COGNEX CORP. - Daily - Technical analysis published on 07/11/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
89%
6%
6%
My opinion
Bullish above 58.75 USD
My targets
63.13 USD (+1.56%)
72.43 USD (+16.52%)
My analysis
The bullish trend is currently very strong on COGNEX CORP.. As long as the price remains above the support at 58.75 USD, you could try to benefit from the boom. The first bullish objective is located at 63.13 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 72.43 USD as an objective. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.8
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This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The COGNEX CORP. rating is 62.16 USD. The price registered a decrease of -0.18% on the session with the lowest point at 61.46 USD and the highest point at 62.39 USD. The deviation from the price is +1.14% for the low point and -0.37% for the high point.61.46
62.39
62.16
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of COGNEX CORP. indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 16 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
Resistance of triangle is broken
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 49.30 | 54.58 | 58.75 | 62.16 | 63.13 | 72.43 |
| Change (%) | -20.69% | -12.19% | -5.49% | - | +1.56% | +16.52% |
| Change | -12.86 | -7.58 | -3.41 | - | +0.97 | +10.27 |
| Level | Minor | Intermediate | Major | - | Intermediate | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 59.73 | 60.39 | 61.33 | 61.98 | 62.92 | 63.58 | 64.52 |
| Camarilla | 61.83 | 61.98 | 62.12 | 62.27 | 62.42 | 62.56 | 62.71 |
| Woodie | 59.88 | 60.46 | 61.47 | 62.05 | 63.07 | 63.65 | 64.66 |
| Fibonacci | 60.39 | 61.00 | 61.37 | 61.98 | 62.59 | 62.97 | 63.58 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 56.25 | 57.25 | 58.83 | 59.83 | 61.41 | 62.41 | 63.99 |
| Camarilla | 59.71 | 59.95 | 60.18 | 60.42 | 60.66 | 60.89 | 61.13 |
| Woodie | 56.55 | 57.40 | 59.13 | 59.98 | 61.71 | 62.56 | 64.29 |
| Fibonacci | 57.25 | 58.23 | 58.84 | 59.83 | 60.81 | 61.42 | 62.41 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 46.30 | 49.97 | 54.85 | 58.52 | 63.40 | 67.07 | 71.95 |
| Camarilla | 57.37 | 58.15 | 58.94 | 59.72 | 60.50 | 61.29 | 62.07 |
| Woodie | 46.90 | 50.27 | 55.45 | 58.82 | 64.00 | 67.37 | 72.55 |
| Fibonacci | 49.97 | 53.24 | 55.26 | 58.52 | 61.79 | 63.81 | 67.07 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 59.89 | |
| MACD (12,26,9): | 1.2700 | |
| Directional Movement: | 15.18 | |
| AROON (14): | 85.72 | |
| DEMA (21): | 61.25 | |
| Parabolic SAR (0,02-0,02-0,2): | 58.18 | |
| Elder Ray (13): | 1.57 | |
| Super Trend (3,10): | 62.94 | |
| Zig ZAG (10): | 62.16 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 89.97 | |
| TEMA (21): | 61.50 | |
| Williams %R (14): | -7.30 | |
| Chande Momentum Oscillator (20): | 3.35 | |
| Repulse (5,40,3): | 1.8300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2100 | |
| Courbe Coppock: | 15.22 |
| MA7: | 61.12 | |
| MA20: | 58.91 | |
| MA50: | 58.24 | |
| MA100: | 51.92 | |
| MAexp7: | 61.21 | |
| MAexp20: | 59.70 | |
| MAexp50: | 57.35 | |
| MAexp100: | 54.80 | |
| Price / MA7: | +1.70% | |
| Price / MA20: | +5.52% | |
| Price / MA50: | +6.73% | |
| Price / MA100: | +19.72% | |
| Price / MAexp7: | +1.55% | |
| Price / MAexp20: | +4.12% | |
| Price / MAexp50: | +8.39% | |
| Price / MAexp100: | +13.43% |
Quotes :
2020-07-10 19:59:59
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15 min delayed data
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NASDAQ Stocks
News
The last news published on COGNEX CORP. at the time of the generation of this analysis was as follows:
- Cognex Announces Second Quarter Earnings Release Date and Conference Call
- Cognex Announces Significant Cost-Cutting Measures
- Cognex Declares Quarterly Cash Dividend
- Cognex Reports Results for the First Quarter of 2020
- Cognex Announces First Quarter Earnings Release Date and Conference Call
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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