The Greedy Trader Weekly Analysis
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Cognizant Technology Solutions Corp.
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Summary:
Weekly :Overbought sectorBroken trend support lineBroken trend support line
Daily :Williams' Percentage Range and Lane's Stochastic are oversoldThe period of high volatility of the stock price
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It was the negative week for the Cognizant Technology Solutions Corp. (CTSH). During the week, the CTSH gave back -0.54 points, or -0.71%, and closed at 76.04 on Friday, May 18, 2018. Weekly volume was -7% below average.

CTSH is a member of Technology Sector. Technology is the second most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

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 (78.59) 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 downtrend had started on March 15, 2018 at 85.10 and reached 74.76 on May 9, 2018. CTSH lost 10.34 points, or 12.15%, in 7 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend support line (81.36) is broken. Usually a broken support is considered to be a long-term bearish 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 support in a medium-term trend.

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

The weekly MACD line is below its signal line since April 13, 2018. 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 27, 2018 at 82.68 and reached 74.76 on May 9, 2018. CTSH lost 7.92 points, or 9.58%, in 12 days. The price is now at the 16.16% retracement level.

Daily Technical Indicators: [See CTSH daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily 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 daily MACD line is below its signal line since May 4, 2018. This is an indication that the short-term trend is down.

The distance between the Bollinger Bands is 131.75% higher then one year average. It indicates the period of high volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 25.51
Williams' Percentage Range (W%R) 85.30
Oversold
Lane's Stochastic (%D-Slow) 19.30
Oversold
Greed/Fear Indicator (GFI) 19.82
Oversold
Moving Average Converg./Diverg. (MACD) -1.20
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.56
Williams' Percentage Range (W%R) 63.00
Lane's Stochastic (%D-Slow) 35.12
Greed/Fear Indicator (GFI) 38.75
Moving Average Converg./Diverg. (MACD) 2.56
Trading Signals
Description Value Chart
Yearly Trendline Resistance 88.54
Upper Bollinger Band 83.74
Quarterly Trendline Resistance 81.52
Quarterly Trendline Support 81.36
50 Day Moving Average 80.53
20 Day Moving Average 78.73
Yearly Trendline Support 78.59
Parabolic System 77.16
Weekly Stochastic Crossing 77.12
Price 76.04
Daily Stochastic Crossing 75.22
Lower Bollinger Band 72.35
Sector and Industry
Description Name Rank
Sector Technology 8
Industry Business Software & Svcs 122
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 74.97
Low Date 05/17/2018
High 76.70
High Date 05/18/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 82.68
High Date 04/27/2018
Low 74.76
Low Date 05/09/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 83.24
High Date 04/19/2018
Low 74.76
Low Date 05/09/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 81.52
Support 81.36
High 85.10
High Date 03/15/2018
Low 74.76
Low Date 05/09/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 88.54
Support 78.59
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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