ALIGN TECHNOLOGY INC (ALGN) Stock Technical Analysis
USA - NASDAQ:ALGN - US0162551016 - Common Stock
129.79 USD
+0.25 (+0.19%)
127.2 USD
-2.59 (-2%)
Taking everything into account, ALGN scores 0 out of 10 in our technical rating. ALGN's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, ALGN is a bad performer in the overall market: 95% of all stocks are doing better.
ALGN is part of the Health Care Equipment & Supplies industry. There are 191 other stocks in this industry, of which 76% are performing better than ALGN.
ALGN is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month ALGN has a been trading in the 122.00 - 134.98 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
ALGN has an average volume of 1362400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although the technical rating is bad, ALGN does present a nice setup opportunity. Prices have been consolidating lately.
More info and screens
123.62
197.14
When analyzing the support we notice one important area.
- A support zone ranging from 124.87 to 125.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 130.04 to 135.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @184.28 from a trend line in the weekly time frame.
- Resistance @191.82 from a trend line in the weekly time frame.
- Resistance @195.19 from a trend line in the daily time frame.
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 | DOWN | NEGATIVE | The long term trend for ALGN is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ALGN is down. |
| ChartMill Relative Strength | 5.3 | NEGATIVE | ALGN has a low relative strength, it was outperformed by 94.7% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ALGN is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ALGN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ALGN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.83 | NEUTRAL | The RSI value for ALGN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.89 | POSITIVE | The MACD value suggests ALGN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 49.1 | NEUTRAL | The Stochastics value for ALGN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.97 | MEDIUM VOLATILITY | The ATR as a percentage value for ALGN suggests some volalility. |
| Average Directional Index/ADX (14) | 30.67 | POSITIVE | The high ADX value value for ALGN suggests a strong trend. |
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)
129.79
+0.25 (+0.19%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg0.19%
1 Week-0.52%
2 Weeks3.65%
1 Month-1.54%
3 Month-31.97%
6 Month-24.28%
12 Month-40.92%
2 Year-29.69%
3 Year-33.2%
5 Year-69.54%
10 Year98.27%
15 Year662.57%
Volatility
ATR(14)4.01
ATR(20)%2.97%
ATR Inc26.05%
Range Today5.26
ADR(20)3.62
ADR(20)%2.79%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS5.3
Mansfield-3.59
10 Day High134.98
10 Day Low124.91
20 Day High134.98
20 Day Low122
52 Week High246.19
52 Week Low122
CS1 End125.78
CR1 Start130.04
Volume & EV
DER(3)-0.39%
DER(5)-0.2%
Volume1.06M
Volume Incr-0.96%
Vol(5)1.24M
Vol(50)1.36M