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:
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:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
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:
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:
Bearish engulfing lines
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| 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 |
|---|---|---|---|---|---|---|---|
| Standard | 40.29 | 41.17 | 41.81 | 42.69 | 43.32 | 44.20 | 44.84 |
| Camarilla | 42.02 | 42.16 | 42.30 | 42.44 | 42.58 | 42.72 | 42.86 |
| Woodie | 40.17 | 41.11 | 41.68 | 42.62 | 43.20 | 44.14 | 44.71 |
| Fibonacci | 41.17 | 41.75 | 42.11 | 42.69 | 43.26 | 43.62 | 44.20 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 34.69 | 38.79 | 41.61 | 45.71 | 48.53 | 52.63 | 55.45 |
| Camarilla | 42.54 | 43.17 | 43.81 | 44.44 | 45.07 | 45.71 | 46.34 |
| Woodie | 34.06 | 38.47 | 40.98 | 45.39 | 47.90 | 52.31 | 54.82 |
| Fibonacci | 38.79 | 41.43 | 43.06 | 45.71 | 48.35 | 49.98 | 52.63 |
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% |
News
The latest news and videos published on COGNEX CORP. at the time of the analysis were as follows:
- Cognex Reports Record Fourth Quarter and Full Year Results for 2018
- Cognex Declares Quarterly Cash Dividend
- Cognex Corporation to Host Earnings Call
- Consolidated Research: 2018 Summary Expectations for R.R. Donnelley & Sons, Northern Oil and Gas, Ducommun, Cloud Peak Energy, Synovus Financial, and Cognex — Fundamental Analysis, Key Performance Indications
- Report: Developing Opportunities within Entravision Communications, Synovus Financial, Cognex, Cloud Peak Energy, R.R. Donnelley & Sons, and HealthSouth — Future Expectations, Projections Moving into 2018
This member declared not having a position on this financial instrument or a related financial instrument.
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