Trading Signals: ALGN Stock Price Prediction and Forecast

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Mon. May. 11, 2020

Trading Signals: ALGN Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)

(Align Technology Inc)
ALGN latest price $214.4300 (2.13%) ($206.4300 - $217.6500) on Mon. May. 11, 2020.

Trend Analysis and Forecast

Average Daily Percentage Swing   6.11% (three month average)
RSI   69
Latest Price   $214.4300(2.13%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   ALGN advances 0.4% a day on average for past five trading days.
Weekly Trend   ALGN advances 5.1% a week on average for past two weeks.
Market Behavior   Normal for large cap. Value stock sell-off for small cap.
Correlated ETFs   Broad market will support ALGN advance at 0% a week (0% probability)
IWO(50%)    VT(49%)    VUG(49%)    XLY(49%)    IVW(47%)
Factors Impacting ALGN price   ALGN will decline at least -3.055% in a week (0% probabilities).
VIXM(-35%)    UUP(-19%)    VXX(-14%)    TBT(-3%)    UNG(2%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -3.055% (StdDev 6.11%)
Hourly BBV 0.5 ()
Intraday Trend 0%

Inflection Point   Yes
5 Day Moving Average   $212.55(0.88%)
10 Day Moving Average   $211.59(1.34%)
20 Day Moving Average   $201.33(6.51%)
To recent high   -22.7%
To recent low   55.8%
Market Cap   $16.893b

Align Technology, Inc. engages in the manufacture, design, and marketing of global medical devices. It operates through the Clear Aligner, and Scanner and Services segments. The Clear Aligner segment consists of invisalign full, teen and assist products, and vivera retainers along with training and ancillary products for treating malocclusion. The Scanner and Services segment comprises of intraoral scanning systems and additional services available with the intraoral scanners that provide digital alternatives to the traditional cast models. The company was founded by Zia Chishti, Brian Freyburger and Kelsey Wirth in March 1997 and is headquartered in San Jose, CA.

$. ALGN price fluctuates within 6.02% (three month std-dev: 6.11%) daily (68% of days).

Sample size 30 Average positive next day return: 1.38%(43%) Average negative next day return: -1.63%(57%) Sample size 30 Average positive next three day return: 3.92%(57%) Average negative next three day return: -3.32%(43%) Sample size 30 Average positive next weekly return: 4.39%(63%) Average negative next weekly return: -3.66%(37%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20200611

i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD
1	May_11_2020	228.15	201.33	211.59	212.55	213.57	212.21	214.43(2.13%)	UT	OpenLong	75	0.2	13	-30	0	50	0.95	50%	-0.27	63.8	6.11%	0.5	1.1	69	2.3
2	May_8_2020	228.76	199.88	209.91	211.7	212.42	213.04	209.97(-1.68%)	UD	OpenLong	65	-0.1	6	30	-8	47	0.84	50%	-0.29	76	6.06%	-1.8	0.8	59	2
3	May_7_2020	229.43	199.01	208.29	210.36	211.36	214.94	213.55(-1.21%)	UD	OpenLong	75	0.3	44	130	38	62	1.26	49%	-0.27	91.9	6.11%	-0.5	1.2	63	1.4
4	May_6_2020	230.04	197.54	205.91	210.64	208.67	211.8	216.17(3.62%)	UT	OpenLong	75	0.5	41	80	33	66	1.12	49%	-0.24	106.8	6.12%	1.2	1.6	71	0.8
5	May_5_2020	230.59	195.46	203.31	211.51	208.44	207.78	208.61(-0.75%)	UD	OpenLong	75	-0.2	22	-70	8	64	1.34	50%	-0.28	109.8	6.1%	0.4	1.1	65	1.1

6	May_4_2020	231.23	193.87	201.25	210.51	210.92	205.55	210.19(3.4%)	N/A	N/A	0	-0	-3	-170	-20	50	1.16	50%	-0.25	105.4	6.12%	0.2	1.4	61	0.5
7	May_1_2020	231.81	191.18	199.83	207.79	210.02	209.1	203.27(-5.43%)	N/A	N/A	0	-0.3	-24	0	-45	40	1.34	50%	-0.29	76.6	6.06%	-1.2	0.9	61	0.4
8	Apr_30_2020	232.49	188.75	198.82	205.52	207.9	216.29	214.94(-2.54%)	UD	OpenLong	75	0.6	82	320	81	85	2.5	50%	-0.27	51.5	6.03%	0.2	1.6	61	1.3
9	Apr_29_2020	233.12	185.87	195.32	200.24	202.18	210.95	220.54(8.32%)	UT	OpenLong	75	1.3	129	330	141	92	1.87	49%	-0.24	33.9	6.03%	1.5	2.2	68	1.7
10	Apr_28_2020	233.67	183.37	191.46	194.13	195.1	199.5	203.6(3.57%)	UT	OpenLong	75	0.7	67	170	72	53	1.44	48%	-0.31	29.3	5.94%	1.6	1.5	68	1.2

