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Industry Stocks Technical Analysis - CTSHArchive
- 4/26/2024 -
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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 -0.50 points, or -0.74%, and closed at 66.94 on Friday, April 26, 2024. Weekly volume was -10% 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 45.72% 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 66.20 on April 25, 2024. CTSH lost 13.89 points, or 17.34%, in 8 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 65.27 and resistance is at 67.70. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a medium-term trend.
 Weekly Technical Indicators: [See CTSH weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range and 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 links to access Lane's Stochastic 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. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend 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 April 22, 2024 at 68.55 and reached 66.20 on April 25, 2024. CTSH lost 2.35 points, or 3.43%, in 3 days. The price is now at the 31.49% retracement level.
 Daily Technical Indicators: [See CTSH daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Daily Relative Strength Index, Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index, Lane's Stochastic and MACD bullish 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 Relative Strength Index help.
The daily MACD line is below its signal line since March 4, 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.
A Parabolic SAR (stop and reversal) indicator (67.44) comes close to the price (66.94). It indicates that the trend is getting weaker. 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.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Information Technology |
6 |
| Industry |
IT Consulting & Other Services |
19 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
68.55 |
| High Date |
04/22/2024 |
| Low |
66.20 |
| Low Date |
04/25/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
68.55 |
| High Date |
04/22/2024 |
| Low |
66.20 |
| Low Date |
04/25/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Channel |
| Status |
Valid |
| Resistance |
67.70 |
| Support |
65.27 |
| High |
80.09 |
| High Date |
02/23/2024 |
| Low |
66.20 |
| Low Date |
04/25/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
51.33 |
| Low Date |
11/03/2022 |
| High |
80.09 |
| High Date |
02/23/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
93.47 |
| High Date |
03/22/2022 |
| Low |
51.33 |
| Low Date |
11/03/2022 |
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