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Align Technology Forecast and Stock Analysis
Technical ALGN stock analysis for Friday June 14, 2019.
Align Technology fell by -1.73% in the last day ( Friday, 14th Jun 2019 ) from $311.07 to $305.70 and has now fallen 3 days in a row. During day the stock fluctuated 2.31% from a day low at $305.02 to a day high of $312.08. The price has risen in 6 of the last 10 days and is up by 7.51% over the past 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -2 605 shares and in total 475 907 shares bought and sold for approximately $145.49 million.
- 30 day high of the ALGN stock price was $334.64 and low was $272.60.
- 90 day high was $334.64 and low was $248.17.
- 52 week high for the Align Technology - $398.88 and low - $177.93.
Align Technology lies in the middle of a wide and 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 15.01% during the next 3 months and, with 90% probability hold a price between $333.40 and $405.11 at the end of this period.
There are few to none technical positive signals at the moment. Align Technology holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 $309.53 and $313.76. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Monday June 10, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Relative Strength Index (RSI)
RSI14 is 46 and the stock is currently not being overbought or oversold
Support & Resistance
Align Technology finds support from accumulated volume at $296.74.
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 $7.06 between high and low, or 2.31%. For the last week, the stock has had a daily average volatility of 2.82%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
2.82 %Average volatility
Very Low Low Medium High Very High
The Align Technology stock holds several negative signals and despite the positive trend we believe Align Technology will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Sell Candidate.
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|ALGN $305.70 ($-5.37 -1.73%)|
ALGN is down $5.37 today, but where's it headed in 2019?
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