ALIGN TECHNOLOGY INC (ALGN) Stock Technical Analysis
USA - NASDAQ:ALGN - US0162551016 - Common Stock
Overall ALGN gets a technical rating of 1 out of 10. 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.
Although the technical rating is bad, ALGN does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 134.55, a Stop Loss order could be placed below this zone.
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123.62
2 important support areas can be observed.
- A support zone ranging from 132.60 to 134.55. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- 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.
We can see 4 important resistance areas.
- A resistance zone ranging from 135.21 to 135.70. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 137.89 to 139.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @178.96 from a trend line in the weekly time frame.
- Resistance @188.38 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 | DOWN | NEGATIVE | The long term trend for ALGN is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ALGN is neutral. |
| ChartMill Relative Strength | 13.64 | NEGATIVE | ALGN has a low relative strength, it was outperformed by 86.36% 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) | DOWN | MIXED | The current price of ALGN is above 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) | 50.85 | NEUTRAL | The RSI value for ALGN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests ALGN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 24.7 | NEUTRAL | The Stochastics value for ALGN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.59 | MEDIUM VOLATILITY | The ATR as a percentage value for ALGN suggests some volalility. |
| Average Directional Index/ADX (14) | 22.92 | NEUTRAL | The ADX value for ALGN suggests a possible start of a new trend. |
134.84
+1.11 (+0.83%)
ALIGN TECHNOLOGY INC / ALGN FAQ
What is the ChartMill technical rating of ALIGN TECHNOLOGY INC (ALGN) stock?
ChartMill assigns a technical rating of 1 / 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 50.8464. This indicates that the stock is currently neutral.
What is the support and resistance level for ALGN stock?
ALIGN TECHNOLOGY INC (ALGN) has a support level at 134.55 and a resistance level at 135.21. Check the full technical report for our detailed analysis of ALGN support and resistance levels.