Bullish vs. Bearish (12 opinions)
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.
- 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.
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.
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.
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.
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
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|ALGN $275.23 ($1.58 0.58%)|
ALGN is up $1.58 today, but where's it headed in 2020?
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Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!