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Weaker Hold
Today CGNX ranks #3389 as hold candidate. Get a Free Stock at Robinhood
Stronger Stock

$77.53 (2.50%)

Volume: 628k

Closed: Dec 07, 2021

Hollow Logo Score: -0.137

Cognex Corporation Stock Forecast

$77.53 (2.50%)

Volume: 628k

Closed: Dec 07, 2021

Score Hollow Logo -0.137
Which way will CGNX go? Request
Stop-loss: $73.94 (-4.63%)
Key Stats
P/E Ratio 45.20
Beta 1.33
Trailing Dividend Rate 0.32% ($0.24)
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 38 and the stock is currently not being overbought or oversold

Green day on Tuesday for Cognex Corporation
(Updated on Dec 07, 2021)

Hold candidate since 2021-12-06 Gain 2.50%

The Cognex Corporation stock price gained 2.50% on the last trading day (Tuesday, 7th Dec 2021), rising from $75.64 to $77.53. , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 2.09% from a day low at $76.98 to a day high of $78.59. The price has risen in 6 of the last 10 days, but is still down by -0.59% for this period. Volume fell on the last day by -54 thousand shares and in total, 628 thousand shares were bought and sold for approximately $48.71 million. 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 falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -9.12% during the next 3 months and, with a 90% probability hold a price between $67.59 and $80.29 at the end of this 3-month period.

Signals & Forecast

There are mixed signals in the stock today. The Cognex Corporation stock holds a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term moving average at $82.19. On a fall, the stock will find some support from the short-term average at $76.46. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Wednesday, December 01, 2021, and so far it has risen 3.46%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss

Cognex Corporation finds support from accumulated volume at $77.25 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.61 between high and low, or 2.09%. For the last week, the stock has had a daily average volatility of 3.41%.

Our recommended stop-loss: $73.94 (-4.63%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 4 days ago.)

Is Cognex Corporation stock A Buy?

Cognex Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.137

Predicted Opening Price for Cognex Corporation of Wednesday, December 8, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price December 8, 2021 Current price
$77.70 $77.53 (Undervalued)
Hold/Accumulate Unchanged

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Analyst Ratings

On Nov 12, 2021 "Morgan Stanley" gave "$78.00 - $85.00" rating for CGNX. The price target was set to $81.47+1.5%.

Volatility and Risk
Daily Average Volatility: 3.41 %
Overall Risk: Very High High Medium Low Very Low
3.41 %
Daily Average Volatility
Overall Risk

Very High
Very Low

Support & Resistance

Resistance: $78.96
Price: $77.53
Support: $77.25

CGNX Insider Trading Show all Trades



Last 100 transactions
Buy: 933 289 | Sell: 1 191 475 (Shares)
Date Action Amount Person Type
Nov 12, 2021 Sell 3 000 Todgham Paul Common Stock
Nov 08, 2021 Buy 544 Sennett Marjorie T. Restricted Stock Unit
Sep 08, 2021 Buy 30 000 Sun Anthony Common Stock
Sep 08, 2021 Sell 30 000 Sun Anthony Common Stock
Sep 08, 2021 Sell 30 000 Sun Anthony Non-Qualified Stock Option (right to buy)
Show all Insider Trades


Last 100 transactions
Buy: 933 289 | Sell: 1 191 475 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 79.31 2.30 %
78.69 1.50 %
78.32 1.01 %
Current price: 77.53
Support 77.08 -0.57 %
76.71 -1.06 %
76.09 -1.86 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 88.84 14.59 %
80.27 3.53 %
78.96 1.84 %
Current price 77.53
Support 77.25 -0.36%
75.64 -2.44%
75.22 -2.98%

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About Cognex Corporation

Cognex Cognex Corporation provides machine vision products that capture and analyze visual information in order to automate tasks primarily in manufacturing processes. The company develops, manufactures, and markets machine vision products that are used to automate the manufacture and tracking of discrete items, such as mobile phones, aspirin bottles, and automobile tires by locating, identifying, inspecting, and measuring them during the manufacturing ... Read more

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