ALIGN TECHNOLOGY INC (ALGN)
US0162551016 - Common Stock
We assign a technical rating of 0 out of 10 to ALGN. ALGN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, ALGN is a bad performer in the overall market: 81% of all stocks are doing better.
ALGN is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
ALGN is an average performer in the Health Care Equipment & Supplies industry, it outperforms 52% of 192 stocks in the same industry.
ALGN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ALGN is lagging the market.
ALGN has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
195.06
322.43
2 important support areas can be observed.
- A support zone ranging from 252.38 to 255.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @197.03 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 257.22 to 259.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @314.04 from a trend line in the weekly time frame.
- Resistance @319.24 from a trend line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS19.45
Mansfield-2.24
10 Day High274.7
10 Day Low249.73
20 Day High295.69
20 Day Low249.73
52 Week High413.2
52 Week Low176.34
Performance
1 Week1.91%
2 Weeks-5.98%
1 Month-10.24%
3 Month-14.27%
6 Month16.68%
12 Month-14.83%
2 Year-7.36%
3 Year-56.42%
5 Year-9.54%
10 Year370.99%
15 Year2074.22%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.32
RSI(14)33.56
LBB245.2
UBB282.95
ALIGN TECHNOLOGY INC
NASDAQ:ALGN (5/31/2024, 7:22:49 PM)
After market: 256.548 -0.66 (-0.26%)257.21
+0.71 (+0.28%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg0.28%
1 Week1.91%
2 Weeks-5.98%
1 Month-10.24%
3 Month-14.27%
6 Month16.68%
12 Month-14.83%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)6.71
ATR(20)%3.15%
ATR Inc
Range Today5.42
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High274.7
10 Day Low249.73
20 Day High295.69
20 Day Low249.73
52 Week High413.2
52 Week Low176.34
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume1.02M
Volume Incr44.89%
Vol(5)926.52K
Vol(50)652.52K