COGNEX CORP (CGNX) Stock Technical Analysis
NASDAQ:CGNX - Nasdaq - US1924221039 - Common Stock - Currency: USD
Taking everything into account, CGNX scores 1 out of 10 in our technical rating. CGNX's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
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. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 31.13. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 30.14, a Stop Loss order could be placed below this zone. 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
29.38
We found 1 important support area.
- A support zone ranging from 29.68 to 30.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 31.13 to 32.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @33.10 from a trend line in the weekly time frame.
- Resistance @36.26 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 | NEUTRAL | NEUTRAL | The short term trend for CGNX is neutral. |
| ChartMill Relative Strength | 15.31 | NEGATIVE | CGNX has a low relative strength, it was outperformed by 84.69% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CGNX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of CGNX is above a declining 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) | 50.71 | NEUTRAL | The RSI value for CGNX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests CGNX has a negative trend. |
| Stochastics (14,3) | 51.77 | NEUTRAL | The Stochastics value for CGNX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.8 | MEDIUM VOLATILITY | The ATR as a percentage value for CGNX suggests some volalility. |
| Average Directional Index/ADX (14) | 15.13 | NEGATIVE | The low ADX value for CGNX suggests a weak or negative trend. |
30.15
-0.45 (-1.47%)