COGNEX CORP (CGNX) Stock Technical Analysis
NASDAQ:CGNX - Nasdaq - US1924221039 - Common Stock - Currency: USD
Taking everything into account, CGNX scores 7 out of 10 in our technical rating. CGNX has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
CGNX is part of the Electronic Equipment, Instruments & Components industry. There are 125 other stocks in this industry, of which 63% are performing better than CGNX.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month CGNX has a been trading in the 29.22 - 35.04 range, which is quite wide. It is currently trading near the high of this range.
CGNX has an average volume of 1832620 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, CGNX outperforms 45% of them, which is more or less in line with the market.
CGNX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CGNX is lagging the market.
Although CGNX has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
29.30
35.10
We found 2 important support areas.
- A support zone ranging from 31.56 to 31.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 29.60 to 29.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 34.35 to 34.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for CGNX is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CGNX is up. |
| ChartMill Relative Strength | 45.18 | NEUTRAL | CGNX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CGNX is above the rising 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) | DOWN | NEGATIVE | The current price of CGNX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 68.73 | NEUTRAL | The RSI value for CGNX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.3 | POSITIVE | The MACD value suggests CGNX has a positive trend. |
| Stochastics (14,3) | 91.45 | OVERBOUGHT | The high Stochastics value suggests CGNX may be overbought. |
| Average True Range in percent/ATR (20) | 2.54 | MEDIUM VOLATILITY | The ATR as a percentage value for CGNX suggests some volalility. |
| Average Directional Index/ADX (14) | 25.65 | POSITIVE | The high ADX value value for CGNX suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
34.34
-0.4 (-1.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg-1.15%
1 Week5.6%
2 Weeks8.67%
1 Month11.35%
3 Month43.38%
6 Month-7.16%
12 Month-32.64%
2 Year-37.13%
3 Year-32.64%
5 Year-48.65%
10 Year51.71%
15 Year636.52%
Volatility
ATR(14)0.96
ATR(20)%2.54%
ATR Inc55.24%
Range Today0.98
ADR(20)0.83
ADR(20)%2.42%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS45.18
Mansfield-1.08
10 Day High35.04
10 Day Low31.2
20 Day High35.04
20 Day Low29.22
52 Week High53.13
52 Week Low22.67
CS1 End31.65
CR1 Start34.35
Volume & EV
DER(3)2.29%
DER(5)0.34%
Volume3.04M
Volume Incr36.25%
Vol(5)2.25M
Vol(50)1.83M