The Greedy Trader Weekly Analysis
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Cognizant Technology Solutions Corp.
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Summary:
Weekly :
Daily :20 Day Moving Average has crossed below the 50 Day Moving AverageStochastic signal line moved above oversold areaMACD bullish divergencePrice is near the Fibonacci 23.6% retracement level
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It was the negative week for the Cognizant Technology Solutions Corp. (CTSH). During the week, the CTSH dropped -0.91 points, or -1.26%, and closed at 71.36 on Friday, December 01, 2017. CTSH was trading at average weekly trading volume.

Long-term trend: [See CTSH long-term trend chart]
A long-term uptrend had started on September 30, 2016 at 45.44 and reached 76.51 on October 31, 2017. CTSH gained -31.07 points, or -68.38%, in 56 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 67.65 and resistance is at 77.61. A Rising 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 Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.

Medium-term trend: [See CTSH medium-term trend chart]
A medium-term downtrend had started on October 31, 2017 at 76.51 and reached 70.53 on November 1, 2017. CTSH lost 5.98 points, or 7.82%, in 0 weeks. The price is now at the 13.88% retracement level.

Weekly Technical Indicators: [See CTSH weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since November 3, 2017. 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 November 28, 2017 at 73.23 and reached 70.76 on December 1, 2017. CTSH lost 2.47 points, or 3.37%, in 3 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance 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. Daily MACD has bullish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 daily MACD line is below its signal line since October 31, 2017. This is an indication that the short-term trend is down.

During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. 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) 34.83
Williams' Percentage Range (W%R) 77.00
Lane's Stochastic (%D-Slow) 23.04
Greed/Fear Indicator (GFI) 26.94
Moving Average Converg./Diverg. (MACD) -0.33 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.20
Williams' Percentage Range (W%R) 51.70
Lane's Stochastic (%D-Slow) 54.36
Greed/Fear Indicator (GFI) 50.85
Moving Average Converg./Diverg. (MACD) 2.87
Trading Signals
Description Value Chart
Yearly Trendline Resistance 77.61
Upper Bollinger Band 75.54
Parabolic System 74.35
50 Day Moving Average 73.53
Weekly Stochastic Crossing 73.36
20 Day Moving Average 73.34
Price 71.36
Daily Stochastic Crossing 71.34
Lower Bollinger Band 70.48
Yearly Trendline Support 67.65
Sector and Industry
Description Name Rank
Sector Technology 5
Industry Business Software & Svcs 88
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 73.23
High Date 11/28/2017
Low 70.76
Low Date 12/01/2017
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 73.23
High Date 11/28/2017
Low 70.76
Low Date 12/01/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 70.53
Low Date 11/01/2017
High 75.77
High Date 11/16/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 76.51
High Date 10/31/2017
Low 70.53
Low Date 11/01/2017
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 77.61
Support 67.65
Low 45.44
Low Date 09/30/2016
High 76.51
High Date 10/31/2017
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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