ALIGN TECHNOLOGY INC (ALGN) Stock Technical Analysis
NASDAQ:ALGN - Nasdaq - US0162551016 - Common Stock - Currency: USD
Taking everything into account, ALGN scores 6 out of 10 in our technical rating. In the past year, ALGN was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month ALGN has a been trading in the 172.88 - 201.00 range, which is quite wide. It is currently trading near the high of this range.
When compared to the yearly performance of all other stocks, ALGN outperforms 40% of them, which is more or less in line with the market.
ALGN is part of the Health Care Equipment & Supplies industry. There are 187 other stocks in this industry, ALGN did better than 56% of them.
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 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
169.08
208.97
When analyzing the support we can see 2 important areas.
- A support zone ranging from 182.19 to 185.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 170.79 to 172.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 196.83 to 196.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 204.20 to 206.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 40.59 | NEUTRAL | ALGN is not amongst the best or worst performers 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) | 67.34 | NEUTRAL | The RSI value for ALGN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.43 | POSITIVE | The MACD value suggests ALGN has a positive trend. |
| Stochastics (14,3) | 88.69 | OVERBOUGHT | The high Stochastics value suggests ALGN may be overbought. |
| Average True Range in percent/ATR (20) | 2.82 | MEDIUM VOLATILITY | The ATR as a percentage value for ALGN suggests some volalility. |
| Average Directional Index/ADX (14) | 11.43 | NEGATIVE | The low ADX value for ALGN suggests a weak or negative 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)
196.82
-0.16 (-0.08%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-0.08%
1 Week4.84%
2 Weeks9.34%
1 Month9.35%
3 Month28.21%
6 Month-5.49%
12 Month-19.2%
2 Year-47.92%
3 Year-29.95%
5 Year-33.01%
10 Year213.91%
15 Year1034.41%
Volatility
ATR(14)5.8
ATR(20)%2.82%
ATR Inc-6.14%
Range Today5.21
ADR(20)5.38
ADR(20)%2.73%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS40.59
Mansfield-1.26
10 Day High201
10 Day Low176.68
20 Day High201
20 Day Low172.88
52 Week High263.24
52 Week Low141.74
CS1 End185.62
CR1 Start196.83
Volume & EV
DER(3)-5.66%
DER(5)-4.23%
Volume712.80K
Volume Incr17.61%
Vol(5)972.40K
Vol(50)963.47K