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Advanced TA SearchArchive - 5/10/2024 - Sign In to see current Signals. |
Cognizant Technology Solutions Corp. (CTSH) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was a first positive week after 5 consecutive negative weeks for the Cognizant Technology Solutions Corp. (CTSH). During the week, the CTSH gained 0.73 points, or 1.10%, and closed at 66.98 on Friday, May 10, 2024. It was the best weekly gain since March 28, 2024. Weekly volume was -7% 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 45.58% 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 65.30 on May 1, 2024. CTSH lost 14.79 points, or 18.47%, in 9 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (63.74) 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 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, 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 1, 2024 at 65.30 and reached 67.89 on May 8, 2024. CTSH gained -2.59 points, or -3.97%, in 7 days. The price is now at the 35.14% 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 above oversold area. Such crossover is considered a bullish signal. The daily MACD line is above its signal line since May 1, 2024. This is an indication that the short-term trend is up.
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