Overall ALGN gets a technical rating of 5 out of 10. 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.
ALGN has an average technical rating and it also does not offer a high 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
130.59
When analyzing the support we can see 2 important areas.
- A support zone ranging from 140.94 to 144.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 131.91 to 135.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 2 important resistance areas.
- Resistance @171.87 from a trend line in the weekly time frame.
- Resistance @183.80 from a trend line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for ALGN is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ALGN is up. |
| ChartMill Relative Strength | 23.02 | NEGATIVE | ALGN has a low relative strength, it was outperformed by 76.98% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ALGN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ALGN is above the rising 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) | 71.51 | OVERBOUGHT | The high RSI value suggests ALGN may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.52 | POSITIVE | The MACD value suggests ALGN has a positive trend. |
| Stochastics (14,3) | 85.78 | OVERBOUGHT | The high Stochastics value suggests ALGN may be overbought. |
| Average True Range in percent/ATR (20) | 3.22 | MEDIUM VOLATILITY | The ATR as a percentage value for ALGN suggests some volalility. |
| Average Directional Index/ADX (14) | 30.43 | POSITIVE | The high ADX value value for ALGN suggests a strong trend. |
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+4.07 (+2.7%)
ALIGN TECHNOLOGY INC / ALGN FAQ
What is the ChartMill technical rating of ALIGN TECHNOLOGY INC (ALGN) stock?
ChartMill assigns a technical rating of 5 / 10 to ALGN.
What is the current trend direction of ALIGN TECHNOLOGY INC (ALGN) stock?
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 71.5052. This indicates that the stock is currently overbought.
What is the support and resistance level for ALGN stock?
ALIGN TECHNOLOGY INC (ALGN) has a support level at 144.72 and a resistance level at 171.87. Check the full technical report for our detailed analysis of ALGN support and resistance levels.