COGNIZANT TECHNOLOGY SOLUTIONS - 1H - Technical analysis published on 01/02/2025 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
39%
28%
My opinion
Bearish under 78.24 USD
My targets
75.63 USD (-1.45%)
74.11 USD (-3.43%)
My analysis
COGNIZANT TECHNOLOGY SOLUTIONS is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 78.24 USD. The next support located at 75.63 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 74.11 USD. Below this support, sellers could then target 69.49 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.3
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Additional analysis
Quotes
The COGNIZANT TECHNOLOGY SOLUTIONS price is 76.74 USD. On the day, this instrument lost -0.21% with the lowest point at 76.44 USD and the highest point at 77.86 USD. The deviation from the price is +0.39% for the low point and -1.44% for the high point.76.44
77.86
76.74
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
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
A technical analysis in 1H of this COGNIZANT TECHNOLOGY SOLUTIONS chart shows a sharp bearish trend. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
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 3
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish doji star
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 69.49 | 74.11 | 75.63 | 76.74 | 77.10 | 78.24 | 80.02 |
| Change (%) | -9.45% | -3.43% | -1.45% | - | +0.47% | +1.95% | +4.27% |
| Change | -7.25 | -2.63 | -1.11 | - | +0.36 | +1.50 | +3.28 |
| Level | Minor | Major | Intermediate | - | Major | Minor | Intermediate |
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 | 75.38 | 75.86 | 76.38 | 76.86 | 77.38 | 77.86 | 78.38 |
| Camarilla | 76.63 | 76.72 | 76.81 | 76.90 | 76.99 | 77.08 | 77.18 |
| Woodie | 75.40 | 75.87 | 76.40 | 76.87 | 77.40 | 77.87 | 78.40 |
| Fibonacci | 75.86 | 76.24 | 76.48 | 76.86 | 77.24 | 77.48 | 77.86 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 76.94 | 77.76 | 78.48 | 79.30 | 80.02 | 80.84 | 81.56 |
| Camarilla | 78.78 | 78.92 | 79.06 | 79.20 | 79.34 | 79.48 | 79.62 |
| Woodie | 76.89 | 77.74 | 78.43 | 79.28 | 79.97 | 80.82 | 81.51 |
| Fibonacci | 77.76 | 78.35 | 78.71 | 79.30 | 79.89 | 80.25 | 80.84 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 67.37 | 71.50 | 74.20 | 78.33 | 81.03 | 85.16 | 87.86 |
| Camarilla | 75.02 | 75.65 | 76.27 | 76.90 | 77.53 | 78.15 | 78.78 |
| Woodie | 66.66 | 71.14 | 73.49 | 77.97 | 80.32 | 84.80 | 87.15 |
| Fibonacci | 71.50 | 74.11 | 75.72 | 78.33 | 80.94 | 82.55 | 85.16 |
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): | 39.65 | |
| MACD (12,26,9): | -0.5400 | |
| Directional Movement: | -12.36 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 76.55 | |
| Parabolic SAR (0,02-0,02-0,2): | 75.72 | |
| Elder Ray (13): | -0.41 | |
| Super Trend (3,10): | 78.16 | |
| Zig ZAG (10): | 76.63 | |
| VORTEX (21): | 0.7900 | |
| Stochastique (14,3,5): | 44.76 | |
| TEMA (21): | 76.45 | |
| Williams %R (14): | -83.01 | |
| Chande Momentum Oscillator (20): | -0.25 | |
| Repulse (5,40,3): | -0.7900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1200 | |
| Courbe Coppock: | 1.83 |
| MA7: | 78.28 | |
| MA20: | 79.57 | |
| MA50: | 78.57 | |
| MA100: | 77.31 | |
| MAexp7: | 76.88 | |
| MAexp20: | 77.31 | |
| MAexp50: | 78.25 | |
| MAexp100: | 79.01 | |
| Price / MA7: | -1.97% | |
| Price / MA20: | -3.56% | |
| Price / MA50: | -2.33% | |
| Price / MA100: | -0.74% | |
| Price / MAexp7: | -0.18% | |
| Price / MAexp20: | -0.74% | |
| Price / MAexp50: | -1.93% | |
| Price / MAexp100: | -2.87% |
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 First to Achieve ISO/IEC 42001:2023 Accredited Certification for Artificial Intelligence Management Systems
- Cognizant Named to Newsweek's List of America's Greatest Workplaces for Diversity
- Beyond Bank and Cognizant join forces to lead the future of customer-owned banking
- Beyond Bank and Cognizant join forces to lead the future of customer-owned banking
- Cognizant to Present at the Nasdaq Investor Conference
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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