CGNX (NASDAQ)

CGNX NASDAQ

Cognex

SELL

54.96

Prev.Close

55.84

Change

-0.8800

Change%

-1.58%

BEARISH THREE GAP UPS

Sold at

54.96

Open

55.14

High

55.49

Low

54.61

54.96

0.00%

Signal History

Date	Price	Signal	Change%	$100⇨
05/31	54.96	SELL	0.0%	104
05/26	54.24	BUY	+1.3%	103
05/23	52.10	SELL	+4.1%	103
05/01	48.12	BUY	+8.3%	96
04/25	47.85	SELL	+0.6%	96
04/11	48.55	BUY	-1.4%	98
04/04	49.02	SELL	-1.0%	98
03/30	48.70	BUY	+0.7%	97
03/07	48.50	SHORT	+0.4%	98
03/01	47.67	BUY	+1.7%	97
02/17	48.46	SHORT	-1.6%	96
02/14	54.40	BUY	-10.9%	108
02/09	54.08	SELL	+0.6%	108
01/20	51.09	BUY	+5.8%	102
01/18	51.01	SELL	+0.2%	102
01/03	47.80	BUY	+6.7%	96
12/28	46.86	SHORT	+2.0%	99
12/21	47.47	BUY	-1.3%	100
12/16	48.78	SELL	-2.7%	100
12/08	48.67	BUY	+0.2%	100
12/06	49.59	SHORT	-1.9%	99
11/30	49.78	BUY	-0.4%	100

† Trade commissions are taken as 0.20%.

Pattern & Confirmation Chart for the Last 6 Months

Our system’s recommendation today is to SELL. The BEARISH THREE GAP UPS pattern finally received a confirmation because the prices crossed below the confirmation level which was at 55.64, and our valid average selling price stands now at 54.96. The previous BUY signal was issued on 05/26/2023, 5 days ago, when the stock price was 54.24. Since then CGNX has risen by +1.33%.

We may be at a market top or at the start of a correction. The market ran out of steam and the traders are now more in agreement about the bearishness. The evidence is strong enough to prompt the closing of long positions. Today’s candlestick has a black body and its close is below the confirmation level. The bearish pattern that was previously identified is finally confirmed and a <SELL signal is generated. You still have time to follow the signal and then you may start checking other securities for a bullish bet.

This is a four day bearish reversal pattern. It consists of three consecutive days each gapping higher on the open. After Three Gap Ups the market becomes extremely overbought and ready for the reversal of the current uptrend. more...

Date	Price	Signal	Change%	$100⇨
05/31	54.96	SELL	0.0%	115
05/26	54.24	BUY	+1.3%	113
05/23	52.10	SELL	+4.1%	114
05/01	48.12	BUY	+8.3%	105
04/25	47.85	SELL	+0.6%	105
04/11	48.55	BUY	-1.4%	107
04/04	49.02	SELL	-1.0%	107
03/30	48.70	BUY	+0.7%	107
03/07	48.50	SHORT	+0.4%	108
03/01	47.67	BUY	+1.7%	106
02/17	48.46	SHORT	-1.6%	105
02/14	54.40	BUY	-10.9%	118
02/09	54.08	SELL	+0.6%	119
01/20	51.09	BUY	+5.8%	112
01/18	51.01	SELL	+0.2%	113
01/03	47.80	BUY	+6.7%	106
12/28	46.86	SHORT	+2.0%	108
12/21	47.47	BUY	-1.3%	110
12/16	48.78	SELL	-2.7%	110
12/08	48.67	BUY	+0.2%	110
12/06	49.59	SHORT	-1.9%	109
11/30	49.78	BUY	-0.4%	110
11/16	50.37	SELL	-1.2%	110
11/10	48.57	BUY	+3.7%	106
11/01	45.99	SELL	+5.6%	106
10/17	43.10	BUY	+6.7%	100
10/07	43.64	SELL	-1.2%	100
10/04	44.62	BUY	-2.2%	103
09/30	41.78	SELL	+6.8%	103
09/28	42.87	BUY	-2.5%	106
09/22	42.46	SELL	+1.0%	106
09/16	42.22	BUY	+0.6%	105
09/13	43.90	SELL	-3.8%	106
09/07	42.84	BUY	+2.5%	103
09/02	42.47	SHORT	+0.9%	105
08/25	44.31	BUY	-4.2%	110
08/19	46.48	SHORT	-4.7%	105
08/12	48.18	BUY	-3.5%	109
08/08	47.91	SELL	+0.6%	110
07/28	49.37	BUY	-3.0%	113