ALIGN TECHNOLOGY INC.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	ALGN
ISIN:

ALIGN TECHNOLOGY INC. - 1H - Technical analysis published on 03/08/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

94%

My opinion

Bullish above 308.02 USD

My targets

321.83 USD (+1.67%)

331.85 USD (+4.83%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ALIGN TECHNOLOGY INC. as long as the price remains well above 308.02 USD. The buyers' bullish objective is set at 321.83 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 331.85 USD. If there is any crossing, the next objective would be the resistance located at 360.26 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.4

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

ALIGN TECHNOLOGY INC. rating 316.55 USD. The price registered an increase of +1.85% on the session and was traded between 312.18 USD and 318.64 USD over the period. The price is currently at +1.40% from its lowest and -0.66% from its highest.

312.18

318.64

316.55

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

Opening Gap UP

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by ALIGN TECHNOLOGY INC.:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of ALIGN TECHNOLOGY INC. indicates that the overall trend is strongly bullish. 85.71% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Bearish engulfing lines

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	288.33	299.95	308.02	316.55	316.88	321.83	360.26
Change (%)	-8.91%	-5.24%	-2.69%	-	+0.10%	+1.67%	+13.81%
Change	-28.22	-16.60	-8.53	-	+0.33	+5.28	+43.71
Level	Minor	Intermediate	Intermediate	-	Major	Intermediate	Minor

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	301.11	303.83	307.32	310.04	313.53	316.25	319.74
Camarilla	309.09	309.66	310.23	310.80	311.37	311.94	312.51
Woodie	301.49	304.02	307.70	310.23	313.91	316.44	320.12
Fibonacci	303.83	306.21	307.67	310.04	312.42	313.88	316.25

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	272.87	285.06	292.53	304.72	312.19	324.38	331.85
Camarilla	294.60	296.41	298.21	300.01	301.81	303.61	305.42
Woodie	270.52	283.88	290.18	303.54	309.84	323.20	329.50
Fibonacci	285.06	292.57	297.21	304.72	312.23	316.87	324.38

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	212.26	238.05	270.24	296.03	328.22	354.01	386.20
Camarilla	286.48	291.79	297.11	302.42	307.74	313.05	318.37
Woodie	215.45	239.65	273.43	297.63	331.41	355.61	389.39
Fibonacci	238.05	260.20	273.89	296.03	318.18	331.87	354.01

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	72.96
MACD (12,26,9):	3.4000
Directional Movement:	26.04
AROON (14):	71.43
DEMA (21):	313.35
Parabolic SAR (0,02-0,02-0,2):	306.32
Elder Ray (13):	6.30
Super Trend (3,10):	309.65
Zig ZAG (10):	317.77
VORTEX (21):	1.2200
Stochastique (14,3,5):	97.31
TEMA (21):	316.53
Williams %R (14):	-5.46
Chande Momentum Oscillator (20):	13.81
Repulse (5,40,3):	1.2900
ROCnROLL:	1
TRIX (15,9):	0.0900
Courbe Coppock:	7.92

MA7:	306.05
MA20:	306.63
MA50:	285.18
MA100:	255.39
MAexp7:	314.43
MAexp20:	309.61
MAexp50:	307.11
MAexp100:	304.76
Price / MA7:	+3.43%
Price / MA20:	+3.24%
Price / MA50:	+11.00%
Price / MA100:	+23.95%
Price / MAexp7:	+0.67%
Price / MAexp20:	+2.24%
Price / MAexp50:	+3.07%
Price / MAexp100:	+3.87%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

The last news published on ALIGN TECHNOLOGY INC. at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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