Cognex (CGNX, $26.09) price may drop as it broke higher Bollinger Band on Apr 24, 2025

#ElectronicEquipmentInstruments, #TechnicalAnalysis, #Bollinger, #Bearish, #Stocks, #MidCap
CGNX - Cognex Corp
Bollinger signal
Bearish Trend
78%
Odds of DOWN Trend
Price: $26.09
Daily change: +$1.11 (+4.44%)
Daily volume: 2M
Capitalization: $4.4B
Industry: Electronic Equipment/Instruments

This price move could be a signal that CGNX may fall back below the higher band and head toward the middle band. Traders may consider selling the stock, shorting the stock, or exploring put options. A.I.dvisor backtested 46 similar cases where CGNX's price broke its higher Bollinger Band, and 36 of them led to a successful outcome. Odds of Success: 78%.