Cognizant Tech Solution CTSH Technical Data

Source: Stock Traders Daily

Longer Term Trading Plans for CTSH
  • Buy CTSH over 73.99 target 79.07 stop loss @ 73.78 Details
  • The technical summary data tells us to buy CTSH near 73.99 with an upside target of 79.07. This data also tells us to set a stop loss @ 73.78 to protect against excessive loss in case the stock begins to move against the trade. 73.99 is the first level of support below 75.49 , and by rule, any test of support is a buy signal. In this case, support 73.99 is being tested, a buy signal would exist.

  • Short CTSH under 79.07, target 73.99, stop loss @ 79.3 Details
  • The technical summary data is suggesting a short of CTSH as it gets near 79.07 with a downside target of 73.99. We should have a stop loss in place at 79.3though. 79.07 is the first level of resistance above 75.49, and by rule, any test of resistance is a short signal. In this case, if resistance 79.07 is being tested, a short signal would exist.

Swing Trading Plans for CTSH
  • Buy CTSH over 79.07, target n/a, Stop Loss @ 78.84 Details
  • If 79.07 begins to break higher, the technical summary data tells us to buy CTSH just over 79.07, with an upside target of n/a. The data also tells us to set a stop loss @ 78.84 in case the stock turns against the trade. 79.07 is the first level of resistance above 75.49, and by rule, any break above resistance is a buy signal. In this case, 79.07, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short CTSH near 79.07, target 75.37, Stop Loss @ 79.3. Details
  • The technical summary data is suggesting a short of CTSH if it tests 79.07 with a downside target of 75.37. We should have a stop loss in place at 79.3 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 79.07, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for CTSH
  • Buy CTSH over 79.07, target n/a, Stop Loss @ 78.89 Details
  • If 79.07 begins to break higher, the technical summary data tells us to buy CTSH just over 79.07, with an upside target of n/a. The data also tells us to set a stop loss @ 78.89 in case the stock turns against the trade. 79.07 is the first level of resistance above 75.49, and by rule, any break above resistance is a buy signal. In this case, 79.07, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short CTSH near 79.07, target 75.37, Stop Loss @ 79.25. Details
  • The technical summary data is suggesting a short of CTSH if it tests 79.07 with a downside target of 75.37. We should have a stop loss in place at 79.25 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 79.07, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

CTSH Technical Summary | Raw Data for the Trading Plans

Term →Near Mid Long
Bias Strong Neutral Neutral
P1 0 0 68.97
P2 73.89 73.05 73.99
P3 75.36 75.37 79.07

CTSH Long Term Analysis for October 8 2021


CTSH Swing Trading Analysis for October 8 2021


CTSH Day Trading Analysis for October 8 2021

This report was produced using AI developed by Stock Traders Daily.  Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves.  This methodology is also applied to Index options, ETFs, and futures.  The objective of this specific report is to optimize trading in Cognizant Tech Solution (NASDAQ: CTSH) while incorporating prudent risk controls.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for CTSH change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if CTSH is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for CTSH too.  All of these are offered below the Summary Table.

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