11	Apr_27_2020	234.4	182.07	189.97	190.85	192.06	193.42	196.59(2.41%)	UT	OpenLong	75	0.4	33	70	32	34	1.01	47%	-0.35	39.3	5.93%	2.1	1.1	63	1.4
12	Apr_24_2020	235.22	181.03	188.83	190.88	190.21	190.69	191.96(1.83%)	UT	HoldLong	50	0.1	4	10	-7	35	0.83	47%	-0.36	53.6	5.93%	0.5	0.9	73	0.9
13	Apr_23_2020	236.08	180.88	188.87	191.08	191.58	190.71	188.51(-0.78%)	UD	OpenLong	75	-0.2	24	-20	10	65	1.01	46%	-0.39	74.1	5.92%	-0.6	0.6	73	0.4
14	Apr_22_2020	237.01	180.59	188.5	189.42	191.75	189.72	189.99(1.5%)	UD	OpenLong	65	0	10	-40	-9	68	1.12	47%	-0.38	86.6	5.93%	-0.6	0.8	69	0.3
15	Apr_21_2020	237.91	179.36	187.07	188.22	189.36	192.46	187.19(-4.85%)	UD	OpenLong	65	-0.1	12	130	-7	68	1.05	46%	-0.38	81.5	5.94%	-0.8	0.6	57	-0.2

16	Apr_20_2020	238.82	177.06	186.1	188.79	188.31	193.78	196.73(1.93%)	UT	OpenLong	75	0.5	83	200	76	104	1.39	46%	-0.35	61.4	5.92%	1	1.3	57	0.6
17	Apr_17_2020	239.66	174.49	182.04	186.56	186.66	186.26	193(7.1%)	UT	OpenLong	75	0.4	45	-10	36	70	1.34	46%	-0.2	39.9	5.96%	2.5	1.1	57	1.2
18	Apr_16_2020	240.15	171.99	178.1	186.6	185.23	182.83	180.2(-2.05%)	N/A	N/A	0	-0.4	-33	-110	-50	17	1.1	45%	-0.44	27.6	5.88%	-1.4	0.5	46	1.1
19	Apr_15_2020	241.2	170.37	175.98	187.43	187.7	187.07	183.98(-3.19%)	UD	OpenLong	75	-0.2	7	-20	1	26	0.92	44%	-0.41	13.4	5.91%	-0.7	0.8	51	1.1
20	Apr_14_2020	242.19	169.55	174.84	185.53	187.27	187.63	190.05(2.41%)	UT	OpenLong	75	0.3	17	40	13	30	0.88	44%	-0.38	-4.6	5.92%	0.4	1.2	61	1.5

21	Apr_13_2020	243.11	168.06	173.54	182.82	184.49	188.34	185.57(-3.94%)	UD	OpenLong	75	0.2	42	170	38	55	1.07	44%	-0.5	-23.5	5.92%	-0.1	1	70	1.2
22	Apr_9_2020	244.34	168.26	172.51	176.57	181.65	186.92	193.18(4.78%)	UT	OpenLong	75	1	109	290	117	84	1.76	45%	-0.32	-40.3	5.86%	1.3	1.5	68	0.9
23	Apr_8_2020	245.13	167.42	171.89	168.35	172.44	180.65	184.37(5.68%)	UT	OpenLong	75	0.9	81	410	84	71	1.8	45%	-0.37	-62	5.85%	0.9	0.9	68	0.9
24	Apr_7_2020	246.04	168.03	171.59	162.94	165.34	176.39	174.46(-1.17%)	UD	OpenLong	75	0.5	121	510	130	93	1.49	45%	-0.4	-63.4	5.8%	0.3	0.3	63	0.8
25	Apr_6_2020	247.02	170.36	170.69	162.74	160.48	164.24	176.53(14.42%)	UT	OpenLong	75	0.6	81	120	83	73	1.57	45%		-58.2	5.8%	1.7	0.3	54	0.8
i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD

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