Cognex Corporation Stock Forecast
Cognex Corporation stock price ended at 45.89€ on Monday, after gaining 1.52%.
(Updated on Jun 17, 2024)
The Cognex Corporation stock price gained 1.52% on the last trading day (Monday, 17th Jun 2024), rising from 45.21€ to 45.89€. During the last trading day the stock fluctuated 0.92% from a day low at 45.47€ to a day high of 45.89€. The price has risen in 7 of the last 10 days and is up by 2.98% over the past 2 weeks. Volume fell on the last day by -47 shares and in total, 134 shares were bought and sold for approximately 6.15€ thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 15.61% during the next 3 months and, with a 90% probability hold a price between 49.64€ and 58.18€ at the end of this 3-month period.
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0I14.L Signals & Forecast
The Cognex Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at 44.64€ and 45.30€. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, May 22, 2024, and so far it has fallen -5.46%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Cognex Corporation stock
Cognex Corporation finds support from accumulated volume at 44.56€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved 0.420€ between high and low, or 0.92%. For the last week the stock has had daily average volatility of 1.09%.
Our recommended stop-loss: 43.65€ (-4.88%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 31 days ago.)
Trading Expectations (0I14.L) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Cognex Corporation to open at 45.75€, and during the day (based on 14 day Average True Range), to move between 44.88€ and 46.90€, which gives a possible trading interval of +/-1.01€ (+/-2.20%) up or down from last closing price. If Cognex Corporation takes out the full calculated possible swing range there will be an estimated 4.39% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 46.04€ (0.33%) than the support at 44.56€ (2.90%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Cognex Corporation stock A Buy?
Cognex Corporation holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.760 Hold/Accumulate Unchanged
Predicted Opening Price for Cognex Corporation of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| 45.75€ ( 0.305%) | 45.89€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0I14.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 46.17 | 0.610% |
| R2 | 46.01 | 0.261% |
| R1 | 45.91 | 0.0445% |
| Price | 45.89 | |
| S1 | 45.59 | -0.655% |
| S2 | 45.49 | -0.87% |
| S3 | 45.33 | -1.22% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 47.17 | 2.79% |
| R2 | 46.80 | 1.98% |
| R1 | 46.04 | 0.327% |
| Price | 45.89 | |
| S1 | 44.56 | -2.90% |
| S2 | 40.87 | -10.94% |
| S3 | 38.70 | -15.67% |
0I14 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 15, 2024 | May 15, 2024 | May 30, 2024 | 0.0750€ | 0.163% |
| 2 | Feb 28, 2024 | Feb 28, 2024 | Mar 14, 2024 | 0.0750€ | 0.179% |
| 3 | Nov 16, 2023 | Nov 16, 2023 | Nov 16, 2023 | 0.0750€ | 0.206% |
| 4 | Aug 17, 2023 | Aug 17, 2023 | Aug 17, 2023 | 0.0700€ | 0.150% |
| 5 | May 18, 2023 | May 18, 2023 | May 18, 2023 | 0.0700€ | 0.133% |
FAQ
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