RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of ALGN
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Align Technology stock price ended at $327.92 on Thursday, after gaining 0.0061%.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Jan 04, 2024 Gain 25.47% PDF

The Align Technology stock price gained 0.0061% on the last trading day (Thursday, 28th Mar 2024), rising from $327.90 to $327.92. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.20% from a day low at $326.07 to a day high of $329.99. The price has risen in 6 of the last 10 days and is up by 3.47% over the past 2 weeks. Volume fell on the last day by -57 thousand shares and in total, 330 thousand shares were bought and sold for approximately $108.25 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 26.15% during the next 3 months and, with a 90% probability hold a price between $389.10 and $423.84 at the end of this 3-month period.

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ALGN Signals & Forecast

The Align Technology stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $323.55 and $311.18. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, March 20, 2024, and so far it has fallen -0.371%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Align Technology stock

On the downside, the stock finds support just below today's level from accumulated volume at $288.44 and $273.38. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Align Technology finds support just below today's level at $288.44. If this is broken, then the next support from accumulated volume will be at $273.38 and $267.32.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $3.92 between high and low, or 1.20%. For the last week, the stock has had daily average volatility of 1.85%.

Our recommended stop-loss: $317.02 (-3.32%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 6 days ago.)

Trading Expectations (ALGN) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Align Technology to open at $327.99, and during the day (based on 14 day Average True Range), to move between $319.11 and $336.73, which gives a possible trading interval of +/-$8.81 (+/-2.69%) up or down from last closing price. If Align Technology takes out the full calculated possible swing range there will be an estimated 5.38% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $329.14 (0.37%) than the support at $288.44 (12.04%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Align Technology stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Align Technology stock to perform well in the short-term.

Current score: 2.197 Buy Candidate Unchanged

Predicted Opening Price for Align Technology of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$327.99 ( 0.0228%) $327.92

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for ALGN

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 331.92 1.22 %
R2 330.42 0.762 %
R1 329.49 0.480 %
Current price: 327.92
Support S1 326.50 -0.434 %
S2 325.57 -0.717 %
S3 324.07 -1.17 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 329.14 0.372 %
Current price 327.92
Support S1 288.44 -12.04%
S2 273.38 -16.63%
S3 267.32 -18.48%

FAQ

What is the symbol for Align Technology Stock and on which exchange is it traded?
The symbol for Align Technology is ALGN and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Align Technology Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Align Technology stock to perform well in the short-term.

How to buy Align Technology Stock?
Align Technology Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Align Technology Stock.

What's the current price of Align Technology Stock?
As of the end of day on the 2024-03-28, the price of an Align Technology (ALGN) share was $327.92.

What is the 52-week high and low for Align Technology Stock?
The 52-week high for Align Technology Stock is $413.20 and the 52-week low is $176.34.

What is the market capitalization of Align Technology Stock?
As of the 2024-03-28, the market capitalization of Align Technology is 24.627B.

When is the next earnings date for Align Technology?
The upcoming earnings date for Align Technology is Apr 24, 2024.
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About Align Technology

Align Technology Align Technology, Inc., a medical device company, designs, manufactures, and markets Invisalign clear aligners and iTero intraoral scanners and services for orthodontists and general practitioner dentists, and restorative and aesthetic dentistry. It operates in two segments, Clear Aligner; and Scanners and Services. The Clear Aligner segment consists of comprehensive products, including Invisalign comprehensive treatment that addresses the orthod... ALGN Profile

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