NASDAQ:CGNX • US1924221039
Taking everything into account, CGNX scores 10 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.
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.
36.29
3 important support areas can be observed.
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 | 93.42 | POSITIVE | CGNX has a high relative strength, it outperformed 93.42% 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) | 75.13 | OVERBOUGHT | The high RSI value suggests CGNX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.67 | POSITIVE | The MACD value suggests CGNX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.77 | OVERBOUGHT | The high Stochastics value suggests CGNX may be overbought. |
| Average True Range in percent/ATR (20) | 4.6 | MEDIUM VOLATILITY | The ATR as a percentage value for CGNX suggests some volalility. |
| Average Directional Index/ADX (14) | 37.15 | POSITIVE | The high ADX value value for CGNX suggests a strong trend. |
55.94
-0.78 (-1.38%)
ChartMill assigns a technical rating of 10 / 10 to CGNX.
The current trend direction for COGNEX CORP (CGNX) is Bullish.
COGNEX CORP (CGNX) has an RSI value of 75.1342. This indicates that the stock is currently overbought.
The short term momentum for COGNEX CORP (CGNX) is positive.
The buy/sell signal for COGNEX CORP (CGNX) is buy as both the short term and long term trends are positive.