Trading Signals: ALGN Stock Price Prediction and Forecast

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Wed. Dec. 28, 2022

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

(Align Technology Inc)
ALGN latest price $201.9900 (-1.12%) ($201.9900 - $201.9900) on Wed. Dec. 28, 2022.

Trend Analysis and Forecast

Average Daily Percentage Swing   4.12% (three month average)
RSI   71
Latest Price   $201.9900(-1.12%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   ALGN advances 0.1% a day on average for past five trading days.
Weekly Trend   ALGN advances 2.8% a week on average for past two weeks.
Market Behavior   Broad based sell-off for large cap. Broad based sell-off for small cap.
Correlated ETFs   Broad market will support ALGN advance at 0% a week (0% probability)
XLY(18%)    EWY(16%)    IDRV(16%)    SKYY(15%)    VUG(15%)
Factors Impacting ALGN price   ALGN will decline at least -2.06% in a week (0% probabilities).
IGOV(-12%)    ARKG(-10%)    VIXM(-8%)    TBT(-8%)    VCSH(-4%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -2.06% (StdDev 4.12%)
Hourly BBV -0.6 ()
Intraday Trend 0%

5 Day Moving Average   $203.32(-0.65%)
10 Day Moving Average   $201.2(0.39%)
20 Day Moving Average   $197.33(2.36%)
To recent high   -12%
To recent low   15.7%
Market Cap   $15.913b

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 2.97% (three month std-dev: 4.12%) daily (68% of days).

Sample size 41 Average positive next day return: 1.48%(59%) Average negative next day return: -0.54%(41%) Sample size 41 Average positive next three day return: 2.95%(66%) Average negative next three day return: -1.86%(34%) Sample size 41 Average positive next weekly return: 3.79%(56%) Average negative next weekly return: -2.54%(44%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20230128

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	Dec_28_2022	218.97	197.33	201.2	203.32	203.23	203.13	201.99(-1.12%)	N/A	N/A	0	-0.2	-1	-0	-13	36	0.96	49%	-0.33	48.1	4.12%	-0.6	0.8	71	1.3
2	Dec_27_2022	219.7	196.82	200.9	203.11	203.68	203.95	204.27(0.35%)	UT	HoldLong	65	0.2	26	20	16	56	0.64	49%	-0.75	47.3	4.12%	0.9	1.3	76	1.2
3	Dec_23_2022	221.35	196.09	200	201.89	202.85	203.33	203.55(0.28%)	UT	OpenLong	75	0.3	23	30	12	56	0.84	49%	-0.41	40.8	4.1%	1	1.3	71	1.3
4	Dec_22_2022	222.26	195.6	198.59	200.72	201.49	203.41	202.98(-0.4%)	UD	OpenLong	75	0.4	29	80	22	50	0.54	47%	-0.38	36.4	4.1%	0.5	1.3	53	1.8
5	Dec_21_2022	223.11	195.2	197.32	200.46	200.31	202.37	203.79(1.42%)	UT	OpenLong	75	0.6	44	70	42	49	0.65	47%	-0.35	32.7	4.14%	1.3	1.7	50	1.6

6	Dec_20_2022	223.89	194.55	195.72	198.81	199.78	199.58	200.94(1.38%)	UT	OpenLong	75	0.4	28	10	27	31	0.74	44%	-0.37	5.6	4.14%	0.6	1.3	53	1
7	Dec_19_2022	224.72	194.08	194.25	198.41	198.44	198.26	198.21(0.27%)	N/A	N/A	0	-0	-14	-10	-21	6	0.94	44%	-0.37	-13.8	4.18%	0.1	0.9	56	1.8
8	Dec_16_2022	225.56	193.82	193.22	197.79	198.62	199.99	197.68(-1.98%)	UD	OpenLong	75	-0	25	60	26	21	1.08	44%	-0.38	-42.7	4.18%	-0	0.9	58	0.6
9	Dec_15_2022	226.41	193.64	193.18	196.02	197.82	198.62	201.68(3.13%)	UT	OpenLong	75	1.3	41	60	46	25	2.35	44%	-0.27	-57	4.18%	0.6	1.8	55	-0.8
10	Dec_14_2022	227.02	193.52	193.02	193.67	194.57	197.25	195.56(-1.7%)	UD	OpenLong	75	0.4	15	110	17	8	0.55	44%	-0.25	-46.7	4.17%	-0.1	0.5	50	-0.4

