COGNEX CORP (CGNX) Stock Technical Analysis
NASDAQ:CGNX - Nasdaq - US1924221039 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to CGNX. Both in the recent history as in the last year, CGNX has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
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.
In the last month CGNX has a been trading in the 32.55 - 42.14 range, which is quite wide. It is currently trading near the high of this range.
CGNX has an average volume of 1897260 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that CGNX is one of the better performing stocks in the market, outperforming 82% of all stocks. However, this relatively good performance is mostly due to a recent big move.
CGNX is part of the Electronic Equipment, Instruments & Components industry. There are 124 other stocks in this industry, CGNX did better than 60% of them.
Volume is considerably higher in the last couple of days.
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
29.38
42.29
When analyzing the support we can see 2 important areas.
- A support zone ranging from 34.15 to 34.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @29.68 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 41.37 to 41.87. 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 | 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 | 82.39 | POSITIVE | CGNX has a high relative strength, it outperformed 82.39% off all stocks 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) | UP | POSITIVE | The current price of CGNX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 74.72 | OVERBOUGHT | The high RSI value suggests CGNX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.64 | POSITIVE | The MACD value suggests CGNX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 91.14 | OVERBOUGHT | The high Stochastics value suggests CGNX may be overbought. |
| Average True Range in percent/ATR (20) | 3.19 | MEDIUM VOLATILITY | The ATR as a percentage value for CGNX suggests some volalility. |
| Average Directional Index/ADX (14) | 40.88 | 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)
41.36
+0.47 (+1.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg1.15%
1 Week1.45%
2 Weeks21.04%
1 Month19.06%
3 Month40.35%
6 Month8.24%
12 Month6.76%
2 Year-12.15%
3 Year-1.78%
5 Year-40.22%
10 Year132.62%
15 Year748.41%
Volatility
ATR(14)1.5
ATR(20)%3.19%
ATR Inc-28.92%
Range Today0.92
ADR(20)1.06
ADR(20)%2.57%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.39
Mansfield0.89
10 Day High42.14
10 Day Low33.45
20 Day High42.14
20 Day Low32.55
52 Week High44.17
52 Week Low22.67
CS1 End34.42
CR1 Start41.37
Volume & EV
DER(3)-1.24%
DER(5)1.91%
Volume1.92M
Volume Incr33.5%
Vol(5)2.73M
Vol(50)1.90M