The Greedy Trader Weekly Analysis
Sign In Feb 16, 2018
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Cognizant Technology Solutions Corp.
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Summary:
Weekly :Lane's Stochastic and MACD bearish divergence
Daily :The price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week for the Cognizant Technology Solutions Corp. (CTSH). During the week, the CTSH climbed 0.57 points, or 0.75%, and closed at 76.29 on Friday, February 09, 2018. Weekly volume was 72% above 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 79.28 on February 7, 2018. CTSH gained -33.84 points, or -74.47%, in 70 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 72.42 and resistance is at 82.70. 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 uptrend had started on December 5, 2017 at 69.69 and reached 79.28 on February 7, 2018. CTSH gained -9.59 points, or -13.76%, in 9 weeks. The price is now at the 31.18% retracement level.

Weekly Technical Indicators: [See CTSH weekly technical indicators chart]
Weekly technical indicators are neutral. Weekly Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic and MACD bearish 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 weekly MACD line is above its signal line since January 19, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 February 7, 2018 at 79.28 and reached 74.06 on February 9, 2018. CTSH lost 5.22 points, or 6.58%, in 2 days. The price is now at the 42.72% retracement level.

Daily Technical Indicators: [See CTSH daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since February 1, 2018. This is an indication that the short-term trend is down.

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.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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) 43.46
Williams' Percentage Range (W%R) 46.90
Lane's Stochastic (%D-Slow) 38.88
Greed/Fear Indicator (GFI) 45.14
Moving Average Converg./Diverg. (MACD) 0.80
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.57
Williams' Percentage Range (W%R) 35.90
Lane's Stochastic (%D-Slow) 77.72
Bearish
Greed/Fear Indicator (GFI) 64.74
Moving Average Converg./Diverg. (MACD) 1.95 Bearish
Trading Signals
Description Value Chart
Yearly Trendline Resistance 82.70
Upper Bollinger Band 78.95
Weekly Stochastic Crossing 77.62
20 Day Moving Average 76.62
Price 76.29
Daily Stochastic Crossing 75.50
50 Day Moving Average 73.82
Lower Bollinger Band 72.65
Yearly Trendline Support 72.42
Parabolic System 72.17
Sector and Industry
Description Name Rank
Sector Technology 7
Industry Business Software & Svcs 127
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 79.28
High Date 02/07/2018
Low 74.06
Low Date 02/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 79.28
High Date 02/07/2018
Low 74.06
Low Date 02/09/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 79.28
High Date 02/07/2018
Low 74.06
Low Date 02/09/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 69.69
Low Date 12/05/2017
High 79.28
High Date 02/07/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 82.70
Support 72.42
Low 45.44
Low Date 09/30/2016
High 79.28
High Date 02/07/2018
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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