NASDAQ
On the weekly chart, CGNX has been moving sideways between $34.28 and $59.51 since 16 Jul 2023.
Since 2018, NasdaqScan has found 3 sideways ranges in CGNX. Completed ranges lasted 826 days on average, from 518 to 1134 days. Of those 2, 1 broke upward and 1 broke downward. The current range is 74% wide from low to high. The latest retest signal NasdaqScan detected in CGNX was in the week of 4 Sept 2022, below the earlier $57.28 – $101.82 range.
The pattern: price breaks out below a long sideways range, the pullback back into the range fails, and price comes back to retest the low. Traders also call this a spring. NasdaqScan flags the weekly candle that makes the retest.
Weekly chart: each candle is one week of trading, and every date on this page is the week it falls in.
Gold dashed bands mark earlier sideways ranges, from their first swing to where they broke. Pick a range in the table below to zoom the chart to it.
| Range | Started | Ended | How it ended | Retest signals (week of) |
|---|---|---|---|---|
| 16 Jul 2023 | Open | — | — | |
| 20 Sept 2020 | 29 Oct 2023 (1134 days) | Broke below the range at $34.28 | 4 Sept 2022 (Go ahead) | |
| 23 Dec 2018 | 24 May 2020 (518 days) | Broke above the range at $62.59 | — |
All NASDAQ stocks with retest patterns →
Past patterns don't predict future price moves. This page shows what an automated algorithm detected and is not financial advice. Read the disclaimer.