Trading (CGNX) With Integrated Risk Controls
December 11, 2024, 17:28 pm ET, BY Neal- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for CGNX
- Buy CGNX near 36.73 target 41.78 stop loss @ 36.62 Details
The technical summary data tells us to buy CGNX near 36.73 with an upside target of 41.78. This data also tells us to set a stop loss @ 36.62 to protect against excessive loss in case the stock begins to move against the trade. 36.73 is the first level of support below 37.49 , and by rule, any test of support is a buy signal. In this case, support 36.73 would be being tested, so a buy signal would exist.
- Short CGNX slightly under 41.78, target 36.73, stop loss @ 41.9 Details
The technical summary data is suggesting a short of CGNX as it gets near 41.78 with a downside target of 36.73. We should have a stop loss in place at 41.9though. 41.78 is the first level of resistance above 37.49, and by rule, any test of resistance is a short signal. In this case, if resistance 41.78 is being tested, so a short signal would exist.
Swing Trading Plans for CGNX
- Buy CGNX slightly over 38.58, target 41.78, Stop Loss @ 38.47 Details
If 38.58 begins to break higher, the technical summary data tells us to buy CGNX just slightly over 38.58, with an upside target of 41.78. The data also tells us to set a stop loss @ 38.47 in case the stock turns against the trade. 38.58 is the first level of resistance above 37.49, and by rule, any break above resistance is a buy signal. In this case, 38.58, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short CGNX slightly near 38.58, target 37.16, Stop Loss @ 38.69. Details
The technical summary data is suggesting a short of CGNX if it tests 38.58 with a downside target of 37.16. We should have a stop loss in place at 38.69 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 38.58, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for CGNX
- Buy CGNX slightly over 37.68, target 38.63, Stop Loss @ 37.59 Details
If 37.68 begins to break higher, the technical summary data tells us to buy CGNX just slightly over 37.68, with an upside target of 38.63. The data also tells us to set a stop loss @ 37.59 in case the stock turns against the trade. 37.68 is the first level of resistance above 37.49, and by rule, any break above resistance is a buy signal. In this case, 37.68, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short CGNX slightly near 37.68, target 37.16, Stop Loss @ 37.77. Details
The technical summary data is suggesting a short of CGNX if it tests 37.68 with a downside target of 37.16. We should have a stop loss in place at 37.77 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 37.68, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Cognex Corporation (CGNX) available here: CGNX.
CGNX Ratings for December 11:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Neutral |
| P1 |
0 |
0 |
36.73 |
| P2 |
37.68 |
37.16 |
41.78 |
| P3 |
38.63 |
38.58 |
47.1 |
AI Generated Signals for CGNX
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for CGNX:
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