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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 2024-03-22 View latest technical analysis

10 day averaged volume of Cognex Corporation is 1368030

Date	Daily Closing Price	Open	High	Low	Volume
22 Fri Mar 2024	41.85	41.89	42.23	41.33	0.789 times
21 Thu Mar 2024	41.93	41.67	42.15	41.34	0.859 times
20 Wed Mar 2024	41.16	41.13	41.49	40.74	0.665 times
19 Tue Mar 2024	41.17	40.82	41.42	40.60	1.242 times
18 Mon Mar 2024	40.11	41.00	41.05	39.91	0.855 times
15 Fri Mar 2024	40.72	40.58	41.07	40.45	1.51 times
14 Thu Mar 2024	40.67	40.79	42.10	40.42	0.948 times
13 Wed Mar 2024	40.87	41.18	41.67	40.82	1.388 times
12 Tue Mar 2024	41.30	41.10	41.35	40.71	0.725 times
11 Mon Mar 2024	40.89	40.99	41.50	40.68	0.872 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 41.4, but if it comes below 41.4, then a intra day sell could be more profitable.
If you take a sell trade below 41.4, then use 41.4 as stoploss and 40.4 as target. However if you take a buy trade in stock , then use 41.4 as stoploss and 42.6 as target.

Share price targets for Cognex Corporation (CGNX)

Target Type	Value
Downside Target	34.28
Downside Target	36.00
Downside Target	37.21
Downside Target	38.51
Downside Target	41.17
Downside Target	41.34
Downside Target	41.52
Upside Target	42.10
Upside Target	42.23
Upside Target	42.82

Intraday share price targets for Cognex Corporation (CGNX)

Target Type	Value
Downside Intraday Target	40.43
Downside Intraday Target	39.01
Upside Intraday Target	42.75
Upside Intraday Target	43.65
Downside Intraday Target	41.33

Weekly technical analysis of Cognex Corporation (CGNX)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Fri Mar 2024	41.85	41.00	42.23	39.91	0.81 times
15 Fri Mar 2024	40.72	40.99	42.10	40.42	0.901 times
08 Fri Mar 2024	40.94	39.98	41.52	39.26	1.201 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

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 Fri Mar 2024	41.85	39.66	42.23	39.10	0.449 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 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 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 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 SELL signal for Cognex Corporation in short term but SELL signal is weak.

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

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 41.02 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.