CGNX Technical Analysis - COGNEX CORP

Technical Rating and Analysis

Overall CGNX gets a technical rating of 6 out of 10. CGNX has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.

In the last month CGNX has a been trading in the 40.15 - 47.52 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

The short term is neutral, but the long term trend is still positive. Not much to worry about for now.

CGNX is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CGNX is lagging the market slightly.

CGNX has an average volume of 2012640 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Looking at the yearly performance, CGNX did better than 74% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.

CGNX is an average performer in the Electronic Equipment, Instruments & Components industry, it outperforms 48% of 124 stocks in the same industry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

CGNX has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

39.59

47.35

When analyzing the support we notice one important area.

Support @39.99 from a trend line in the weekly time frame.

We can see 2 important resistance areas.

Resistance @40.98 from a trend line in the daily time frame.
A resistance zone ranging from 45.49 to 46.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	UP	POSITIVE	The long term trend for CGNX is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for CGNX is neutral.
ChartMill Relative Strength	74.64	POSITIVE	CGNX has a high relative strength, it outperformed 74.64% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of CGNX is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of CGNX is below the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of CGNX is above the rising SMA(200).
Relative Strength Index/RSI (14)	32.71	NEUTRAL	The RSI value for CGNX is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.44	NEGATIVE	The MACD value suggests CGNX has a negative trend.
Stochastics (14,3)	50.66	NEUTRAL	The Stochastics value for CGNX is a neutral value.
Average True Range in percent/ATR (20)	3.58	MEDIUM VOLATILITY	The ATR as a percentage value for CGNX suggests some volalility.
Average Directional Index/ADX (14)	29.35	POSITIVE	The high ADX value value for CGNX suggests a strong trend.