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. ALGN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
82% 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. The S&P500 Index however is trading in the upper part of its 52 week range, so ALGN is lagging the market.
In the last month ALGN has a been trading in the 168.00 - 196.38 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
ALGN has an average volume of 1210300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ALGN is an average performer in the Health Care Equipment & Supplies industry, it outperforms 45% of 189 stocks in the same industry.
Considerably lower volume is observed in the last couple of days.
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
169.08
215.00
When analyzing the support we notice one important area.
- Support @170.79 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 179.96 to 182.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 185.74 to 190.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @195.89 from a trend line in the weekly time frame.
- A resistance zone ranging from 211.79 to 212.87. 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 | 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 | 18.69 | NEGATIVE | ALGN has a low relative strength, it was outperformed by 81.31% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ALGN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ALGN is below 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) | 42.21 | NEUTRAL | The RSI value for ALGN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.82 | NEGATIVE | The MACD value suggests ALGN has a negative trend. |
| Stochastics (14,3) | 12.52 | OVERSOLD | The low Stochastics value suggests ALGN may be oversold. |
| Average True Range in percent/ATR (20) | 4.16 | MEDIUM VOLATILITY | The ATR as a percentage value for ALGN suggests some volalility. |
| Average Directional Index/ADX (14) | 21.99 | NEUTRAL | The ADX value for ALGN suggests a possible start of a new 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)
170.8
-1.81 (-1.05%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-1.05%
1 Week-9.29%
2 Weeks-6.09%
1 Month-6.84%
3 Month-10.31%
6 Month-24.39%
12 Month-33.18%
2 Year-39.57%
3 Year-38.48%
5 Year-30.46%
10 Year181.52%
15 Year1044.77%
Volatility
ATR(14)6.58
ATR(20)%4.16%
ATR Inc-32.81%
Range Today3.5
ADR(20)6.34
ADR(20)%3.71%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS18.69
Mansfield-2.2
10 Day High196.38
10 Day Low168.01
20 Day High196.38
20 Day Low168.01
52 Week High271.59
52 Week Low141.74
CS1 End170.79
CR1 Start179.96
Volume & EV
DER(3)-0.24%
DER(5)0.76%
Volume493.90K
Volume Incr-48.55%
Vol(5)637.56K
Vol(50)1.21M