An Important Cognex Corporation (NASDAQ:CGNX) Review (2020-01-06)

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REPORTING FOR 2020-01-06 | WCX19.ORG: We have done an in-depth analysis of how CGNX has been trading over the last 2 weeks and the past day especially. On its latest session, Cognex Corporation (NASDAQ:CGNX) opened at 55.61, reaching a high of 56.35 and a low of 55.22 before closing at a price of 55.97. There was a total volume of 500973.

VOLUME INDICATORS FOR COGNEX CORPORATION (NASDAQ:CGNX): We saw an accumulation-distribution index of 571.61941, an on-balance volume of 56.61, chaikin money flow of 2.05405 and a force index of 0.0245. There was an ease of movement rating of -0.00323, a volume-price trend of 6.59552 and a negative volume index of 1000.0.

VOLATILITY INDICATORS FOR COGNEX CORPORATION (NASDAQ:CGNX): We noted an average true range of 0.73079, bolinger bands of 55.52627, an upper bollinger band of 55.07373, lower bollinger band of 55.22, a bollinger high band indicator of 1.0, bollinger low band indicator of 1.0, a central keltner channel of 55.72667, high band keltner channel of 54.98667, low band keltner channel of 56.46667, a high band keltner channel indicator of 1.0 and a low band keltner channel indicator of 1.0. There was a donchian channel high band of 55.22, a donchian channel low band of 55.22, a donchian channel high band indicator of 1.0, and a donchian channel low band indicator of 1.0.

TREND INDICATORS FOR COGNEX CORPORATION (NASDAQ:CGNX): We calculated a Moving Average Convergence Divergence (MACD) of 0.00359, a MACD signal of 0.00199, a MACD difference of 0.0016, a fast Exponential Moving Average (EMA) indicator of 55.22, a slow Exponential Moving Average (EMA) indicator of 55.22, an Average Directional Movement Index (ADX) of unknown, an ADX positive of 20.0, an ADX negative of 20.0, a positive Vortex Indicator (VI) of 1.0, a negative VI of 1.0, a trend vortex difference of 0.09586, a trix of 7.36615, a Mass Index (MI) of 1.0, a Commodity Channel Index (CCI) of 66.66667, a Detrended Price Oscillator (DPO) of -5.86053, a KST Oscillator (KST) of 118.7316 and a KST Oscillator (KST Signal) of 118.7316 (leaving a KST difference of 0.81038). We also found an Ichimoku rating of 55.98, an Ichimoku B rating of 55.98, a Ichimoku visual trend A of 51.19537, an Ichimoku visual trend B of 52.34445, an Aroon Indicator (AI) up of 4.0 and an AI indicator down of 4.0. That left a difference of 4.0.

MOMENTUM INDICATORS FOR COGNEX CORPORATION (NASDAQ:CGNX): We found a Relative Strength Index (RSI) of 50.0, a Money Flow Index (MFI) of 100.0, a True Strength Index (TSI) of 100.0, an ultimate oscillator of 93.76053, a stochastic oscillator of 152.7027, a stochastic oscillator signal of 152.7027, a Williams %R rating of 52.7027 and an awesome oscillator of 0.05533.

RETURNS FOR COGNEX CORPORATION (NASDAQ:CGNX): There was a daily return of 11.87316, a daily log return of 0.28933 and a cumulative return of 0.28975.

What the heck does all of this mean? If you are new to technical analysis, the above may be gibberish to you, and that’s OK (though we do advise learning these things). The bottom line is that AS OF 2020-01-06 (if you are reading this later, the analysis will be out of date), here is what our deep analysis of technical indicators are telling us for Cognex Corporation (NASDAQ:CGNX)…

DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling Cognex Corporation (NASDAQ:CGNX) based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.