|
|
Advanced TA SearchArchive
- 5/17/2024 -
Sign In to see current Signals. |
Cognizant Technology Solutions Corp. (CTSH) Technical Analysis
|
 |
| Summary:
| | Weekly :  | | Daily :
Move cursor over the icon to see details.
| | It was a second positive week after 5 consecutive negative weeks for the Cognizant Technology Solutions Corp. (CTSH). During the week, the CTSH gained 1.78 points, or 2.66%, and closed at 68.76 on Friday, May 17, 2024. It was the best weekly gain since February 23, 2024. CTSH was trading at average weekly trading volume.
 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. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance 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 65.30 on May 1, 2024. CTSH lost 14.79 points, or 18.47%, in 9 weeks. Price is near the Fibonacci 23.6% 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 March 15, 2024. 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 May 9, 2024 at 66.35 and reached 70.72 on May 16, 2024. CTSH gained -4.37 points, or -6.59%, in 7 days. The price is now at the 44.85% retracement level.
 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. Use the following link to access Williams' Percentage Range help.
The daily MACD line is above its signal line since May 1, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term uptrend is strong.
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.
| |
|
|