11	Dec_13_2022	227.58	194.27	193.06	192.1	193.17	197.01	198.94(1.97%)	UT	OpenLong	75	1.1	74	160	88	33	0.88	41%	-0.24	-17.9	4.16%	0.9	0.8	57	-0.4
12	Dec_12_2022	228.12	194.72	192.27	189.5	190.45	191.89	195.09(3.33%)	UT	OpenLong	75	0.8	40	70	51	7	0.9	41%	-0.31	-7.6	4.25%	1.6	0.1	53	-1.9
13	Dec_9_2022	228.83	195.79	191.75	188.05	188.09	189.33	188.81(-0.61%)	DP	OpenShort	-65	0.1	-5	50	1	-21	0.6	41%	-0.42	8.8	4.23%	0.7	-0.8	46	-0.8
14	Dec_8_2022	229.8	196.21	192.33	189.98	187.87	189.01	189.96(1.21%)	N/A	N/A	0	-0	2	10	6	-12	0.55	41%	-0.37	26.3	4.25%	1.3	-0.7	46	-0.1
15	Dec_7_2022	230.65	195.59	192.92	192.39	189.83	186.85	187.68(0.91%)	DP	OpenShort	-75	-0.5	-26	-150	-28	-19	0.47	44%	-0.35	28.5	4.26%	-0.2	-0.8	37	-0.5

16	Dec_6_2022	231.46	195.37	193.37	194.17	193.33	186.73	185.98(-0.98%)	DT	OpenShort	-75	-0.8	-78	-250	-87	-50	0.71	44%	-0.3	26.9	4.3%	-1	-0.9	27	-0.2
17	Dec_5_2022	232.15	195.25	194.09	195.3	195.32	192.82	187.82(-5.36%)	DT	OpenShort	-75	-0.7	-82	-90	-90	-58	0.71	44%	-0.29	24.3	4.31%	-1.9	-0.7	32	0.5
18	Dec_2_2022	232.83	195.03	194.74	195.73	196.28	199.94	198.46(-1.75%)	N/A	N/A	0	0.3	25	140	40	-21	0.57	46%	-0.21	21.9	4.29%	0.6	0.3	31	0.6
19	Dec_1_2022	233.32	193.99	194.29	194.94	194.32	197.82	202.01(2.77%)	N/A	N/A	0	0.6	56	120	78	-11	0.68	46%	-0.21	16.5	4.29%	1.6	0.7	55	0.8
20	Nov_30_2022	233.82	192.88	194.03	193.72	192.21	192.63	196.56(2.56%)	N/A	N/A	0	0.2	9	-10	20	-24	1.69	46%	-0.23	-3.1	4.24%	2	0.3	65	0.9

21	Nov_29_2022	234.35	192.68	195.45	192.67	192.79	190.81	191.66(0.9%)	DP	OpenShort	-75	-0.1	-13	-70	-11	-20	0.45	46%	-0.25	-14.7	4.23%	-0.3	-0.1	59	1.4
22	Nov_28_2022	234.93	192.77	197.2	192.76	192.7	191.8	189.96(-2.35%)	DT	OpenShort	-75	-0.2	-34	-30	-41	-13	0.64	46%	-0.31	-21.4	4.23%	-1.5	-0.2	58	1.4
23	Nov_25_2022	235.65	192.72	199.98	193.48	193.24	194.77	194.53(-0.7%)	UD	OpenLong	75	0.1	20	50	14	36	0.39	45%	-0.33	-27.4	4.31%	0	0.2	61	1.3
24	Nov_23_2022	236.43	192.14	200.28	193.46	193.21	193.6	195.9(2.4%)	UT	OpenLong	75	0.2	30	10	22	53	0.37	47%	-0.24	-29.9	4.34%	1.5	0.3	64	1.4
25	Nov_22_2022	237.01	193.25	198.47	194.48	192.85	191.72	191.31(-0.43%)	N/A	N/A	0	-0.2	-27	-70	-45	29	0.62	45%		-21.3	4.33%	-0.1	-0.1	60	1.3
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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