The Greedy Trader Weekly Analysis
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Cognizant Technology Solutions Corp.
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Summary:
Weekly :Lane's Stochastic is oversold
Daily :Williams' Percentage Range is overboughtStochastic signal line moved below overbought areaLane's Stochastic and MACD bearish divergenceThe price moved above the moving average in the center of the Bollinger Bands
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It was a fourth consecutive positive week for the Cognizant Technology Solutions Corp. (CTSH). During the week, the CTSH gained 0.85 points, or 1.37%, and closed at 62.78 on Friday, June 7, 2019. Weekly volume was 46% above average.

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 48.35 and resistance is at 73.33. 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 downtrend had started on April 3, 2019 at 74.85 and reached 56.73 on May 13, 2019. CTSH lost 18.12 points, or 24.21%, in 5 weeks. The price is now at the 33.39% retracement level.

Weekly Technical Indicators: [See CTSH weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Lane's Stochastic. 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 below its signal line since May 3, 2019. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.

Short-term trend: [See CTSH short-term trend chart]
A short-term uptrend had started on June 4, 2019 at 58.87 and reached 62.97 on June 7, 2019. CTSH gained -4.10 points, or -6.96%, in 3 days. Price is near the trend high.

Daily Technical Indicators: [See CTSH daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Daily Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Williams' Percentage Range help.

The daily MACD line is above its signal line since May 20, 2019. This is an indication that the short-term trend is up.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 69.06
Williams' Percentage Range (W%R) 11.70
Overbought
Lane's Stochastic (%D-Slow) 65.22
Bearish
Greed/Fear Indicator (GFI) 74.19
Moving Average Converg./Diverg. (MACD) -1.54 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 34.14
Williams' Percentage Range (W%R) 69.60
Lane's Stochastic (%D-Slow) 18.85
Oversold
Greed/Fear Indicator (GFI) 30.08
Moving Average Converg./Diverg. (MACD) -1.45
Trading Signals
Description Value Chart
Yearly Trendline Resistance 73.33
50 Day Moving Average 66.61
Upper Bollinger Band 65.47
Price 62.78
Daily Stochastic Crossing 62.03
20 Day Moving Average 60.63
Weekly Stochastic Crossing 60.58
Parabolic System 59.99
Lower Bollinger Band 58.88
Sector and Industry
Description Name Rank
Sector Technology 4
Industry Business Software & Svcs 121
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 58.87
Low Date 06/04/2019
High 62.97
High Date 06/07/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 58.87
Low Date 06/04/2019
High 62.97
High Date 06/07/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 56.73
Low Date 05/13/2019
High 62.97
High Date 06/07/2019
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 73.33
Support 48.35
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.

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