Trading Signals: ALGN Stock Price Prediction and Forecast

^ ALGN: Intraday Hourly Forecast Similar Waves GapOpen Research Timing Gains Losses Strategies Practice

Tue. Nov. 3, 2020

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

(Align Technology Inc)
ALGN latest price $464.8200 (1.44%) ($453.1600 - $465.9700) on Tue. Nov. 3, 2020.

Trend Analysis and Forecast

Average Daily Percentage Swing   4.86% (three month average)
RSI   81
Latest Price   $464.8200(1.44%)
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 13.8% a week on average for past two weeks.
Market Behavior   Broad based rally for large cap. Broad based rally for small cap.
Correlated ETFs   Broad market will support ALGN advance at 0% a week (0% probability)
VUG(52%)    IBUY(50%)    IWF(50%)    IWO(50%)    SKYY(50%)
Factors Impacting ALGN price   ALGN will decline at least -2.43% in a week (0% probabilities).
VIXM(-34%)    UUP(-21%)    VXX(-12%)    TBT(-9%)    EDOC(-6%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -2.43% (StdDev 4.86%)
Hourly BBV 1.2 ()
Intraday Trend 0%

5 Day Moving Average   $444.98(4.46%)
10 Day Moving Average   $440.42(5.54%)
20 Day Moving Average   $388.7(19.58%)
To recent high   -1.1%
To recent low   61.9%
Market Cap   $36.619b

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 15.54% (three month std-dev: 4.86%) daily (68% of days).

Sample size 13 Average positive next day return: 7.96%(54%) Average negative next day return: -2.81%(46%) Sample size 13 Average positive next three day return: 14.48%(54%) Average negative next three day return: -7.28%(46%) Sample size 13 Average positive next weekly return: 13.98%(62%) Average negative next weekly return: -7.1%(38%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20201203

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	Nov_3_2020	317.32	388.7	440.42	444.98	444.08	456.76	464.82(1.44%)	UT	HoldLong	65	0.3	227	190	217	257	0.79	78%	0.66	58	4.86%	1.2	1.3	81	-0.6
2	Nov_2_2020	315.24	381.17	428.14	443.02	439	438.92	458.24(7.53%)	UT	HoldLong	65	0.3	102	-30	68	205	1.24	78%	0.67	58.9	4.87%	1.9	1.3	81	-1.4
3	Oct_30_2020	313.15	374.09	415.61	442.27	440.6	431.4	426.16(-2.4%)	CR	SmallShort	-20	-0.3	-70	-160	-137	132	0.77	76%	0.61	60.8	4.8%	-1.3	0.9	76	-1.7
4	Oct_29_2020	311.25	368.51	407.26	451.06	448.49	439.07	436.66(-0.54%)	N/A	N/A	0	-0.3	-80	-160	-158	156	0.77	76%	0.55	67.2	4.79%	-0.7	1.2	80	-1.4
5	Oct_28_2020	309.54	362.41	397.54	454.56	455.38	449.8	439.02(-3.52%)	N/A	N/A	0	-0.3	-2	-80	-74	214	0.79	76%	0.52	73.4	4.79%	-1.4	1.4	81	-2.6

6	Oct_27_2020	307.94	356.54	386.99	433.88	456.83	457.9	455.04(0.12%)	UT	HoldLong	65	0.4	210	180	185	283	0.78	76%	0.55	66.6	4.79%	-1	1.9	86	-0.5
7	Oct_26_2020	306.27	349.4	374.23	409.82	426.08	460.96	454.49(-3.32%)	UD	OpenLong	75	1	276	690	275	278	1.64	76%	0.55	57.6	4.8%	-0.5	2.2	86	-0.4
8	Oct_23_2020	304.59	342.31	361.7	384.31	395.13	455.76	470.11(3.52%)	UT	HoldLong	65	2.1	812	1160	919	491	1.94	70%	0.7	47.5	4.77%	0.8	3.2	89	1.1
9	Oct_22_2020	302.47	334.07	346.52	357.61	361.66	391.2	454.13(35.3%)	UT	HoldLong	65	3.4	687	610	787	388	5.11	70%	0.63	39.4	4.83%	1.4	4.2	89	1.2
10	Oct_21_2020	300.59	326.36	332.73	334.11	334.2	334.5	335.65(0.27%)	UT	OpenLong	75	0.2	64	10	56	87	0.77	43%	0.24	42.9	2.14%	0.9	1.1	66	0.9

