Bullish vs. Bearish (23 opinions)
Social Sentiment -0.08
ALGN Forecast and Technical Stock Analysis
Hold candidate since 2019-10-11 Gain 4.54% PDF
Align Technology gained 2.00% in the last trading day ( Tuesday, 15th Oct 2019 ), rising from $205.15 to $209.25 , and has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the day the stock fluctuated 2.16% from a day low at $205.06 to a day high of $209.48. The price has risen in 7 of the last 10 days and is up by 14.78% over the past 2 weeks. Volume fell in the last day by -0.05 million shares and in total, 1.02 million shares bought and sold for approximately $213.95 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
- 30 day high of the ALGN stock price was $209.48 and low was $171.85.
- 90 day high was $288.81 and low was $169.84.
- 52 week high for Align Technology - $339.95 and low - $169.84.
Align Technology has broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction there will be support on the roof on the current trend broken, which is $189.50, a level that may pose a second chance to hit a runner. According to fan-theory $242.90 will be the next possible trendtop level and thereby pose a resistance level which may not be broken on the first attempt.
Align Technology holds buy signals from both short- and long-term moving averages. In addition, 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 $195.25 and $182.42. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday October 04, 2019, which indicates further gains until a new top pivot has been found. 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.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 74 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
Align Technology finds support from accumulated volume at $209.08.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $4.42 between high and low, or 2.16%. For the last week, the stock has had a daily average volatility of 3.17%.
Since the Align Technology has been rising for 6 days in a row, the risk for the next couple of days has increased. As we cannot be certain with regards to the size of the reaction, we urge caution.
Our recommended stop-loss: $201.93 (-3.50%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 7 days ago.)
3.17 %Average volatility
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|ALGN $209.25 ($4.10 2.00%)|
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