We assign a technical rating of 1 out of 10 to CGNX. CGNX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
CGNX has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 38.43. Right above this resistance zone may be a good entry point.
More info and screens
34.44
2 important support areas can be observed.
- Support @35.64 from a horizontal line in the weekly time frame.
- A support zone ranging from 34.79 to 35.07. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 38.43 to 39.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @48.04 from a trend line in the weekly time frame.
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 | DOWN | NEGATIVE | The long term trend for CGNX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CGNX is down. |
| ChartMill Relative Strength | 23.55 | NEGATIVE | CGNX has a low relative strength, it was outperformed by 76.45% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CGNX is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CGNX is below a declining 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) | 44.87 | NEUTRAL | The RSI value for CGNX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests CGNX has a positive trend. |
| Stochastics (14,3) | 35.8 | NEUTRAL | The Stochastics value for CGNX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.32 | MEDIUM VOLATILITY | The ATR as a percentage value for CGNX suggests some volalility. |
| Average Directional Index/ADX (14) | 34.81 | POSITIVE | The high ADX value value for CGNX suggests a strong trend. |
36.8
+0.63 (+1.74%)
COGNEX CORP / CGNX FAQ
What is the technical rating for CGNX stock?
ChartMill assigns a technical rating of 1 / 10 to CGNX.
What is the current trend direction of COGNEX CORP (CGNX) stock?
The current trend direction for COGNEX CORP (CGNX) is Bearish.
What is the RSI signal for CGNX stock?
COGNEX CORP (CGNX) has an RSI value of 44.8693. This indicates that the stock is currently neutral.
Can you provide the MACD signal for COGNEX CORP?
The MACD indicator for COGNEX CORP (CGNX) has a value of 0.0764201, indicating a bearish trend.
What is the buy/sell signal for CGNX stock?
The buy/sell signal for COGNEX CORP (CGNX) is sell as both the short term and long term trends are negative.