The Greedy Trader Weekly Analysis
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IT Consulting & Other Services Industry Technical Analysis

Archive
- 8/5/2022 -
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Cognizant Technology Solutions Corp. (CTSH)

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Summary:
Weekly :Overbought sectorBroken trend support lineBroken trend resistance lineWilliams' Percentage Range is oversold
Daily :Price is close to the 50 Day Moving Average
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It was a first positive week for the Cognizant Technology Solutions Corp. (CTSH). During the week, the CTSH gained 0.76 points, or 1.12%, and closed at 68.72 on Friday, August 5, 2022. Weekly volume was -78% below average.

CTSH is a member of Information Technology Sector. Information Technology is the 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 uptrend had started on March 23, 2020 at 40.01 and reached 93.47 on March 22, 2022. CTSH gained -53.46 points, or -133.62%, in 104 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (87.02) is broken. A broken support is considered to be a long-term bearish signal. 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 long-term trend.

Medium-term trend: [See CTSH medium-term trend chart]
A medium-term downtrend had started on March 22, 2022 at 93.47 and reached 63.26 on July 14, 2022. CTSH lost 30.21 points, or 32.32%, in 16 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (60.55) is broken. A broken support is considered to be a long-term bullish signal. 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 resistance line in a medium-term trend.

Weekly Technical Indicators: [See CTSH weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range. 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 Williams' Percentage Range help.

The weekly MACD line is below its signal line since April 1, 2022. 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 July 27, 2022 at 70.54 and reached 65.04 on July 28, 2022. CTSH lost 5.50 points, or 7.80%, in 1 days. The price is now at the 66.91% retracement level.

Daily Technical Indicators: [See CTSH daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since July 15, 2022.

Price is close to the 50 Day Moving Average. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 63.47
Williams' Percentage Range (W%R) 36.70
Lane's Stochastic (%D-Slow) 58.84
Greed/Fear Indicator (GFI) 61.88
Moving Average Converg./Diverg. (MACD) -0.32
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 32.85
Williams' Percentage Range (W%R) 84.70
Oversold
Lane's Stochastic (%D-Slow) 28.34
Greed/Fear Indicator (GFI) 29.58
Moving Average Converg./Diverg. (MACD) -3.35
Trading Signals
Description Value Chart
Upper Bollinger Band 71.27
Parabolic System 69.49
50 Day Moving Average 68.96
Price 68.72
Daily Stochastic Crossing 68.44
20 Day Moving Average 67.38
Weekly Stochastic Crossing 66.47
Lower Bollinger Band 64.86
Quarterly Trendline Support 60.55
Quarterly Trendline Resistance 58.81
Sector and Industry
Description Name Rank
Sector Information Technology 10
Industry IT Consulting & Other Services 49
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 65.04
Low Date 07/28/2022
High 69.12
High Date 08/04/2022
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 70.54
High Date 07/27/2022
Low 65.04
Low Date 07/28/2022
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 63.26
Low Date 07/14/2022
High 70.54
High Date 07/27/2022
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 58.81
Support 60.55
High 93.47
High Date 03/22/2022
Low 63.26
Low Date 07/14/2022
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 96.66
Support 87.02
Low 40.01
Low Date 03/23/2020
High 93.47
High Date 03/22/2022
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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