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(CGNX) Cognex Corporation complete technical analysis [charts+indicators] | Buy/Sell Cognex Corporation | (CGNX) share price targets

Complete technical analysis of Cognex Corporation (CGNX) by charts plus indicators, forecast predictions and share price targets for Cognex Corporation (CGNX)

Cognex Corporation trades in USA in Capital Goods sector.

Showing technical analysis as on 2024-02-16 View latest technical analysis

10 day averaged volume of Cognex Corporation is 2958110

Date	Daily Closing Price	Open	High	Low	Volume
16 Fri Feb 2024	38.13	38.22	38.36	36.50	1.434 times
15 Thu Feb 2024	38.51	36.30	40.82	36.30	1.598 times
14 Wed Feb 2024	36.15	35.88	36.21	35.53	0.862 times
13 Tue Feb 2024	35.32	35.58	36.41	34.98	0.805 times
12 Mon Feb 2024	36.87	36.52	37.48	36.52	1.365 times
09 Fri Feb 2024	36.76	36.16	37.12	36.04	1.598 times
08 Thu Feb 2024	36.04	35.59	36.51	35.58	1.18 times
07 Wed Feb 2024	35.70	35.64	36.16	35.52	0.588 times
06 Tue Feb 2024	35.36	35.28	35.77	34.79	1.088 times
05 Mon Feb 2024	35.31	36.40	36.40	35.18	0.6 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 38.1, but if it comes below 38.1, then a intra day sell could be more profitable.
If you take a sell trade below 38.1, then use 38.1 as stoploss and 36.98 as target. However if you take a buy trade in stock , then use 38.1 as stoploss and 39.4 as target.

Share price targets for Cognex Corporation (CGNX)

Target Type	Value
Downside Target	34.28
Downside Target	35.86
Downside Target	38.10
Upside Target	38.39
Upside Target	38.51
Upside Target	39.12
Upside Target	40.82
Upside Target	41.34
Upside Target	42.82
Upside Target	42.95

Intraday share price targets for Cognex Corporation (CGNX)

Target Type	Value
Downside Intraday Target	35.13
Downside Intraday Target	32.14
Upside Intraday Target	40.97
Upside Intraday Target	43.82
Downside Intraday Target	37.98

Weekly technical analysis of Cognex Corporation (CGNX)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Fri Feb 2024	38.13	36.52	40.82	34.98	1.2 times
09 Fri Feb 2024	36.76	36.40	37.12	34.79	2.848 times
02 Fri Feb 2024	36.79	37.58	38.10	35.86	0.932 times
26 Fri Jan 2024	37.77	38.19	39.12	37.43	1.155 times
19 Fri Jan 2024	37.64	37.66	38.39	36.64	4.9 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Cognex Corporation (CGNX)

Date	Monthly Closing Price	Open	High	Low	Volume
16 Fri Feb 2024	38.13	36.37	40.82	34.79	1.275 times
31 Wed Jan 2024	36.14	41.24	41.34	36.00	1.077 times
29 Fri Dec 2023	41.74	37.56	42.82	37.21	0.75 times
30 Thu Nov 2023	37.70	35.86	38.51	34.28	1.336 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Cognex Corporation (CGNX)

Price action analysis of Cognex Corporation ( (CGNX) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Cognex Corporation ( (CGNX) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Cognex Corporation ( (CGNX) ) based on a short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Cognex Corporation ( (CGNX) ) based on a mid to longer term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

ADX buy sell signal for Cognex Corporation stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Cognex Corporation in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Cognex Corporation Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Cognex Corporation in short term but SELL signal is weak.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Cognex Corporation is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 36.7 and Cognex Corporation (CGNX) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Cognex Corporation (CGNX) stock. Volume based technical analysis of Cognex Corporation (CGNX) stock is negative.

Cognex Corporation Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.