COGNEX CORP (CGNX) Technical Analysis
NASDAQ:CGNX • US1924221039
Current stock price
CGNX Technical Rating and Analysis
Taking everything into account, CGNX scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CGNX is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that CGNX is one of the better performing stocks in the market, outperforming 92% of all stocks. We also observe that the gains produced by CGNX over the past year are nicely spread over this period.
- CGNX is part of the Electronic Equipment, Instruments & Components industry. There are 124 other stocks in this industry. CGNX outperforms 75% of them.
- CGNX is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so CGNX is performing more or less in line with the market.
- CGNX has an average volume of 2339820 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month CGNX has a been trading in the 47.70 - 57.42 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CGNX Weekly and Daily overview Charts
CGNX Setup Rating and Analysis
Besides having an excellent technical rating, CGNX also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 51.13, a Stop Loss order could be placed below this zone.
More info and screens
CGNX Support and Resistance Analysis
38.88
When analyzing the support we can see 5 important areas.
- A support zone ranging from 49.92 to 51.13. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 47.54 to 47.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @43.44 from a trend line in the daily time frame.
- Support @40.89 from a trend line in the weekly time frame.
- Support @39.27 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 58.80 to 58.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
CGNX 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 | UP | POSITIVE | The short term trend for CGNX is up. |
| ChartMill Relative Strength | 92.97 | POSITIVE | CGNX has a high relative strength, it outperformed 92.97% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CGNX is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CGNX is above 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) | 55.41 | NEUTRAL | The RSI value for CGNX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.27 | NEGATIVE | The MACD value suggests CGNX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 63.91 | NEUTRAL | The Stochastics value for CGNX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.8 | MEDIUM VOLATILITY | The ATR as a percentage value for CGNX suggests some volalility. |
| Average Directional Index/ADX (14) | 15.64 | NEGATIVE | The low ADX value for CGNX suggests a weak or negative trend. |
CGNX Chart- and CandleStick Pattern Analysis
CGNX Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 51.99 | 49.91 | 2.08 (4.00%) | 25.00% |
| An entry @51.99. This is a Buy Stop order right above the 10 day high. | An exit @49.91. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.08 points, which is 4.00%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of CGNX. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
CGNX Technicals: Chart, Performance Metrics, Trend & Indicators
51.61
+0.6 (+1.18%)
COGNEX CORP / CGNX TA FAQ
What is the technical rating for CGNX stock?
ChartMill assigns a technical rating of 10 / 10 to CGNX.
What is the trend direction for CGNX stock?
The current trend direction for COGNEX CORP (CGNX) is Bullish.
What is the RSI signal for CGNX stock?
COGNEX CORP (CGNX) has an RSI value of 55.412. This indicates that the stock is currently neutral.
What is the short term momentum for COGNEX CORP (CGNX) stock?
The short term momentum for COGNEX CORP (CGNX) is positive.
What is the buy/sell signal for COGNEX CORP (CGNX) stock?
The buy/sell signal for COGNEX CORP (CGNX) is buy as both the short term and long term trends are positive.