ALIGN TECHNOLOGY INC (ALGN) Stock Technical Analysis
NASDAQ:ALGN - Nasdaq - US0162551016 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to ALGN. Recently some decent action could be observed, but in the medium term time frame this is still negative. ALGN was also a bad performer in the overall market in the last year.
84% of all other stocks performed better in the past year than ALGN.
ALGN is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
ALGN is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
ALGN has an average volume of 1380220 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
ALGN is an average performer in the Health Care Equipment & Supplies industry, it outperforms 40% of 189 stocks in the same industry.
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
171.56
242.93
We found 2 important support areas.
- A support zone ranging from 177.96 to 179.45. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @173.29 from a horizontal line in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 180.78 to 184.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @202.49 from a trend line in the weekly time frame.
- A resistance zone ranging from 215.59 to 216.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @240.52 from a horizontal 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
CRS16.6
Mansfield-1.85
10 Day High191.61
10 Day Low167.43
20 Day High191.61
20 Day Low141.74
52 Week High291.8
52 Week Low141.74
Performance
1 Week-1.93%
2 Weeks4.91%
1 Month16.58%
3 Month-17.93%
6 Month-13.79%
12 Month-37.53%
2 Year-36.38%
3 Year-35.23%
5 Year-26.79%
10 Year196.39%
15 Year1105.23%
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)1.38
RSI(14)57.7
LBB162.63
UBB187.08
179.82
+3.08 (+1.74%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg1.74%
1 Week-1.93%
2 Weeks4.91%
1 Month16.58%
3 Month-17.93%
6 Month-13.79%
12 Month-37.53%
2 Year-36.38%
3 Year-35.23%
5 Year-26.79%
10 Year196.39%
15 Year1105.23%
Volatility
ATR(14)7.35
ATR(20)%5.39%
ATR Inc96.6%
Range Today7.87
ADR(20)9.37
ADR(20)%5.21%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.6
Mansfield-1.85
10 Day High191.61
10 Day Low167.43
20 Day High191.61
20 Day Low141.74
52 Week High291.8
52 Week Low141.74
CS1 End179.45
CR1 Start180.78
Volume & EV
DER(3)3.45%
DER(5)2.25%
Volume1.39M
Volume Incr30.8%
Vol(5)1.82M
Vol(50)1.38M