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CNDT trade ideas

Conduent launches contactless payment system in Venice transportConduent Incorporated (NASDAQ: CNDT), a developer of business software solutions, has successfully launched a contactless payment system for Venice’s public transport network. This development places Conduent at the forefront of the expanding market for contactless payment solutions, particularly in high-traffic tourist locations. The newly implemented system, which took several months to deploy, can support a wide range of contactless payment methods, including bank cards, digital wallets, and NFC-enabled devices. Given that Venice attracts approximately 180 million tourists annually who utilise river trams, taxis, ferries, and personal vehicles, this initiative is expected to capture a significant market share despite focusing on a single city. Technical analysis of Conduent Incorporated (NASDAQ: CNDT) Exploring potential investment opportunities, let us review the technical aspects of Conduent’s stock: Timeframe : Daily (D1) Current trend : there is an existing downtrend; however, a recent break above the resistance line indicates potential for a trend reversal Resistance level : 3.65 USD Support level : 3.00 USD Current position : the stock is attempting to consolidate above the newly broken resistance Potential downtrend target : if the downtrend resumes, the downside target could be set at 2.00 USD Short-term target : if the uptrend continues and the stock breaks through the resistance at 3.65 USD, a short-term target could be 4.95 USD Medium-term target : should the upward momentum be sustained, the price might rise to 6.30 USD Investors should closely monitor Conduent’s performance, particularly how the market responds to Venice’s new contactless payment system. This project could significantly influence Conduent’s market presence and financial success in transportation. — Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews. The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments. Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69.88% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
NASDAQ:CNDT
by RoboMarkets
CNDT Conduent Incorporated Following the breakout in end-2023 from the diagonally-downward sloping channel dating back from mid-2021, the share price found resistance at the 0.236 fib level. Proceeding this, another fib could be drawn to identify the next support level. Everything indicates that support will be found at 0.382 fib level of the latter mentioned fib, this also coinciding with the recently drawn support line. One can also note that a bull flag pattern is in the works, with the pole dating from mid-November 2023 until end-December 2023 and the flag from the latter and still ongoing. Although the MACD did not yet cross the signal from below, it is only a matter of time. The 50 SMA recently crossed from below the 200 SMA, and the share price seems to have found support at the 50 SMA. RSI stands at 42 so it is in mid range. The company also has a solid P/FCF and P/B. 1st price target: 3.90 2nd price target: 4.18
NASDAQ:CNDTLong
by JPbullbear
CNDT, a quarterly gainer,rising +116.62%.Expect Uptrend reversalConduent (CNDT, $3.91) was one of top quarterly gainers, jumping +116.62% to $3.91 per share. Tickeron A.I.dvisor analyzed 142 stocks in the Miscellaneous Commercial Services Industry over the last three months, and discovered that 135 of them (94.9%) charted an Uptrend while 7 of them (5.1%) trended down. Tickeron A.I.dvisor found 109 similar cases when CNDT's price went up 15% within three months. Tickeron AI shows that in 77 out of those 109 cases, CNDT's price went down during the following month. Based on these historical data, Tickeron A.I. thinks the odds of an Uptrend reversal for CNDT are 71%. Current price $3.76 crossed the support line at $4.34 and is trading between $4.34 support and $3.21 resistance lines. Throughout the month of 07/15/20 - 08/16/20, the price experienced a +77% Uptrend, while the week of 08/09/20 - 08/16/20 shows a -16% Downtrend. The RSI Indicator appears to be shifting from an Uptrend to a Downtrend. Tickeron AI shows that in 14 of 19 cases where CNDT's RSI indicator exited the overbought zone, the price fell further within the following month. The odds of a continued Downtrend are 74%. The higher Bollinger Band was broken -- a price fall is expected as the ticker heads toward the middle band, which invites the trader to consider selling or shorting the ticker, or exploring put options. Tickeron AI shows that in 16 of 23 cases where CNDT's price broke its higher Bollinger Band, its price dropped further during the following month. The odds of a continued Downtrend are 70%.
NASDAQ:CNDTShort
by AlTorress
Stronger than Expected Second QuarterConduent Reports Stronger than Expected Second Quarter 2020 Results with Significantly Increased New Business Signings Key Highlights Revenue and Adjusted EBITDA both well-above expectations Strong New Business signings results Total Contract Value of signings: $623M (strongest quarter since spin1), up 90% year-over-year and 92% quarter-over-quarter Annual Recurring Revenue of signings: $105M, up 25% year-over-year and 84% quarter-over-quarter On track to overachieve FY 2020 $100+ million cost reduction program Continued year-over-year improvement in operational and technical performance, strengthening client retention Revenue for the quarter beat expectations due to better than expected results in the Government and Transportation segments. strong sales performance with $623M in new business signings, a 90% increase over Q2 2019 and a 92% increase over Q1 2020. This represents the strongest signings quarter for the company since its spin-off as a standalone public company(1). finance.yahoo.com Conduent reported Q2 earnings per share at $0.12/share, which beat analyst predictions of $-0.05/share.
NASDAQ:CNDT
by AlenCiken