COGNEX CORP. - Daily - Technical analysis published on 09/26/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
39%
17%
44%
My opinion
Bullish above 47.99 USD
My targets
50.45 USD (+5.02%)
54.66 USD (+13.78%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on COGNEX CORP. as long as the price remains well above 47.99 USD. The buyers” bullish objective is set at 50.45 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 54.66 USD. If there is any crossing, the next objective would be the resistance located at 56.84 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
5.7
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The COGNEX CORP. price is 48.04 USD. On the day, this instrument gained +1.97% and was traded between 46.77 USD and 48.27 USD over the period. The price is currently at +2.72% from its lowest and -0.48% from its highest.46.77
48.27
48.04
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
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 bullish. 82.14% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Daily
The probability of a further increase is slight given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
RSI indicator is back under 50
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : Daily
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Horizontal support is broken
Type : Bearish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 43.74 | 46.12 | 47.99 | 48.04 | 50.45 | 54.66 | 56.84 |
| Change (%) | -8.95% | -4.00% | -0.10% | - | +5.02% | +13.78% | +18.32% |
| Change | -4.30 | -1.92 | -0.05 | - | +2.41 | +6.62 | +8.80 |
| Level | Major | Intermediate | Major | - | Major | Minor | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 44.55 | 45.58 | 46.35 | 47.38 | 48.15 | 49.18 | 49.95 |
| Camarilla | 46.62 | 46.78 | 46.95 | 47.11 | 47.28 | 47.44 | 47.61 |
| Woodie | 44.41 | 45.52 | 46.21 | 47.32 | 48.01 | 49.12 | 49.81 |
| Fibonacci | 45.58 | 46.27 | 46.70 | 47.38 | 48.07 | 48.50 | 49.18 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 44.16 | 46.07 | 47.14 | 49.06 | 50.13 | 52.04 | 53.11 |
| Camarilla | 47.39 | 47.66 | 47.94 | 48.21 | 48.48 | 48.76 | 49.03 |
| Woodie | 43.73 | 45.86 | 46.72 | 48.84 | 49.70 | 51.83 | 52.69 |
| Fibonacci | 46.07 | 47.21 | 47.92 | 49.06 | 50.20 | 50.90 | 52.04 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 35.89 | 38.05 | 41.56 | 43.72 | 47.23 | 49.39 | 52.90 |
| Camarilla | 43.52 | 44.04 | 44.56 | 45.08 | 45.60 | 46.12 | 46.64 |
| Woodie | 36.58 | 38.39 | 42.25 | 44.06 | 47.92 | 49.73 | 53.59 |
| Fibonacci | 38.05 | 40.21 | 41.55 | 43.72 | 45.88 | 47.22 | 49.39 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 54.02 | |
| MACD (12,26,9): | 1.0400 | |
| Directional Movement: | -4.29 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 49.19 | |
| Parabolic SAR (0,02-0,02-0,2): | 50.74 | |
| Elder Ray (13): | -0.74 | |
| Super Trend (3,10): | 46.72 | |
| Zig ZAG (10): | 48.04 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 42.82 | |
| TEMA (21): | 49.49 | |
| Williams %R (14): | -62.61 | |
| Chande Momentum Oscillator (20): | 0.33 | |
| Repulse (5,40,3): | -0.8700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.4300 | |
| Courbe Coppock: | 14.78 |
| MA7: | 48.84 | |
| MA20: | 47.68 | |
| MA50: | 45.20 | |
| MA100: | 44.84 | |
| MAexp7: | 48.41 | |
| MAexp20: | 47.73 | |
| MAexp50: | 46.29 | |
| MAexp100: | 46.12 | |
| Price / MA7: | -1.64% | |
| Price / MA20: | +0.76% | |
| Price / MA50: | +6.28% | |
| Price / MA100: | +7.14% | |
| Price / MAexp7: | -0.76% | |
| Price / MAexp20: | +0.65% | |
| Price / MAexp50: | +3.78% | |
| Price / MAexp100: | +4.16% |
News
Don"t forget to follow the news on COGNEX CORP.. At the time of publication of this analysis, the latest news was 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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