Weaker Buy Today ALGN ranks #983 as BUY CANDIDATE #983 Stronger Buy

ALGN stock forecast Align Technology

ALGN stock forecast

Wednesday December 11, 2019 Change 0.58% Price $275.23
Your prediction: Prediction: Request
VOLUME
Buy
TREND
Hold
MV LONG
Buy

MV SHORT
Sell

PIVOT
Buy

MACD
Sell
Bullish vs. Bearish (12 opinions)
42%
58%
Social Sentiment -0.36

ALGN Forecast and Technical Stock Analysis


Buy candidate since 2019-11-19 Gain 1.34% PDF

Align Technology gained 0.58% in the last trading day ( Wednesday, 11th Dec 2019 ), rising from $273.65 to $275.23 , and 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 day the stock fluctuated 2.12% from a day low at $273.13 to a day high of $278.93. The price has risen in 6 of the last 10 days , but is still down by -0.89% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 49 861 more shares were traded than the day before. In total, 539 239 shares bought and sold for approximately $148.42 million.

Quick summary:

  • 30 day high of the ALGN stock price was $281.57 and low was $255.27.
  • 90 day high was $281.57 and low was $171.85.
  • 52 week high for Align Technology - $334.64 and low - $169.84.
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Trend

Align Technology has broken the wide and strong rising short-term trend down. This signalize a slower rising rate, but may also be an early warning about a possible trend shift. Due to trend being broken there will now be resistance at the bottom line of the trend at $277.50. A reaction back to this level may hold a second chance to get out before further falls.

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Signals

Only positive signals in the chart today. Align Technology holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $275.24. On a fall, the stock will find some support from the long-term average at approximately $264.04. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Monday December 09, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.

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Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 61 and the stock is currently not being overbought or oversold

* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $249.47 and $217.50.

There is 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 $249.47. If this is broken, then the next support from accumulated volume will be at $217.50 and $210.04.

Support: $249.47 Price: $275.23 Resistance: $275.72

Risk

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $5.80 (2.12%) between high and low. For the last week, the stock has had daily average volatility of 1.78%.

Our recommended stop-loss: $259.20 (-5.82%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 2 days ago.)

1.78 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Buy Candidate Downgraded

Evaluation

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 this stock to perform well in the short-term.

Weaker Buy Today ALGN ranks #983 as BUY CANDIDATE #983 Stronger Buy
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