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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 2024-02-23 View latest technical analysis

10 day averaged volume of Cognex Corporation is 3456910

Date	Daily Closing Price	Open	High	Low	Volume
23 Fri Feb 2024	39.56	40.76	41.17	39.55	0.542 times
22 Thu Feb 2024	40.83	39.72	41.03	39.63	0.678 times
21 Wed Feb 2024	39.60	39.13	39.77	38.78	0.799 times
20 Tue Feb 2024	39.44	37.56	39.45	37.32	0.959 times
16 Fri Feb 2024	38.13	38.22	38.36	36.50	1.227 times
15 Thu Feb 2024	38.51	36.30	40.82	36.30	1.368 times
14 Wed Feb 2024	36.15	35.88	36.21	35.53	0.737 times
13 Tue Feb 2024	35.32	35.58	36.41	34.98	0.689 times
12 Mon Feb 2024	36.87	36.52	37.48	36.52	1.168 times
09 Fri Feb 2024	36.76	36.16	37.12	36.04	1.367 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 38.9, but if it comes below 38.9, then a intra day sell could be more profitable.
If you take a sell trade below 38.9, then use 38.9 as stoploss and 37.31 as target. However if you take a buy trade in stock , then use 38.9 as stoploss and 40.8 as target.

Share price targets for Cognex Corporation (CGNX)

Target Type	Value
Downside Target	34.28
Downside Target	35.86
Downside Target	37.12
Downside Target	38.51
Downside Target	39.12
Upside Target	40.82
Upside Target	41.17
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	37.53
Downside Intraday Target	35.5
Upside Intraday Target	41.38
Upside Intraday Target	43.2
Downside Intraday Target	39.35

Weekly technical analysis of Cognex Corporation (CGNX)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Fri Feb 2024	39.56	37.56	41.17	37.32	0.574 times
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

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
23 Fri Feb 2024	39.56	36.37	41.17	34.79	1.652 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, and volume has increased substantially. This means that the move can 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 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 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 mid to longer 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.

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 and the buy signal is strong.

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

Cognex Corporation Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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 and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 38.01 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.