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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 2024-04-29 View latest technical analysis

10 day averaged volume of Cognex Corporation is 746540

Date	Daily Closing Price	Open	High	Low	Volume
29 Mon Apr 2024	41.41	40.73	41.81	40.73	1.729 times
26 Fri Apr 2024	40.61	39.90	40.94	39.69	0.726 times
25 Thu Apr 2024	39.79	39.28	39.88	38.85	0.761 times
24 Wed Apr 2024	39.53	39.40	40.71	39.28	1.414 times
23 Tue Apr 2024	39.54	39.22	39.93	39.22	0.686 times
22 Mon Apr 2024	39.17	38.85	39.35	38.56	1.024 times
19 Fri Apr 2024	38.46	38.69	39.07	38.30	0.912 times
18 Thu Apr 2024	38.69	39.17	39.18	38.48	0.949 times
17 Wed Apr 2024	39.21	39.93	39.93	39.19	1.243 times
16 Tue Apr 2024	39.62	39.52	39.93	39.19	0.866 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 41.1, but if it comes below 41.1, then a intra day sell could be more profitable.
If you take a sell trade below 41.1, then use 41.1 as stoploss and 40.2 as target. However if you take a buy trade in stock , then use 41.1 as stoploss and 42.3 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
Downside Target	41.17
Downside Target	41.34
Upside Target	41.81
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	40.82
Downside Intraday Target	40.24
Upside Intraday Target	41.9
Upside Intraday Target	42.4
Downside Intraday Target	41.32

Weekly technical analysis of Cognex Corporation (CGNX)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Mon Apr 2024	41.41	40.73	41.81	40.73	0.375 times
26 Fri Apr 2024	40.61	38.85	40.94	38.56	0.856 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

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
29 Mon Apr 2024	41.41	42.49	42.60	38.30	0.634 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 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 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 BUY. Signal strength is Strong and stock is gaining momentum.

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

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 moving up

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 negative zone. This is the SELL 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 39.7 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.