COGNEX CORP (CGNX) Technical Analysis
NASDAQ:CGNX • US1924221039
Current stock price
54.03 USD
+0.31 (+0.58%)
At close:
54.03 USD
0 (0%)
After Hours:
CGNX Technical Rating and Analysis
We assign a technical rating of 10 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!
- When comparing the yearly performance of all stocks, we notice that CGNX is one of the better performing stocks in the market, outperforming 93% 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 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 45.61 - 56.54 range, which is quite wide. It is currently trading near the high of this range.
- CGNX has an average volume of 2258970 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Considerably lower volume is observed in the last couple of days.
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. A pullback is taking place, which may present a nice opportunity for an entry. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
CGNX Support and Resistance Analysis
41.87
59.39
We found 5 important support areas.
- Support @50.77 from a trend line in the weekly time frame.
- Support @48.82 from a trend line in the daily time frame.
- Support @47.58 from a horizontal line in the weekly time frame.
- A support zone ranging from 45.86 to 45.93. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @42.29 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 54.56 to 55.10. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- 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 | 93.16 | POSITIVE | CGNX has a high relative strength, it outperformed 93.16% 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) | 56.59 | NEUTRAL | The RSI value for CGNX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests CGNX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 77.97 | NEUTRAL | The Stochastics value for CGNX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.61 | MEDIUM VOLATILITY | The ATR as a percentage value for CGNX suggests some volalility. |
| Average Directional Index/ADX (14) | 14.85 | NEGATIVE | The low ADX value for CGNX suggests a weak or negative trend. |
CGNX Chart- and CandleStick Pattern Analysis
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)
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 |
|---|---|---|---|
| 55.11 | 52.63 | 2.48 (4.51%) | 22.18% |
| An entry @55.11. This is a Buy Stop order right above the resistance zone. | An exit @52.63. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.48 points, which is 4.51%. | When investing 22.18% 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
54.03
+0.31 (+0.58%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg0.58%
1 Week-1.12%
2 Weeks0.46%
1 Month5.92%
3 Month35.89%
6 Month11.75%
12 Month106.54%
2 Year30.07%
3 Year13.29%
5 Year-37.26%
10 Year204.14%
15 Year590.92%
Volatility
ATR(14)1.89
ATR(20)%3.61%
ATR Inc13.33%
Range Today1.45
ADR(20)1.81
ADR(20)%3.36%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.16
3 months CRS95.46
6 months CRS76.54
Mansfield2.15
10 Day High56.54
10 Day Low52.64
20 Day High56.54
20 Day Low45.61
52 Week High59.88
52 Week Low26.14
CS1 End50.77
CR1 Start54.56
Volume & EV
DER(3)0.25%
DER(5)1.74%
Volume1.11M
Volume Incr-16.3%
Vol(5)1.46M
Vol(50)2.26M
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 COGNEX CORP (CGNX) stock?
COGNEX CORP (CGNX) has an RSI value of 56.5921. This indicates that the stock is currently neutral.
What is the MACD signal for CGNX stock?
The MACD indicator for COGNEX CORP (CGNX) has a value of 0.154471, indicating a bearish trend.
Can you provide the short term momentum for COGNEX CORP?
The short term momentum for COGNEX CORP (CGNX) is positive.