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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 2024-04-04 View latest technical analysis

10 day averaged volume of Cognex Corporation is 918050

Date	Daily Closing Price	Open	High	Low	Volume
04 Thu Apr 2024	40.10	41.34	41.51	40.03	0.867 times
03 Wed Apr 2024	40.81	40.52	41.05	40.11	1.001 times
02 Tue Apr 2024	40.79	41.32	41.45	40.32	0.997 times
01 Mon Apr 2024	41.75	42.49	42.60	41.65	0.847 times
28 Thu Mar 2024	42.42	42.48	42.77	42.20	0.834 times
27 Wed Mar 2024	42.48	41.59	42.56	41.56	1.033 times
26 Tue Mar 2024	41.34	42.02	42.18	41.32	1.024 times
25 Mon Mar 2024	41.64	41.69	42.01	41.44	0.816 times
22 Fri Mar 2024	41.85	41.89	42.23	41.33	1.176 times
21 Thu Mar 2024	41.93	41.67	42.15	41.34	1.279 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 40.6, but if it comes above 40.6, then a intra day buy could be more profitable.
If you take a sell trade below 40.6, then use 40.6 as stoploss and 39.8 as target. However if you take a buy trade in stock , then use 40.6 as stoploss and 41.19 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	39.10
Upside Target	41.52
Upside Target	42.10
Upside Target	42.23
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	39.22
Downside Intraday Target	38.34
Upside Intraday Target	41.79
Upside Intraday Target	43.48
Upside Intraday Target	40.91

Weekly technical analysis of Cognex Corporation (CGNX)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Thu Apr 2024	40.10	42.49	42.60	40.03	1.002 times
28 Thu Mar 2024	42.42	41.69	42.77	41.32	0.564 times
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

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 Thu Apr 2024	40.10	42.49	42.60	40.03	0.13 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 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 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 Weak and stock is losing momentum.

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

Cognex Corporation Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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

CCI has generated a SELL signal for Cognex Corporation in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying 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 41.53 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 positive

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