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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 2024-03-04 View latest technical analysis

10 day averaged volume of Cognex Corporation is 2141210

Date	Daily Closing Price	Open	High	Low	Volume
04 Mon Mar 2024	39.73	39.98	40.33	39.48	0.507 times
01 Fri Mar 2024	39.83	39.66	40.34	39.10	0.521 times
29 Thu Feb 2024	39.45	38.71	39.57	38.55	0.629 times
28 Wed Feb 2024	38.16	38.26	38.29	37.72	0.644 times
27 Tue Feb 2024	38.65	38.89	39.07	38.60	0.627 times
26 Mon Feb 2024	38.70	39.37	39.55	38.57	0.792 times
23 Fri Feb 2024	39.56	40.76	41.17	39.55	0.875 times
22 Thu Feb 2024	40.83	39.72	41.03	39.63	1.094 times
21 Wed Feb 2024	39.60	39.13	39.77	38.78	1.29 times
20 Tue Feb 2024	39.44	37.56	39.45	37.32	1.548 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 39.7, but if it comes below 39.7, then a intra day sell could be more profitable.
If you take a sell trade below 39.7, then use 39.7 as stoploss and 37.91 as target. However if you take a buy trade in stock , then use 39.7 as stoploss and 41.8 as target.

Share price targets for Cognex Corporation (CGNX)

Target Type	Value
Downside Target	34.28
Downside Target	36.00
Downside Target	37.12
Downside Target	38.51
Upside Target	40.33
Upside Target	40.34
Upside Target	40.82
Upside Target	41.17
Upside Target	41.34
Upside Target	42.82

Intraday share price targets for Cognex Corporation (CGNX)

Target Type	Value
Downside Intraday Target	39.36
Downside Intraday Target	39
Upside Intraday Target	40.21
Upside Intraday Target	40.7
Upside Intraday Target	39.85

Weekly technical analysis of Cognex Corporation (CGNX)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Mon Mar 2024	39.73	39.98	40.33	39.48	0.158 times
01 Fri Mar 2024	39.83	39.37	40.34	37.72	0.668 times
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

Price has moved down 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
04 Mon Mar 2024	39.73	39.66	40.34	39.10	0.043 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
29 Fri Dec 2023	41.74	37.56	42.82	37.21	0.75 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 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 term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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

ADX buy sell signal for Cognex Corporation stock for short term is BUY. Signal strength is Strong and stock is losing 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 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 green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a buy signal for Cognex Corporation in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining 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 39.47 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.