COGNEX CORP (CGNX) Stock Technical Analysis
NASDAQ:CGNX - US1924221039 - Common Stock
44.03 USD
-0.22 (-0.5%)
44.45 USD
+0.42 (+0.95%)
Taking everything into account, CGNX scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CGNX is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
CGNX is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
CGNX is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
CGNX has an average volume of 2020440 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, CGNX did better than 84% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
CGNX is an average performer in the Electronic Equipment, Instruments & Components industry, it outperforms 62% of 124 stocks in the same industry.
Besides having an excellent technical rating, CGNX also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 44.77. Right above this resistance zone may be a good entry point.
More info and screens
35.74
45.22
We found 2 important support areas.
- Support @40.46 from a horizontal line in the daily time frame.
- A support zone ranging from 36.10 to 36.91. 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 one important area.
- A resistance zone ranging from 44.77 to 44.77. 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 | 84.87 | POSITIVE | CGNX has a high relative strength, it outperformed 84.87% 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) | 66.38 | NEUTRAL | The RSI value for CGNX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests CGNX has a negative trend. |
| Stochastics (14,3) | 79.72 | NEUTRAL | The Stochastics value for CGNX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.73 | MEDIUM VOLATILITY | The ATR as a percentage value for CGNX suggests some volalility. |
| Average Directional Index/ADX (14) | 48.76 | 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)
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 |
|---|---|---|---|
| 44.78 | 41.88 | 2.90 (6.48%) | 15.44% |
| An entry @44.78. This is a Buy Stop order right above the resistance zone. | An exit @41.88. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.90 points, which is 6.48%. | When investing 15.44% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
44.03
-0.22 (-0.5%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg-0.5%
1 Week3.02%
2 Weeks1.17%
1 Month8%
3 Month46.91%
6 Month34.24%
12 Month9.04%
2 Year-6.48%
3 Year4.56%
5 Year-36.36%
10 Year147.64%
15 Year803.18%
Volatility
ATR(14)1.23
ATR(20)%2.73%
ATR Inc-42.87%
Range Today0.58
ADR(20)1.14
ADR(20)%2.6%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.87
Mansfield1.34
10 Day High45.03
10 Day Low41.89
20 Day High45.03
20 Day Low39.02
52 Week High45.03
52 Week Low22.67
CS1 End40.46
CR1 Start44.77
Volume & EV
DER(3)-4.19%
DER(5)-1.77%
Volume1.86M
Volume Incr-16.52%
Vol(5)1.99M
Vol(50)2.02M