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Downtrend Broken Resist.Archive
- 3/6/2026 -
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Cognizant Technology Solutions Corp. (CTSH) Technical Analysis
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| Summary:
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| | It was a first positive week after 7 consecutive negative weeks for the Cognizant Technology Solutions Corp. (CTSH). During the week, the CTSH gained 1.83 points, or 2.84%, and closed at 66.26 on Friday, March 6, 2026. It was the best weekly gain since January 9, 2026. Weekly volume was 28% above average.
CTSH is a member of Information Technology Sector. Information Technology is the second most oversold 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 March 23, 2020 at 40.01 and reached 93.47 on March 22, 2022. CTSH gained -53.46 points, or -133.62%, in 104 weeks. The chart has formed a Symmetric Triangle chart pattern. The price is near the trend support (65.63) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a long-term trend.
 Medium-term trend: [See CTSH medium-term trend chart]
A medium-term downtrend had started on January 14, 2026 at 87.03 and reached 60.04 on February 25, 2026. CTSH lost 26.99 points, or 31.01%, in 6 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 53.88 and resistance is at 81.53. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See CTSH weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly 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 weekly MACD line is below its signal line since February 6, 2026. 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 uptrend had started on February 25, 2026 at 60.04 and reached 66.98 on March 5, 2026. CTSH gained -6.94 points, or -11.56%, in 8 days. The price is now at the 10.37% 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.
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