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- 6/7/2024 -
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Cognizant Technology Solutions Corp. (CTSH) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the Cognizant Technology Solutions Corp. (CTSH). During the week, the CTSH gave back -0.21 points, or -0.32%, and closed at 65.94 on Friday, June 7, 2024. Weekly volume was -16% below average.
 Long-term trend: [See CTSH long-term trend chart]
A long-term uptrend had started on November 3, 2022 at 51.33 and reached 80.09 on February 23, 2024. CTSH gained -28.76 points, or -56.03%, in 68 weeks. The price is now at the 49.20% retracement level.
 Medium-term trend: [See CTSH medium-term trend chart]
A medium-term downtrend had started on February 23, 2024 at 80.09 and reached 64.36 on May 30, 2024. CTSH lost 15.73 points, or 19.64%, in 13 weeks. The price is now at the 10.04% retracement level.
 Weekly Technical Indicators: [See CTSH weekly technical indicators chart]
Weekly Relative Strength Index and Williams' Percentage Range are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Relative Strength Index and Williams' Percentage Range. During the last week, weekly Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Weekly Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is below its signal line since March 15, 2024. This is an indication that the medium-term trend is down. 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 May 16, 2024 at 70.72 and reached 64.36 on May 30, 2024. CTSH lost 6.36 points, or 8.99%, in 14 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Daily Technical Indicators: [See CTSH daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal.
The daily MACD line is below its signal line since May 28, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
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