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Cognizant Technology Solutions Corp Stock Forecast NASDAQ:CTSH

$79.71 (1.67%)

Volume: 2M

Closed: Nov 29, 2021

Hollow Logo Score: 2.296

Cognizant Technology Solutions Corp Stock Forecast

$79.71 (1.67%)

Volume: 2M

Closed: Nov 29, 2021

Score Hollow Logo 2.296
Which way will CTSH go? Request
Mon, Nov 29, 2021 Buy Candidate Upgraded
Stop-loss: $75.81 (-4.89%)
Key Stats
P/E Ratio 22.31
Beta 1.02
Trailing Dividend Rate 1.2% ($0.96)
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 47 and the stock is currently not being overbought or oversold

Stronger technical forecast for Cognizant Technology Solutions Corp stock price after Monday trading.
(Updated on Nov 29, 2021)


Buy candidate since 2021-11-29

The Cognizant Technology Solutions Corp stock price gained 1.67% on the last trading day (Monday, 29th Nov 2021), rising from $78.40 to $79.71. During the day the stock fluctuated 2.06% from a day low at $78.52 to a day high of $80.14. The price has fallen in 7 of the last 10 days and is down by -2.77% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 666 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $190.74 million.

The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 7.76% during the next 3 months and, with a 90% probability hold a price between $83.89 and $88.86 at the end of this 3-month period.

Signals & Forecast

The Cognizant Technology Solutions Corp stock holds a sell signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $80.58. On a fall, the stock will find some support from the long-term average at approximately $79.37. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Volume is rising along with the price. This is considered to be a good technical signal. 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 Friday, November 19, 2021, and so far it has fallen -2.78%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss

Cognizant Technology Solutions Corp finds support from accumulated volume at $78.83 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.62 between high and low, or 2.06%. For the last week the stock has had a daily average volatility of 2.08%.

Our recommended stop-loss: $75.81 (-4.89%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 5 days ago.)

Is Cognizant Technology Solutions Corporation 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 Cognizant Technology Solutions Corp stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

Current score: 2.296

Predicted Opening Price for Cognizant Technology Solutions Corporation of Tuesday, November 30, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price November 30, 2021 Current price
$79.46 $79.71 (Overvalued)
Buy Candidate Upgraded

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Analyst Ratings

On Oct 29, 2021 "Barclays" gave "$73.00 - $78.00" rating for CTSH. The price target was changed from $77.32 to 0.5%.

Volatility and Risk
Daily Average Volatility: 2.08 %
Overall Risk: Very High High Medium Low Very Low
Volatility
2.08 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $80.76
Price: $79.71
Support: $78.83

CTSH Insider Trading Show all Trades

INSIDER POWER

0.756

Last 100 transactions
Buy: 70 126 | Sell: 92 770 (Shares)
Date Action Amount Person Type
Nov 23, 2021 Sell 524 Telesmanic Robert Restricted Stock Units
Nov 23, 2021 Sell 254 Telesmanic Robert Class A Common Stock
Nov 23, 2021 Buy 524 Telesmanic Robert Class A Common Stock
Nov 23, 2021 Sell 1 144 Stafford Andrew J Restricted Stock Units
Nov 23, 2021 Sell 533 Stafford Andrew J Class A Common Stock
Show all Insider Trades
INSIDER POWER

0.756

Last 100 transactions
Buy: 70 126 | Sell: 92 770 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 81.07 1.71 %
80.45 0.93 %
80.07 0.45 %
Current price: 79.71
Support 78.84 -1.09 %
78.46 -1.57 %
77.84 -2.35 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 81.99 2.86 %
81.04 1.67 %
80.76 1.32 %
Current price 79.71
Support 78.83 -1.10%
77.32 -3.00%
76.48 -4.05%

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About Cognizant Technology Solutions Corporation

Cognizant Technology Solutions Cognizant Technology Solutions Corporation provides information technology (IT), consulting, and business process services worldwide. The company operates through four segments: Financial Services, Healthcare, Manufacturing/Retail/Logistics, and Other. Its consulting and technology services include IT strategy consulting, program management consulting, operations improvement consulting, strategy consulting, and business consulting services; and a... Read more

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