Cognex Corporation ($CGNX) And Axcelis Technologies, Inc. ($ACLS) Square Off

2019-08-20 | Welcome! Today we compared how two different stocks in the Industrial Machinery/Components industry are trading: Cognex Corporation and Axcelis Technologies, Inc.. While these two companies may have very different market capitalizations and balance sheets, they are worth comparing given how they are in the same sector. Below you’ll see how the different technical indicators differ between these two stocks, and we’ll also show what Trading View thinks of them based on the technical analysis. But before we get ahead of ourselves, please note that this is technical analysis only (ie. analyzing how these companies are trading, not digging into the company fundamentals), and therefore you should not rely only on this to guide you on whether you should buy or sell anything – take it with a grain of salt only, and pay attention to the disclaimer below. With that said, many traders find value in technical analysis and others even swear by it, so if that is you, I hope my analysis will be of use to you. Let’s get to it…

First things first: during its last day of trading, Cognex Corporation opened at 43.82, got to a maximum price of 44.73 and dropped to as low as 43.82 before finishing the session at 44.19. In total there were 983400 shares traded, which is enough to conduct our analysis. Compare that now to Axcelis Technologies, Inc., which opened at 15.07, had a high of 15.38, a low of 15.03, closed at 15.33 and had a total volume of 209000.

VOLUME ANALYSIS: Generally, the higher the volume indicators are, the better – you need liquidity to trade, after all. All of the volume indicators are as follows… (click here for an explanation on volume)

Volume Indicator Cognex Corporation Axcelis Technologies, Inc.
Accumulation-distribution index 371.44392 55.18057
on-balance volume -43.52 -14.91
chaikin money flow

1.0 1.25806
force index

0.3195 0.033
ease of movement rating

-0.00038 0.00217
volume-price trend

-1.87323 -1.61285
negative volume index

1000.0 1000.0

VOLATILITY ANALYSIS: Now to compare the volatility between these two companies… (click here for an explanation on volatility)

Volatility Indicator Cognex Corporation Axcelis Technologies, Inc.
Average true range 0.96402 0.34416
Bolinger bands 44.46909 15.25855
Upper bollinger band 42.46091 14.55145
Lower bollinger band

43.82 15.03
Bollinger high band indicator

1.0 1.0
Bollinger high low indicator

1.0 1.0
Central keltner channel

44.12333 15.16
High band keltner channel

43.21333 14.85
Low band keltner channel

45.03333 15.47
High band keltner channel indicator

1.0 1.0
Low band keltner channel indicator

1.0 1.0
Donchain channel high band

43.82 15.03
Donchain channel low band

43.82 15.03
Donchain channel high band indicator

1.0 1.0
Donchain channel low band indicator

1.0 1.0

TREND ANALYSIS: Now for the most interesting and detailed part, the trend. Where is the stock actually going? Let’s compare the indicators… (click here for an explanation on trend)

Trend Indicator Cognex Corporation Axcelis Technologies, Inc.
Moving Average Convergence Divergence (MACD) trend_macd -0.00561
MACD signal -0.00885 -0.00312
MACD difference -0.00708 -0.00249
fast Exponential Moving Average (EMA) indicator

43.82 15.03
slow Exponential Moving Average (EMA) indicator

43.82 15.03
Average Directional Movement Index (ADX)

unknown unknown
ADX positive

20.0 20.0
ADX negative

20.0 20.0
positive Vortex Indicator (VI)

1.0 1.0
negative VI

1.0 1.0
trend vortex difference

0.58339 0.25783

-0.70362 -4.68689
Mass Index (MI)

1.0 1.0
Commodity Channel Index (CCI)

-66.66667 -66.66667
Detrended Price Oscillator (DPO)

2.00227 1.81485
KST Oscillator (KST)

-43.69644 -107.73943
KST Oscillator (KST Signal)

-43.69644 -107.73943
KST difference

-3.87366 -3.71033
Ichimoku rating

44.275 15.225
Ichimoku B rating

44.275 15.225
Ichimoku visual trend A

46.38243 16.81313
Ichimoku visual trend B

45.75699 16.33007
Aroon Indicator (AI)

4.0 4.0
AI indicator down

4.0 4.0
AI difference

-4.0 -4.0

MOMENTUM ANALYSIS: What about momentum? Let’s dive into it… (click here for an explanation on momentum)

Momentum Indicator Cognex Corporation Axcelis Technologies, Inc.
Relative Strength Index (RSI) 50.0 50.0
Money Flow Index (MFI) 20.06577 33.06407
True Strength Index (TSI) -100.0 -100.0
ultimate oscillator

-83.31273 -23.89315
stochastic oscillator

100.0 112.90323
stochastic oscillator signal

100.0 112.90323
Williams %R rating

-7100.0 12.90323
awesome oscillator

-0.04854 -0.01335

RETURNS: That’s all for technical analysis. Now let’s just list the returns for Cognex Corporation and Axcelis Technologies, Inc..

Daily return -4.36964 -10.77394
Daily log return -1.63353 -1.67733
Cumulative return -1.62026 -1.66334

So there you have it: our deep, grueling analysis comparing Cognex Corporation and Axcelis Technologies, Inc. together. But what does all of the above mean? Various technical indicators above are positive, while others are negative, and if we want to decide overall if the technical analysis indicates a bullish or bearish chart, we have to consider all of them together. That’s what the Trading View widget below can do, so let’s see what it says considering all these indicators. First, here’s Cognex Corporation:

The verdict above will consider all these technical indicators and consider which are strong and weak, and then put them all together to come up with a conclusion stating whether CGNX is strong or weak. Again – this is not a reliable indication of whether Cognex Corporation is a good investment! None of these indicators consider the company fundamentals. All of this data is based on how it trades only. Now with that out of the way, let’s compare it with Axcelis Technologies, Inc.

So there you have it. We hope you have found this analysis useful, and if you see any errors or have any feedback, please comment below.

How can you profit off trading these 2 companies and other stocks like it? First, check out the Beat The Market Analyzer software – this is worth its weight in gold. Some other great services for earning income from trading and investing are Dividend Stocks (an outstanding resource for anyone interested in high dividend paying stocks), Microcap Millionaires (the best site online for profiting off micro-cap stocks) and Trading Code (an extremely powerful system for profiting off trading).

DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling anything based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.

Gary Ivenchuck

Gary is a stock trading expert and is responsible for covering technical analysis news on Logistics Business Review. Recently he has been working tirelessly to analyse stocks for our readers, and is always available to hear from people asking for stock analysis.
Gary Ivenchuck

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