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IT Consulting & Other Services Industry Technical Analysis

Archive
- 1/7/2022 -
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Cognizant Technology Solutions Corp. (CTSH)

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Summary:
Weekly :Lane's Stochastic is overboughtStochastic has declined below the signal lineBroken trend resistance lineBroken trend resistance line
Daily :Stochastic signal line moved below overbought areaDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SAR
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It was the negative week for the Cognizant Technology Solutions Corp. (CTSH). During the week, the CTSH dropped -1.30 points, or -1.47%, and closed at 87.42 on Friday, January 7, 2022. It was the worst weekly loss since November 26, 2021. Weekly volume was -83% below average.

Long-term trend: [See CTSH long-term trend chart]
A long-term uptrend had started on March 23, 2020 at 40.01 and reached 92.03 on January 4, 2022. CTSH gained -52.02 points, or -130.02%, in 93 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (77.40) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 long-term trend.

Medium-term trend: [See CTSH medium-term trend chart]
A medium-term uptrend had started on July 19, 2021 at 66.19 and reached 92.03 on January 4, 2022. CTSH gained -25.84 points, or -39.04%, in 24 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (79.95) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). 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 August 6, 2021. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term uptrend is strong. 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 January 4, 2022 at 92.03 and reached 86.98 on January 7, 2022. CTSH lost 5.05 points, or 5.49%, in 3 days. The price is now at the 8.71% retracement 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 below overbought area. Such crossover is considered a bearish signal.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.04
Williams' Percentage Range (W%R) 35.50
Lane's Stochastic (%D-Slow) 58.54
Greed/Fear Indicator (GFI) 60.35
Moving Average Converg./Diverg. (MACD) 2.18
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 75.58
Williams' Percentage Range (W%R) 20.30
Lane's Stochastic (%D-Slow) 87.29
Overbought
Greed/Fear Indicator (GFI) 76.35
Moving Average Converg./Diverg. (MACD) 2.00
Trading Signals
Description Value Chart
Upper Bollinger Band 92.46
Parabolic System 91.92
Weekly Stochastic Crossing 90.51
Daily Stochastic Crossing 89.51
Price 87.42
20 Day Moving Average 86.47
Quarterly Trendline Resistance 85.25
50 Day Moving Average 82.62
Lower Bollinger Band 80.68
Quarterly Trendline Support 79.95
Yearly Trendline Support 77.40
Yearly Trendline Resistance 76.80
Sector and Industry
Description Name Rank
Sector Information Technology 4
Industry IT Consulting & Other Services 38
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 92.03
High Date 01/04/2022
Low 86.98
Low Date 01/07/2022
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 76.79
Low Date 12/01/2021
High 92.03
High Date 01/04/2022
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 73.05
Low Date 10/06/2021
High 92.03
High Date 01/04/2022
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 85.25
Support 79.95
Low 66.19
Low Date 07/19/2021
High 92.03
High Date 01/04/2022
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 76.80
Support 77.40
Low 40.01
Low Date 03/23/2020
High 92.03
High Date 01/04/2022
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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