11	Oct_20_2020	299.86	325.02	331.58	333.56	334.28	332.12	334.74(2.4%)	N/A	N/A	0	0.1	-14	-40	-34	47	0.56	43%	0.28	31	2.15%	-0.1	1.2	55	0.6
12	Oct_19_2020	299.01	324.35	329.83	332.77	333.94	333.9	326.9(-2.89%)	CR	SmallShort	-20	-0.7	-46	10	-70	26	0.66	39%	0.27	22.3	2.16%	-2.8	0.3	56	0.7
13	Oct_16_2020	298.19	324.12	329.26	334.53	334.38	336.45	336.64(0.01%)	UT	OpenLong	75	0.3	74	40	69	89	0.54	49%	0.3	28	2.19%	0.8	1.6	61	1.4
14	Oct_15_2020	297.3	323.27	327.14	332.95	333.8	333.98	336.62(1.12%)	UT	OpenLong	75	0.5	69	10	65	79	0.62	55%	0.29	25.9	2.21%	1.4	1.8	64	1.6
15	Oct_14_2020	296.44	322.74	325.23	331.15	332.19	332.31	332.9(0.63%)	UT	HoldLong	50	0.3	11	10	-2	48	0.56	64%	0.29	20.5	2.28%	0.4	1.5	66	2

16	Oct_13_2020	295.59	322.5	324.58	329.29	330.57	333.61	330.81(-1.45%)	UD	OpenLong	75	0.2	62	80	59	72	0.52	64%	0.12	16.8	2.63%	-0.1	1.2	67	2.1
17	Oct_12_2020	295.23	322.6	323.5	326.37	328.55	332.06	335.69(2.11%)	UT	OpenLong	75	1.4	129	90	141	93	0.6	64%	0.32	22.4	2.63%	1.9	1.9	57	2.7
18	Oct_9_2020	294.29	321.92	322.04	323.21	324.4	327.52	328.74(0.34%)	UT	OpenLong	75	0.9	78	80	84	58	0.38	64%	0.32	21.4	2.62%	1.4	1.1	53	2.6
19	Oct_8_2020	293.34	321.36	320.92	320.46	321.8	325.04	327.62(1.25%)	UT	OpenLong	75	1.1	96	80	109	56	0.35	64%	0.32	12.3	2.63%	1.5	1	54	1.7
20	Oct_7_2020	292.41	321.32	319.33	318.5	318.89	321.28	323.59(2.34%)	UT	OpenLong	75	0.8	48	60	58	17	0.49	64%	0.35	6.3	2.63%	0.9	0.4	46	1

21	Oct_6_2020	291.4	321.31	317.84	319.31	318.17	318.56	316.2(-1.16%)	N/A	N/A	0	-0.5	8	-0	14	-11	0.5	64%	0.31	21.7	2.64%	-0.2	-0.8	40	0.3
22	Oct_5_2020	290.51	321.05	318.41	320.16	320.23	316.5	319.92(1.58%)	DP	OpenShort	-75	-0	-37	-80	-37	-37	0.65	64%	0.41	33.3	2.64%	0.7	-0.2	38	0.6
23	Oct_2_2020	289.33	320.58	318.62	320.68	321.28	317.78	314.95(-0.91%)	DT	OpenShort	-75	-0.8	-127	-70	-143	-78	0.54	64%	0.39	38.9	2.65%	-0.8	-0.8	46	0.4
24	Oct_1_2020	288.22	320.6	319.24	321.28	323.52	323.96	317.84(-3%)	DT	HoldShort	-50	-0.5	-4	30	1	-17	0.86	64%	0.41	46.7	2.66%	-1.5	-0.4	51	0.8
25	Sep_30_2020	287.03	320.94	320.19	320.05	322.32	324.78	327.66(2.26%)	UT	OpenLong	75	1	73	70	93	14	0.69	67%		57	2.63%	0.8	0.9	49	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

Click to see actual return for next trading day.