Cognizant Technology Solutions Corp.
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|It was a first positive week for the Cognizant Technology Solutions Corp. (CTSH). During the week, the CTSH gained 0.84 points, or 1.21%, and closed at 70.34 on Friday, November 09, 2018. Weekly volume was -22% 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. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Medium-term trend: [See CTSH medium-term trend chart]
A medium-term downtrend had started on March 15, 2018 at 85.10 and reached 65.14 on October 30, 2018. CTSH lost 19.96 points, or 23.45%, in 32 weeks. Price is near the Fibonacci 23.6% 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 July 27, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively 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 October 30, 2018 at 65.14 and reached 71.82 on November 8, 2018. CTSH gained -6.68 points, or -10.25%, in 9 days. Price is near the Fibonacci 23.6% retracement level.
Daily Technical Indicators: [See CTSH daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. 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.