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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.

10 day averaged volume of Cognex Corporation is 757780

Date	Daily Closing Price	Open	High	Low	Volume
22 Mon Apr 2024	39.17	38.85	39.35	38.56	1.009 times
19 Fri Apr 2024	38.46	38.69	39.07	38.30	0.898 times
18 Thu Apr 2024	38.69	39.17	39.18	38.48	0.935 times
17 Wed Apr 2024	39.21	39.93	39.93	39.19	1.224 times
16 Tue Apr 2024	39.62	39.52	39.93	39.19	0.853 times
15 Mon Apr 2024	39.96	40.46	40.75	39.84	1.399 times
12 Fri Apr 2024	40.25	40.88	40.91	40.10	1.038 times
11 Thu Apr 2024	41.30	41.46	41.49	40.52	0.937 times
10 Wed Apr 2024	41.14	41.01	41.98	40.90	1.042 times
09 Tue Apr 2024	42.19	41.25	42.38	41.19	0.931 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 39.5, but if it comes above 39.5, then a intra day buy could be more profitable.
If you take a sell trade below 39.5, then use 39.5 as stoploss and 38.1 as target. However if you take a buy trade in stock , then use 39.5 as stoploss and 40.64 as target.

Share price targets for Cognex Corporation (CGNX)

Target Type	Value
Downside Target	34.79
Downside Target	36.00
Downside Target	37.21
Downside Target	38.30
Upside Target	41.32
Upside Target	41.34
Upside Target	42.38
Upside Target	42.60
Upside Target	42.77
Upside Target	42.82

Intraday share price targets for Cognex Corporation (CGNX)

Target Type	Value
Downside Intraday Target	38.7
Downside Intraday Target	38.24
Upside Intraday Target	39.49
Upside Intraday Target	39.82
Downside Intraday Target	39.03

Weekly technical analysis of Cognex Corporation (CGNX)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Mon Apr 2024	39.17	38.85	39.35	38.56	0.19 times
19 Fri Apr 2024	38.46	40.46	40.75	38.30	1.132 times
12 Fri Apr 2024	40.25	40.78	42.38	40.10	0.819 times
05 Fri Apr 2024	40.42	42.49	42.60	39.65	1.276 times
28 Thu Mar 2024	42.42	41.69	42.77	41.32	0.564 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
22 Mon Apr 2024	39.17	42.49	42.60	38.30	0.483 times
28 Thu Mar 2024	42.42	39.66	42.77	39.10	0.516 times
29 Thu Feb 2024	39.45	36.37	41.17	34.79	1.862 times
31 Wed Jan 2024	36.14	41.24	41.34	36.00	1.077 times

Scroll below to view daily charts

Price has moved down 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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Cognex Corporation ( (CGNX) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Cognex Corporation in short term and the sell signal is strong.

Cognex Corporation Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

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

RSI is generating a BUY signal in short term and the buying is gaining 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 39.99 and Cognex Corporation (CGNX) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative returns over a short term period. Returns for a longer term period have been negative.

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