ALGN Technical Analysis - ALIGN TECHNOLOGY INC

Technical Rating and Analysis

We assign a technical rating of 0 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.

When comparing the yearly performance of all stocks, ALGN is a bad performer in the overall market: 95% of all stocks are doing better.

ALGN is one of the lesser performing stocks in the Health Care Equipment & Supplies industry. 74% of 190 stocks in the same industry do better.

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 131.00 - 150.22 range, which is quite wide. It is currently trading near the lows of this range.

ALGN has an average volume of 1675570 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

ALIGN TECHNOLOGY INC / ALGN Weekly stock chart

ALIGN TECHNOLOGY INC / ALGN Daily stock chart

Setup Rating and Analysis

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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

130.24

202.26

3 important resistance areas can be observed.

A resistance zone ranging from 149.58 to 149.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @193.15 from a trend line in the weekly time frame.
Resistance @200.26 from a trend line in the daily time frame.

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Technical Indicator Signal Analysis

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	5.31	NEGATIVE	ALGN has a low relative strength, it was outperformed by 94.69% 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)	36.55	NEUTRAL	The RSI value for ALGN is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.76	POSITIVE	The MACD value suggests ALGN has a positive trend, although the MACD value is declining.
Stochastics (14,3)	12.89	OVERSOLD	The low Stochastics value suggests ALGN may be oversold.
Average True Range in percent/ATR (20)	3.52	MEDIUM VOLATILITY	The ATR as a percentage value for ALGN suggests some volalility.
Average Directional Index/ADX (14)	34.81	POSITIVE	The high ADX value value for ALGN suggests a strong trend.