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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.

10 day averaged volume of Cognex Corporation is 1326940

Date	Daily Closing Price	Open	High	Low	Volume
10 Fri May 2024	46.42	46.89	47.15	46.34	0.608 times
09 Thu May 2024	46.50	46.32	46.54	45.67	0.598 times
08 Wed May 2024	46.32	45.60	46.36	45.42	0.97 times
07 Tue May 2024	45.90	44.72	46.20	44.53	1.473 times
06 Mon May 2024	44.49	44.42	44.57	43.95	0.827 times
03 Fri May 2024	43.79	44.38	44.83	43.53	1.064 times
02 Thu May 2024	43.36	42.69	44.47	41.99	1.351 times
01 Wed May 2024	40.94	41.46	42.13	40.80	1.147 times
30 Tue Apr 2024	41.54	41.15	42.10	41.15	1.189 times
29 Mon Apr 2024	41.41	40.73	41.81	40.73	0.973 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 44.5, but if it comes below 44.5, then a intra day sell could be more profitable.
If you take a sell trade below 44.5, then use 44.5 as stoploss and 41.76 as target. However if you take a buy trade in stock , then use 44.5 as stoploss and 47.9 as target.

Share price targets for Cognex Corporation (CGNX)

Target Type	Value
Downside Target	34.79
Downside Target	36.00
Downside Target	38.30
Downside Target	40.10
Downside Target	41.34
Downside Target	42.38
Downside Target	42.60
Downside Target	42.77
Downside Target	43.95
Downside Target	44.83
Upside Target	47.15

Intraday share price targets for Cognex Corporation (CGNX)

Target Type	Value
Downside Intraday Target	44.53
Downside Intraday Target	42.64
Upside Intraday Target	47.73
Upside Intraday Target	49.04
Downside Intraday Target	45.84

Weekly technical analysis of Cognex Corporation (CGNX)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Fri May 2024	46.42	44.42	47.15	43.95	0.782 times
03 Fri May 2024	43.79	40.73	44.83	40.73	2.206 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

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
10 Fri May 2024	46.42	41.46	47.15	40.80	0.585 times
30 Tue Apr 2024	41.54	42.49	42.60	38.30	0.694 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

Scroll below to view daily charts

Price has moved up 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 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 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 and the buy signal is strong.

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 tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Cognex Corporation is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 43.84 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.