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Align Technology Stock Forecast NASDAQ:ALGN

$619.75 (-0.83%)

Volume: 520k

Closed: Dec 03, 2021

Hollow Logo Score: -2.378

Align Technology Stock Forecast

$619.75 (-0.83%)

Volume: 520k

Closed: Dec 03, 2021

Score Hollow Logo -2.378
Which way will ALGN go? Request
Key Stats
P/E Ratio 66.04
Beta 1.61
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 25 and the stock is currently not being overbought or oversold

Red day on Friday for Align Technology
(Updated on Dec 03, 2021)


Sell candidate since 2021-11-19 Loss -9.30%

The Align Technology stock price fell by -0.83% on the last day (Friday, 3rd Dec 2021) from $624.93 to $619.75. During the day the stock fluctuated 4.47% from a day low at $605.49 to a day high of $632.57. The price has fallen in 8 of the last 10 days and is down by -9.37% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -172 thousand shares and in total, 520 thousand shares were bought and sold for approximately $322.55 million.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -8.41% during the next 3 months and, with a 90% probability hold a price between $508.05 and $635.24 at the end of this 3-month period.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, December 01, 2021, and so far it has risen 2.90%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Align Technology stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $625.77 and $646.02. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss

Align Technology finds support from accumulated volume at $604.39 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $27.08 between high and low, or 4.47%. For the last week, the stock has had a daily average volatility of 4.20%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Align Technology stock A Buy?

Align Technology holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -2.378

Predicted Opening Price for Align Technology of Monday, December 6, 2021

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

Fair opening price December 6, 2021 Current price
$619.27 $619.75 (Overvalued)
Sell Candidate Unchanged

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Analyst Ratings

On Nov 01, 2021 "William Blair" gave "" rating for ALGN. The price target was set to $661.69+6.0%.

Volatility and Risk
Daily Average Volatility: 4.20 %
Overall Risk: Very High High Medium Low Very Low
Volatility
4.20 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $631.80
Price: $619.75
Support: $604.39

ALGN Insider Trading Show all Trades

INSIDER POWER

0.403

Last 100 transactions
Buy: 150 874 | Sell: 374 006 (Shares)
Date Action Amount Person Type
Nov 10, 2021 Sell 5 000 Thaler Warren S Common Stock
Nov 08, 2021 Sell 3 000 Morici John Common Stock
Nov 05, 2021 Sell 1 477 Larkin C Raymond Jr Common Stock
Nov 04, 2021 Sell 8 835 Hogan Joseph M Common Stock
Nov 04, 2021 Sell 1 500 Hogan Joseph M Common Stock
Show all Insider Trades
INSIDER POWER

0.403

Last 100 transactions
Buy: 150 874 | Sell: 374 006 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 646.35 4.29 %
636.01 2.62 %
629.61 1.59 %
Current price: 619.75
Support 608.93 -1.75 %
602.53 -2.78 %
592.19 -4.45 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 710.87 14.70 %
661.46 6.73 %
631.80 1.94 %
Current price 619.75
Support 604.39 -2.48%
596.22 -3.80%
589.81 -4.83%

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About Align Technology

Align Technology Align Technology, Inc. designs, manufactures, and markets a system of clear aligner therapy, intra-oral scanners, and computer-aided design and computer-aided manufacturing (CAD/CAM) digital services for use in dentistry, orthodontics, and dental records storage in the United States and internationally. The company operates through two segments, Clear Aligner, and Scanners and Services. The Clear Aligner segment offers Invisalign Full, a treatmen... Read more

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