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CTSH Stock Tickeron detected bullish Stock Pattern: Triangle Symmetrical Bottom CTSH on October 15, 2024, netting in a 9.51% gain over 3 months

A.I.dvisor
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+9.51% Gain from a Successful pattern Triangle Symmetrical Bottom
CTSH - Cognizant Technology Solutions Corp
Tickeron
Ticker: CTSH
Company: Cognizant Technology Solutions
Gain: +9.51%
Confirmed: 10/15/24
Succeeded: 02/03/25
Total length: 119 days
On October 07, 2024, A.I.dvisor detected a Triangle Symmetrical Bottom Pattern (Bullish) for Cognizant Technology Solutions Corp (CTSH, $75.70). On October 15, 2024, A.I.dvisor confirmed the Bullish pattern, setting a target price of $83.81. 111 days later, on February 03, 2025, CTSH reached the target price resulting in a for traders who took a long position in the stock.

CTSH in upward trend: 10-day moving average crossed above 50-day moving average on January 29, 2025

The 10-day moving average for CTSH crossed bullishly above the 50-day moving average on January 29, 2025. This indicates that the trend has shifted higher and could be considered a buy signal. In of 13 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on January 15, 2025. You may want to consider a long position or call options on CTSH as a result. In of 85 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for CTSH just turned positive on January 16, 2025. Looking at past instances where CTSH's MACD turned positive, the stock continued to rise in of 44 cases over the following month. The odds of a continued upward trend are .

CTSH moved above its 50-day moving average on January 22, 2025 date and that indicates a change from a downward trend to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CTSH advanced for three days, in of 308 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 10 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 16 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

CTSH broke above its upper Bollinger Band on February 06, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

The Aroon Indicator for CTSH entered a downward trend on January 23, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.961) is normal, around the industry mean (30.562). P/E Ratio (19.113) is within average values for comparable stocks, (60.452). Projected Growth (PEG Ratio) (1.815) is also within normal values, averaging (1.513). Dividend Yield (0.014) settles around the average of (0.023) among similar stocks. P/S Ratio (2.171) is also within normal values, averaging (11.314).

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding price growth. CTSH’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 81, placing this stock slightly better than average.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

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CTSH
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General Information

a provider of information technology services

Industry InformationTechnologyServices

Profile
Fundamentals
Details
Industry
Information Technology Services
Address
300 Frank West Burr Boulevard
Phone
+1 201 801-0233
Employees
347700
Web
https://www.cognizant.com