ALIGN TECHNOLOGY INC (ALGN) Technical Analysis
NASDAQ:ALGN • US0162551016
Current stock price
164.23 USD
-2.69 (-1.61%)
At close:
163.5 USD
-0.73 (-0.44%)
After Hours:
ALGN Technical Rating and Analysis
Overall ALGN gets a technical rating of 2 out of 10. ALGN performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
- When comparing the yearly performance of all stocks, ALGN is a bad performer in the overall market: 62% of all stocks are doing better.
- In the last month ALGN has a been trading in the 162.26 - 192.69 range, which is quite wide. It is currently trading near the lows of this range.
- ALGN is part of the Health Care Equipment & Supplies industry. There are 184 other stocks in this industry. ALGN outperforms 72% of them.
- ALGN has an average volume of 1223790 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- ALGN is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ALGN is lagging the market slightly.
- Volume is considerably higher in the last couple of days.
ALGN Weekly and Daily overview Charts
ALGN Setup Rating and Analysis
The technical rating of ALGN is bad and it also does not present a quality setup 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
ALGN Support and Resistance Analysis
131.03
197.99
3 important support areas can be observed.
- A support zone ranging from 164.22 to 164.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @156.03 from a horizontal line in the daily time frame.
- Support @132.35 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 174.82 to 175.39. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 181.61 to 183.36. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @196.03 from a trend line in the daily time frame.
ALGN Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for ALGN is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ALGN is down. |
| ChartMill Relative Strength | 38.21 | NEUTRAL | ALGN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ALGN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ALGN is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of ALGN is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 36.72 | NEUTRAL | The RSI value for ALGN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.94 | NEGATIVE | The MACD value suggests ALGN has a negative trend. |
| Stochastics (14,3) | 17.51 | OVERSOLD | The low Stochastics value suggests ALGN may be oversold. |
| Average True Range in percent/ATR (20) | 4.41 | MEDIUM VOLATILITY | The ATR as a percentage value for ALGN suggests some volalility. |
| Average Directional Index/ADX (14) | 29.08 | POSITIVE | The high ADX value value for ALGN suggests a strong trend. |
ALGN Chart- and CandleStick Pattern Analysis
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)
ALGN Technicals: Chart, Performance Metrics, Trend & Indicators
164.23
-2.69 (-1.61%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-1.61%
1 Week-5.61%
2 Weeks-13.61%
1 Month-10.68%
3 Month-0.73%
6 Month24.83%
12 Month-1.19%
2 Year-49.92%
3 Year-50.85%
5 Year-69.67%
10 Year125.93%
15 Year701.9%
Volatility
ATR(14)7.28
ATR(20)%4.41%
ATR Inc-2.41%
Range Today5.96
ADR(20)6.6
ADR(20)%4.02%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS38.21
3 months CRS56.57
6 months CRS88.76
Mansfield-0.36
10 Day High189.35
10 Day Low162.26
20 Day High192.69
20 Day Low162.26
52 Week High208.31
52 Week Low122
CS1 End164.22
CR1 Start174.82
Volume & EV
DER(3)-1.31%
DER(5)-2.17%
Volume1.89M
Volume Incr29.65%
Vol(5)1.73M
Vol(50)1.22M
ALIGN TECHNOLOGY INC / ALGN TA FAQ
What is the ChartMill technical rating of ALIGN TECHNOLOGY INC (ALGN) stock?
ChartMill assigns a technical rating of 2 / 10 to ALGN.
Can you provide the trend direction for ALIGN TECHNOLOGY INC?
The current trend direction for ALIGN TECHNOLOGY INC (ALGN) is Bearish.
Can you provide the RSI signal for ALIGN TECHNOLOGY INC?
ALIGN TECHNOLOGY INC (ALGN) has an RSI value of 36.7249. This indicates that the stock is currently neutral.
What are the support and resistance levels for ALIGN TECHNOLOGY INC (ALGN) stock?
ALIGN TECHNOLOGY INC (ALGN) has a support level at 164.22 and a resistance level at 174.82. Check the full technical report for our detailed analysis of ALGN support and resistance levels.