The Greedy Trader Weekly Analysis
Sign In Aug 16, 2019
Skip Navigation Links
   Home
   AnalysisExpand    Analysis
   AlertsExpand    Alerts
   Stock PickExpand    Stock Pick
   MembersExpand    Members
   ResourcesExpand    Resources
   About UsExpand    About Us
Number of records: 2
Symbol:  

• Symbol Lookup
• View Technical Chart
• Add to Watch List
• Candlestick Patterns
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals

Business Software & Svcs Industry Technical Analysis

Archive
- 8/9/2019 -
Sign In to see current Signals.

Cognizant Technology Solutions Corp. (CTSH)

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Overbought sectorStochastic signal line moved below overbought areaBroken trend support line
Daily :Lane's Stochastic is oversold
Move cursor over the icon to see details.

It was the negative week for the Cognizant Technology Solutions Corp. (CTSH). During the week, the CTSH dropped -1.03 points, or -1.62%, and closed at 62.46 on Friday, August 9, 2019. Weekly volume was -16% below average.

CTSH is a member of Technology Sector. Technology is the second most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See CTSH long-term trend chart]
A long-term downtrend had started on March 15, 2018 at 85.10 and reached 56.73 on May 13, 2019. CTSH lost 28.37 points, or 33.34%, in 60 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 43.98 and resistance is at 71.56. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend.

Medium-term trend: [See CTSH medium-term trend chart]
A medium-term uptrend had started on May 13, 2019 at 56.73 and reached 67.88 on August 1, 2019. CTSH gained -11.15 points, or -19.65%, in 11 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (68.55) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. CTSH may retest the broken support line. It is considered to be a resistance line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.

Weekly Technical Indicators: [See CTSH weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.

The weekly MACD line is above its signal line since July 12, 2019. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See CTSH short-term trend chart]
A short-term downtrend had started on August 1, 2019 at 67.88 and reached 61.15 on August 7, 2019. CTSH lost 6.73 points, or 9.91%, in 6 days. The price is now at the 19.47% retracement level.

Daily Technical Indicators: [See CTSH daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Lane's Stochastic.

The daily MACD line is below its signal line since July 29, 2019. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 37.26
Williams' Percentage Range (W%R) 66.00
Lane's Stochastic (%D-Slow) 19.67
Oversold
Greed/Fear Indicator (GFI) 30.32
Moving Average Converg./Diverg. (MACD) 0.00
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.34
Williams' Percentage Range (W%R) 63.00
Lane's Stochastic (%D-Slow) 77.98
Greed/Fear Indicator (GFI) 56.68
Moving Average Converg./Diverg. (MACD) -1.86
Trading Signals
Description Value Chart
Yearly Trendline Resistance 71.56
Monthly Trendline Resistance 68.56
Monthly Trendline Support 68.55
Upper Bollinger Band 67.09
Weekly Stochastic Crossing 66.12
20 Day Moving Average 64.86
Parabolic System 64.67
50 Day Moving Average 63.91
Daily Stochastic Crossing 62.74
Price 62.46
Lower Bollinger Band 61.32
Sector and Industry
Description Name Rank
Sector Technology 8
Industry Business Software & Svcs 142
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 63.98
High Date 08/08/2019
Low 61.91
Low Date 08/09/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 67.88
High Date 08/01/2019
Low 61.15
Low Date 08/07/2019
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 68.56
Support 68.55
Low 56.73
Low Date 05/13/2019
High 67.88
High Date 08/01/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 74.85
High Date 04/03/2019
Low 56.73
Low Date 05/13/2019
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 71.56
Support 43.98
High 85.10
High Date 03/15/2018
Low 56.73
Low Date 05/13/2019
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

Copyright© 2004-2018 All rights reserved.