The Greedy Trader Weekly Analysis
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Cognizant Technology Solutions Corp.
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Summary:
Weekly :Williams' Percentage Range is oversoldBroken trend support lineBroken trend support line
Daily :Williams' Percentage Range is oversold
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It was the negative week for the Cognizant Technology Solutions Corp. (CTSH). During the week, the CTSH dropped -2.26 points, or -2.90%, and closed at 75.56 on Friday, August 10, 2018. Weekly volume was -9% below average.

Long-term trend: [See CTSH long-term trend chart]
A long-term uptrend had started on September 30, 2016 at 45.44 and reached 85.10 on March 15, 2018. CTSH gained -39.66 points, or -87.28%, in 75 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (80.54) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. CTSH may retest the broken support line. It is considered to be a resistance line now. 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 uptrend had started on May 29, 2018 at 73.97 and reached 83.35 on July 12, 2018. CTSH gained -9.38 points, or -12.68%, in 6 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (82.46) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. CTSH may retest the broken support line. It is considered to be a resistance line now. 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 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 July 27, 2018. The distance between MACD and the signal line is low, but getting bigger. 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 August 1, 2018 at 82.29 and reached 74.83 on August 2, 2018. CTSH lost 7.46 points, or 9.07%, in 1 days. The price is now at the 9.79% retracement level.

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

The daily MACD line is below its signal line since July 25, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 24.95
Williams' Percentage Range (W%R) 86.50
Oversold
Lane's Stochastic (%D-Slow) 27.98
Greed/Fear Indicator (GFI) 22.13
Moving Average Converg./Diverg. (MACD) -0.27
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 35.95
Williams' Percentage Range (W%R) 81.10
Oversold
Lane's Stochastic (%D-Slow) 71.21
Greed/Fear Indicator (GFI) 46.76
Moving Average Converg./Diverg. (MACD) 1.18
Trading Signals
Description Value Chart
Yearly Trendline Resistance 89.99
Quarterly Trendline Resistance 87.37
Upper Bollinger Band 84.28
Quarterly Trendline Support 82.46
Yearly Trendline Support 80.54
Weekly Stochastic Crossing 80.49
20 Day Moving Average 80.42
Parabolic System 79.78
50 Day Moving Average 79.59
Daily Stochastic Crossing 76.63
Price 75.56
Lower Bollinger Band 74.35
Sector and Industry
Description Name Rank
Sector Technology 6
Industry Business Software & Svcs 114
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 82.29
High Date 08/01/2018
Low 74.83
Low Date 08/02/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 82.29
High Date 08/01/2018
Low 74.83
Low Date 08/02/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 83.35
High Date 07/12/2018
Low 74.83
Low Date 08/02/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 87.37
Support 82.46
Low 73.97
Low Date 05/29/2018
High 83.35
High Date 07/12/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 89.99
Support 80.54
Low 45.44
Low Date 09/30/2016
High 85.10
High Date 03/15/2018
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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