(CTSH) Pivots Trading Plans and Risk Controls

December 11, 2024, 18:36 pm ET, BY Neal- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for CTSH

• Buy CTSH near 75.73 target 81.68 stop loss @ 75.51 Details

The technical summary data tells us to buy CTSH near 75.73 with an upside target of 81.68. This data also tells us to set a stop loss @ 75.51 to protect against excessive loss in case the stock begins to move against the trade. 75.73 is the first level of support below 81.25 , and by rule, any test of support is a buy signal. In this case, support 75.73 is being tested, a buy signal would exist.

• Short CTSH slightly under 81.68, target 75.73, stop loss @ 81.92 Details

The technical summary data is suggesting a short of CTSH as it gets near 81.68 with a downside target of 75.73. We should have a stop loss in place at 81.92though. 81.68 is the first level of resistance above 81.25, and by rule, any test of resistance is a short signal. In this case, if resistance 81.68 is being tested, a short signal would exist.

Swing Trading Plans for CTSH

• Buy CTSH slightly over 81.68, target n/a, Stop Loss @ 81.44 Details

If 81.68 begins to break higher, the technical summary data tells us to buy CTSH just slightly over 81.68, with an upside target of n/a. The data also tells us to set a stop loss @ 81.44 in case the stock turns against the trade. 81.68 is the first level of resistance above 81.25, and by rule, any break above resistance is a buy signal. In this case, 81.68, 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 slightly near 81.68, target 80.46, Stop Loss @ 81.92. Details

The technical summary data is suggesting a short of CTSH if it tests 81.68 with a downside target of 80.46. We should have a stop loss in place at 81.92 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, 81.68, 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 slightly over 81.68, target n/a, Stop Loss @ 81.49 Details

If 81.68 begins to break higher, the technical summary data tells us to buy CTSH just slightly over 81.68, with an upside target of n/a. The data also tells us to set a stop loss @ 81.49 in case the stock turns against the trade. 81.68 is the first level of resistance above 81.25, and by rule, any break above resistance is a buy signal. In this case, 81.68, 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 slightly near 81.68, target 80.59, Stop Loss @ 81.87. Details

The technical summary data is suggesting a short of CTSH if it tests 81.68 with a downside target of 80.59. We should have a stop loss in place at 81.87 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, 81.68, 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.

Check the time stamp on this data. Updated AI-Generated Signals for Cognizant Technology Solutions Corporation (CTSH) available here: CTSH.

CTSH Ratings for December 11:

AI Generated Signals for CTSH

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This Cognizant Technology Solutions Corporation (NASDAQ: CTSH) report was produced by Stock Traders Daily.  Over the past 20 years our metholdology has been refined to help identify strategies for both individual stocks and the stock markets, with 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.