT TECHNOLOGY SOLUTIONS - 1H - Technical analysis published on 09/19/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 75.79 USD
My targets
74.47 USD (-1.15%)
73.58 USD (-2.34%)
My analysis
The bearish trend is currently very strong for COGNIZANT TECHNOLOGY SOLUTIONS. As long as the price remains below the resistance at 75.79 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 74.47 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 73.58 USD as an objective. Crossing it would then enable sellers to target 72.82 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
7.7
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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 75.34 USD. The price is lower by -0.01% since the last closing and was traded between 75.22 USD and 76.53 USD over the period. The price is currently at +0.16% from its lowest and -1.55% from its highest.75.22
76.53
75.34
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
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:
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 this 1H chart of COGNIZANT TECHNOLOGY SOLUTIONS indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Moving Average bearish crossovers : MA20 & MA50
Type : Bearish
Timeframe : 1 hour
Moving Average bearish crossovers : AMA20 & AMA50
Type : Bearish
Timeframe : 1 hour
In fact, 12 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
Black hanging man / hammer
Type : Neutral
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 | 72.82 | 73.58 | 74.47 | 75.34 | 75.35 | 75.79 | 76.40 |
| Change (%) | -3.34% | -2.34% | -1.15% | - | +0.01% | +0.60% | +1.41% |
| Change | -2.52 | -1.76 | -0.87 | - | +0.01 | +0.45 | +1.06 |
| Level | Minor | Minor | Major | - | Minor | 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 | 73.86 | 74.52 | 74.94 | 75.60 | 76.02 | 76.68 | 77.10 |
| Camarilla | 75.05 | 75.15 | 75.25 | 75.35 | 75.45 | 75.55 | 75.65 |
| Woodie | 73.73 | 74.46 | 74.81 | 75.54 | 75.89 | 76.62 | 76.97 |
| Fibonacci | 74.52 | 74.94 | 75.19 | 75.60 | 76.02 | 76.27 | 76.68 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 72.99 | 73.88 | 75.54 | 76.43 | 78.09 | 78.98 | 80.64 |
| Camarilla | 76.51 | 76.74 | 76.98 | 77.21 | 77.44 | 77.68 | 77.91 |
| Woodie | 73.39 | 74.07 | 75.94 | 76.62 | 78.49 | 79.17 | 81.04 |
| Fibonacci | 73.88 | 74.85 | 75.45 | 76.43 | 77.40 | 78.00 | 78.98 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 64.03 | 67.66 | 72.71 | 76.34 | 81.39 | 85.02 | 90.07 |
| Camarilla | 75.38 | 76.18 | 76.97 | 77.77 | 78.57 | 79.36 | 80.16 |
| Woodie | 64.75 | 68.02 | 73.43 | 76.70 | 82.11 | 85.38 | 90.79 |
| Fibonacci | 67.66 | 70.97 | 73.02 | 76.34 | 79.65 | 81.70 | 85.02 |
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): | 36.59 | |
| MACD (12,26,9): | -0.3700 | |
| Directional Movement: | -0.05 | |
| AROON (14): | -85.71 | |
| DEMA (21): | 75.62 | |
| Parabolic SAR (0,02-0,02-0,2): | 76.59 | |
| Elder Ray (13): | -0.28 | |
| Super Trend (3,10): | 77.00 | |
| Zig ZAG (10): | 75.31 | |
| VORTEX (21): | 0.8400 | |
| Stochastique (14,3,5): | 7.17 | |
| TEMA (21): | 75.29 | |
| Williams %R (14): | -91.72 | |
| Chande Momentum Oscillator (20): | -0.61 | |
| Repulse (5,40,3): | -2.0500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0500 | |
| Courbe Coppock: | 4.09 |
| MA7: | 76.35 | |
| MA20: | 76.63 | |
| MA50: | 75.01 | |
| MA100: | 70.94 | |
| MAexp7: | 75.47 | |
| MAexp20: | 76.03 | |
| MAexp50: | 76.34 | |
| MAexp100: | 76.38 | |
| Price / MA7: | -1.32% | |
| Price / MA20: | -1.68% | |
| Price / MA50: | +0.44% | |
| Price / MA100: | +6.20% | |
| Price / MAexp7: | -0.17% | |
| Price / MAexp20: | -0.91% | |
| Price / MAexp50: | -1.31% | |
| Price / MAexp100: | -1.36% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The last news published on COGNIZANT TECHNOLOGY SOLUTIONS at the time of the generation of this analysis was as follows:
- mecwacare selects Cognizant as strategic delivery partner to launch revolutionary digital transformation program
- mecwacare selects Cognizant as strategic delivery partner to launch revolutionary digital transformation program
- England and Wales Cricket Board selects Cognizant as Official Digital Technology Transformation Partner to reimagine the recreational cricket experience through technology
- England and Wales Cricket Board selects Cognizant as Official Digital Technology Transformation Partner to reimagine the recreational cricket experience through technology
- Cognizant partners with KOMBIT to transform public service application testing in Denmark
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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