We assign a technical rating of 6 out of 10 to ALGN. Although ALGN is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- When comparing the yearly performance of all stocks, ALGN is a bad performer in the overall market: 72% of all stocks are doing better.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- ALGN has an average volume of 1223330 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- ALGN is part of the Health Care Equipment & Supplies industry. There are 184 other stocks in this industry, ALGN did better than 60% 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.
- In the last month ALGN has a been trading in the 154.62 - 174.67 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
ALGN has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 156.02, a Stop Loss order could be placed below this zone.
More info and screens
131.03
We found 3 important support areas.
- A support zone ranging from 156.02 to 156.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @141.82 from a trend line in the daily time frame.
- Support @132.35 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 167.14 to 168.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 172.80 to 174.64. 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 | UP | POSITIVE | The long term trend for ALGN is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ALGN is neutral. |
| ChartMill Relative Strength | 28.58 | NEGATIVE | ALGN has a low relative strength, it was outperformed by 71.42% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ALGN is below 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) | 47 | NEUTRAL | The RSI value for ALGN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.31 | NEGATIVE | The MACD value suggests ALGN has a negative trend. |
| Stochastics (14,3) | 17.71 | OVERSOLD | The low Stochastics value suggests ALGN may be oversold. |
| 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) | 23.13 | NEUTRAL | The ADX value for ALGN suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 168.61 | 160.65 | 7.96 (4.72%) | 21.18% |
| An entry @168.61. This is a Buy Stop order right above the resistance zone. | An exit @160.65. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 7.96 points, which is 4.72%. | For a 1.00% total portfolio risk, you can invest 21.18% 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.
163.03
-1.09 (-0.66%)
ALIGN TECHNOLOGY INC / ALGN FAQ
What is the ChartMill technical rating of ALIGN TECHNOLOGY INC (ALGN) stock?
ChartMill assigns a technical rating of 6 / 10 to ALGN.
Can you provide the trend direction for ALIGN TECHNOLOGY INC?
The current trend direction for ALIGN TECHNOLOGY INC (ALGN) is Bullish.
Can you provide the RSI signal for ALIGN TECHNOLOGY INC?
ALIGN TECHNOLOGY INC (ALGN) has an RSI value of 46.9999. This indicates that the stock is currently neutral.
What are the support and resistance levels for ALIGN TECHNOLOGY INC (ALGN) stock?
ALIGN TECHNOLOGY INC (ALGN) has a support level at 156.02 and a resistance level at 167.14. Check the full technical report for our detailed analysis of ALGN support and resistance levels.