Technical Analysis for CGNX - Cognex Corporation

Grade Last Price % Change Price Change
D 38.49 -0.52% -0.20
CGNX closed down 1.33 percent on Thursday, April 18, 2024, on 44 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
Earnings due: May 2
*** please verify all earnings dates ***
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Down Down

Date Alert Name Type % Chg
NR7 Range Contraction -0.52%
Lower Bollinger Band Walk Weakness -0.52%
Below Lower BB Weakness -0.52%
Down 3 Days in a Row Weakness -0.52%
Down 4 Days in a Row Weakness -0.52%
Down 5 Days in a Row Weakness -0.52%
Lower Bollinger Band Touch Weakness -0.52%
Oversold Stochastic Weakness -0.52%
50 DMA Resistance Bearish -1.84%
MACD Bearish Centerline Cross Bearish -1.84%

   Recent Intraday Alerts

Alert Time
60 Minute Opening Range Breakdown 27 minutes ago
Fell Below Previous Day's Low about 1 hour ago
Possible NR7 about 2 hours ago
Possible Inside Day about 2 hours ago
60 Minute Opening Range Breakout about 5 hours ago

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Profile

Cognex Corporation Description

Cognex Corporation provides machine vision products that capture and analyze visual information to automate tasks primarily in manufacturing processes. It operates in two divisions, Modular Vision Systems and Surface Inspection Systems. The Modular Vision Systems division develops, manufactures, and markets modular vision systems that are used to automate the manufacture of discrete items, such as cellular phones, aspirin bottles, and automobile wheels by locating, identifying, inspecting, and measuring them during the manufacturing and distributing process. The Surface Inspection Systems division develops, manufactures, and markets surface inspection vision systems that are used to inspect the surfaces of materials processed in a continuous fashion, including metals, papers, nonwoven, plastics, and glass. The company serves customers in factory automation, semiconductor and electronics capital equipment, and surface inspection markets. Cognex Corporation sells its products through direct sales force, as well as through a network of integration and distribution partners worldwide. The company was founded in 1981 and is headquartered in Natick, Massachusetts.


Classification

Sector: Technology
Industry: Scientific & Technical Instruments
Keywords: Semiconductor Plastic Manufacturing Process Automation Wheels Capital Equipment Manufacturing Processes Vision Systems Machine Vision Inspection Systems Vision Products

Is CGNX a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 59.1875
52 Week Low 34.1448
Average Volume 1,624,816
200-Day Moving Average 41.90
50-Day Moving Average 39.90
20-Day Moving Average 40.94
10-Day Moving Average 40.38
Average True Range 1.00
RSI (14) 37.50
ADX 21.31
+DI 18.21
-DI 26.70
Chandelier Exit (Long, 3 ATRs) 39.77
Chandelier Exit (Short, 3 ATRs) 41.48
Upper Bollinger Bands 43.02
Lower Bollinger Band 38.86
Percent B (%b) -0.04
BandWidth 10.17
MACD Line -0.23
MACD Signal Line 0.13
MACD Histogram -0.3573
Fundamentals Value
Market Cap 6.66 Billion
Num Shares 172 Million
EPS 0.91
Price-to-Earnings (P/E) Ratio 42.52
Price-to-Sales 7.19
Price-to-Book 4.25
PEG Ratio 2.04
Dividend 0.28
Dividend Yield 0.72%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 39.74
Resistance 3 (R3) 39.79 39.48 39.57
Resistance 2 (R2) 39.48 39.22 39.46 39.51
Resistance 1 (R1) 39.09 39.05 38.94 39.04 39.45
Pivot Point 38.78 38.78 38.71 38.76 38.78
Support 1 (S1) 38.39 38.52 38.24 38.34 37.93
Support 2 (S2) 38.08 38.35 38.06 37.87
Support 3 (S3) 37.69 38.08 37.82
Support 4 (S4) 37.64