ALIGN TECHNOLOGY INC (ALGN) Stock Technical Analysis
USA - NASDAQ:ALGN - US0162551016 - Common Stock
131.18 USD
-0.21 (-0.16%)
131.5 USD
+0.32 (+0.24%)
Overall ALGN gets a technical rating of 0 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.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, ALGN is a bad performer in the overall market: 96% of all stocks are doing better.
ALGN is part of the Health Care Equipment & Supplies industry. There are 190 other stocks in this industry, of which 76% are performing better than ALGN.
ALGN is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month ALGN has a been trading in the 128.52 - 149.45 range, which is quite wide. It is currently trading near the lows of this range.
ALGN has an average volume of 1726850 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ALGN has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 129.01, a Stop Loss order could be placed below this zone.
More info and screens
127.71
200.99
When analyzing the support we notice one important area.
- A support zone ranging from 129.00 to 129.01. This zone is formed by a combination of multiple trend lines in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 149.58 to 149.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @189.60 from a trend line in the weekly time frame.
- A resistance zone ranging from 195.96 to 199.00. 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 | 4.15 | NEGATIVE | ALGN has a low relative strength, it was outperformed by 95.85% 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) | DOWN | NEGATIVE | The current price of ALGN is below 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) | 38.54 | NEUTRAL | The RSI value for ALGN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.77 | POSITIVE | The MACD value suggests ALGN has a positive trend. |
| Stochastics (14,3) | 24.7 | NEUTRAL | The Stochastics value for ALGN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.25 | MEDIUM VOLATILITY | The ATR as a percentage value for ALGN suggests some volalility. |
| Average Directional Index/ADX (14) | 37.73 | POSITIVE | The high ADX value value for ALGN suggests a strong 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)
131.18
-0.21 (-0.16%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-0.16%
1 Week0.09%
2 Weeks-4.15%
1 Month-12.3%
3 Month-30.42%
6 Month-17.61%
12 Month-48.52%
2 Year-57.04%
3 Year-36.66%
5 Year-59.93%
10 Year131.11%
15 Year569.97%
Volatility
ATR(14)4.19
ATR(20)%3.25%
ATR Inc-43.71%
Range Today2.59
ADR(20)4.05
ADR(20)%3.09%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS4.15
Mansfield-3.8
10 Day High140.37
10 Day Low128.52
20 Day High149.45
20 Day Low128.52
52 Week High256.22
52 Week Low127.7
CS1 End129.01
CR1 Start149.58
Volume & EV
DER(3)-0.61%
DER(5)-0.15%
Volume796.50K
Volume Incr0.46%
Vol(5)1.30M
Vol(50)1.73M