COGNIZANT TECHNOLOGY SOLUTIONS
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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 10/23/2024 (GMT)
- 143
- 0
- 10/23/2024 - 20:00
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on 10/23/2024 - 20:00
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
61%
11%
My opinion
Bearish under 76.52 USD
My targets
74.53 USD (-1.65%)
69.76 USD (-7.94%)
My analysis
All elements being clearly 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 76.52 USD. The sellers' bearish objective is set at 74.53 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 69.76 USD. In case of crossing, the next objective would be the support located at 68.57 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.8
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 Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
COGNIZANT TECHNOLOGY SOLUTIONS rating 75.78 USD. The price is lower by -0.05% since the last closing and was traded between 75.41 USD and 76.25 USD over the period. The price is currently at +0.49% from its lowest and -0.62% from its highest.75.41
76.25
75.78
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 HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this COGNIZANT TECHNOLOGY SOLUTIONS chart shows a sharp bearish trend. The signals given by moving averages are 89.29% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
On the 18 technical indicators analysed, 5 are bullish, 2 are neutral and 11 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 69.76 | 74.53 | 75.62 | 75.78 | 76.52 | 76.88 | 77.40 |
| Change (%) | -7.94% | -1.65% | -0.21% | - | +0.98% | +1.45% | +2.14% |
| Change | -6.02 | -1.25 | -0.16 | - | +0.74 | +1.10 | +1.62 |
| Level | Minor | Major | Intermediate | - | Minor | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 74.30 | 74.98 | 75.40 | 76.08 | 76.50 | 77.18 | 77.60 |
| Camarilla | 75.52 | 75.62 | 75.72 | 75.82 | 75.92 | 76.02 | 76.12 |
| Woodie | 74.17 | 74.92 | 75.27 | 76.02 | 76.37 | 77.12 | 77.47 |
| Fibonacci | 74.98 | 75.40 | 75.66 | 76.08 | 76.50 | 76.76 | 77.18 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 74.58 | 75.29 | 76.64 | 77.35 | 78.70 | 79.41 | 80.76 |
| Camarilla | 77.43 | 77.62 | 77.81 | 78.00 | 78.19 | 78.38 | 78.57 |
| Woodie | 74.91 | 75.45 | 76.97 | 77.51 | 79.03 | 79.57 | 81.09 |
| Fibonacci | 75.29 | 76.07 | 76.56 | 77.35 | 78.13 | 78.62 | 79.41 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 71.69 | 73.23 | 75.20 | 76.74 | 78.71 | 80.25 | 82.22 |
| Camarilla | 76.22 | 76.54 | 76.86 | 77.18 | 77.50 | 77.82 | 78.15 |
| Woodie | 71.92 | 73.34 | 75.43 | 76.85 | 78.94 | 80.36 | 82.45 |
| Fibonacci | 73.23 | 74.57 | 75.40 | 76.74 | 78.08 | 78.91 | 80.25 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 34.93 | |
| MACD (12,26,9): | -0.4200 | |
| Directional Movement: | -23.47 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 75.67 | |
| Parabolic SAR (0,02-0,02-0,2): | 76.07 | |
| Elder Ray (13): | -0.36 | |
| Super Trend (3,10): | 76.68 | |
| Zig ZAG (10): | 75.67 | |
| VORTEX (21): | 0.7000 | |
| Stochastique (14,3,5): | 13.17 | |
| TEMA (21): | 75.36 | |
| Williams %R (14): | -83.70 | |
| Chande Momentum Oscillator (20): | -0.13 | |
| Repulse (5,40,3): | 0.0300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0800 | |
| Courbe Coppock: | 3.33 |
| MA7: | 77.01 | |
| MA20: | 76.65 | |
| MA50: | 76.43 | |
| MA100: | 73.23 | |
| MAexp7: | 75.75 | |
| MAexp20: | 76.19 | |
| MAexp50: | 76.58 | |
| MAexp100: | 76.60 | |
| Price / MA7: | -1.60% | |
| Price / MA20: | -1.14% | |
| Price / MA50: | -0.85% | |
| Price / MA100: | +3.48% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | -0.54% | |
| Price / MAexp50: | -1.04% | |
| Price / MAexp100: | -1.07% |
Quotes :
10/23/2024 - 19:44
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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:
- 10/23/2024 - 12:00 FCCI Collaborated with Cognizant to Create New Excess & Surplus Insurance Lines of Business
- 10/17/2024 - 12:00 Cognizant Named One of America's Greenest Companies 2025 by Newsweek
- 10/16/2024 - 13:30 Introducing Cognizant Neuro® Cybersecurity: AI-Powered Cybersecurity Platform to Orchestrate Action and Elevate Enterprise Cybersecurity Posture
- 10/16/2024 - 13:00 du partners with Cognizant to elevate digital Telecommunications excellence
- 10/16/2024 - 13:00 du partners with Cognizant to elevate digital Telecommunications excellence
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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