COGNEX CORP.
COGNEX CORP.
- USD (-)
- 15 min delayed data - NASDAQ Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: CGNX
ISIN:

COGNEX CORP. - Daily - Technical analysis published on 07/12/2019 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Strongly bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 43.74 USD
My targets
40.69 USD (-2.98%)
34.94 USD (-16.69%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on COGNEX CORP. as long as the price remains well below 43.74 USD. The sellers” bearish objective is set at 40.69 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 34.94 USD. In case of crossing, the next objective would be the support located at 25.80 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

COGNEX CORP. rating 41.94 USD. The price is lower by -1.18% since the last closing and was traded between 41.71 USD and 42.74 USD over the period. The price is currently at +0.55% from its lowest and -1.87% from its highest.

41.71
42.74
41.94

A study of price movements over other periods shows the following variations:

Technical


Technical analysis of this Daily chart of COGNEX CORP. indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Price is back under the pivot point

Type : Bearish

Timeframe : Daily


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Support of channel is broken

Type : Bearish

Timeframe : Daily



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Central Candlesticks

Bearish engulfing lines

Type : Bearish

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 25.80 34.94 40.69 41.94 43.74 47.38 51.49
Change (%) -38.48% -16.69% -2.98% - +4.29% +12.97% +22.77%
Change -16.14 -7.00 -1.25 - +1.80 +5.44 +9.55
Level Major Major Major - Major Major Minor



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
Standard40.2941.1741.8142.6943.3244.2044.84
Camarilla42.0242.1642.3042.4442.5842.7242.86
Woodie40.1741.1141.6842.6243.2044.1444.71
Fibonacci41.1741.7542.1142.6943.2643.6244.20


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard34.6938.7941.6145.7148.5352.6355.45
Camarilla42.5443.1743.8144.4445.0745.7146.34
Woodie34.0638.4740.9845.3947.9052.3154.82
Fibonacci38.7941.4343.0645.7148.3549.9852.63

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): 34.93
MACD (12,26,9): -0.6000
Directional Movement: -8.39
AROON (14): -50.00
DEMA (21): 44.05
Parabolic SAR (0,02-0,02-0,2): 48.39
Elder Ray (13): -2.12
Super Trend (3,10): 46.45
Zig ZAG (10): 41.94
VORTEX (21): 0.8000
Stochastique (14,3,5): 6.45
TEMA (21): 43.94
Williams %R (14): -97.16
Chande Momentum Oscillator (20): -4.31
Repulse (5,40,3): -4.4500
ROCnROLL: 2
TRIX (15,9): 0.0100
Courbe Coppock: 6.98
MA7: 43.72
MA20: 45.24
MA50: 44.83
MA100: 49.04
MAexp7: 43.55
MAexp20: 44.66
MAexp50: 45.75
MAexp100: 46.74
Price / MA7: -4.07%
Price / MA20: -7.29%
Price / MA50: -6.45%
Price / MA100: -14.48%
Price / MAexp7: -3.70%
Price / MAexp20: -6.09%
Price / MAexp50: -8.33%
Price / MAexp100: -10.27%

This member declared not having a position on this financial instrument or a related financial instrument.

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