Cognex 200-week moving average: where's the cycle bottom?

CGNX Composite SMA Squeeze & Derived Risk Metric

Reading the moving-average chart

Weekly candle labelled : the plotted close is $50.73. Compare it with the three averages at the same candle below. A positive gap means the close is above that average; a negative gap means it is below.

AveragePlotted valueClose vs average
20-week average$61.00-16.8%
100-week average$45.33+11.9%
200-week average$44.41+14.2%

The lower panel reads 0.453 on a 0–1 scale. It averages the chart’s 20-, 100- and 200-week sigmoid risk readings. This is a model indicator, not a probability of loss or a forecast of the next price move.

Weekly candles are labelled by period end, so the current candle may be incomplete. See how composite moving-average risk works and the research methodology.