Cognyte Software Ltd. Stock Forecast

Buy or Hold candidate since Jan 14, 2025 Gain 22.41%

No changes to the price of Cognyte Software Ltd. stock on the last trading day (Tuesday, 11th Feb 2025). During the last trading day the stock fluctuated 2.42% from a day low at $10.60 to a day high of $10.86. The price has risen in 6 of the last 10 days and is up by 17.08% over the past 2 weeks.

The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $11.05 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 33.19% during the next 3 months and, with a 90% probability hold a price between $12.56 and $14.71 at the end of this 3-month period.

CGNT Signals & Forecast

The Cognyte Software Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $10.49 and $9.32. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, February 06, 2025, and so far it has fallen -1.37%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Cognyte Software Ltd. stock

On the downside, the stock finds support just below today's level from accumulated volume at $9.59 and $9.50. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Cognyte Software Ltd. finds support just below today's level at $9.59. If this is broken, then the next support from accumulated volume will be at $9.50 and $8.77.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.257 between high and low, or 2.42%. For the last week, the stock has had daily average volatility of 3.78%.

Our recommended stop-loss: $10.33 (-3.99%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 3 days ago.)

Trading Expectations (CGNT) For The Upcoming Trading Day Of Wednesday 12th

For the upcoming trading day on Wednesday, 12th we expect Cognyte Software Ltd. to open at $10.74, and during the day (based on 14 day Average True Range), to move between $10.36 and $11.16, which gives a possible trading interval of +/-$0.395 (+/-3.67%) up or down from last closing price. If Cognyte Software Ltd. takes out the full calculated possible swing range there will be an estimated 7.34% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $10.78 (0.19%) than the support at $9.59 (10.87%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Cognyte Software Ltd. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Cognyte Software Ltd. stock to perform well in the short-term.

Current score: 2.911 Buy Candidate Unchanged

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Predicted Fair Opening Price

Predicted fair opening price on February 12, 2025 - $10.74 ( 0.176%).