ALIGN TECHNOLOGY INC (ALGN) Stock Technical Analysis
NASDAQ:ALGN - Nasdaq - US0162551016 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to ALGN. 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 - 205.36 range, which is quite wide. It is currently trading near the high of this range.
When comparing the performance of all stocks over the past year, ALGN turns out to be only a medium performer in the overall market: it outperformed 40% of all stocks.
ALGN is an average performer in the Health Care Equipment & Supplies industry, it outperforms 60% of 187 stocks in the same industry.
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 the quality of the presented setup is also not ideal 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
170.50
207.70
We found 3 important support areas.
- A support zone ranging from 184.05 to 189.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 175.15 to 179.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @172.22 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 202.29 to 205.64. 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 | 40.4 | 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 | MIXED | The current price of ALGN is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 67.53 | NEUTRAL | The RSI value for ALGN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.38 | POSITIVE | The MACD value suggests ALGN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 94.76 | OVERBOUGHT | The high Stochastics value suggests ALGN may be overbought. |
| Average True Range in percent/ATR (20) | 2.88 | MEDIUM VOLATILITY | The ATR as a percentage value for ALGN suggests some volalility. |
| Average Directional Index/ADX (14) | 14.2 | 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 205.65 | 183.06 | 22.59 (10.98%) | 9.10% |
| An entry @205.65. This is a Buy Stop order right above the resistance zone. | An exit @183.06. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 22.59 points, which is 10.98%. | For a 1.00% total portfolio risk, you can invest 9.10% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
202.28
-2.2 (-1.08%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-1.08%
1 Week2.77%
2 Weeks7.74%
1 Month9.06%
3 Month23.24%
6 Month-4.64%
12 Month-16.64%
2 Year-46.47%
3 Year-28.01%
5 Year-31.16%
10 Year222.62%
15 Year1065.88%
Volatility
ATR(14)5.67
ATR(20)%2.88%
ATR Inc-2.46%
Range Today3.09
ADR(20)5.62
ADR(20)%2.78%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS40.4
Mansfield-0.94
10 Day High205.36
10 Day Low183.07
20 Day High205.36
20 Day Low172.88
52 Week High263.24
52 Week Low141.74
CS1 End189.32
CR1 Start202.29
Volume & EV
DER(3)-0.67%
DER(5)-1.53%
Volume793.20K
Volume Incr3.3%
Vol(5)864.04K
Vol(50)937.36K