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. - Daily - Technical analysis published on 04/09/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

22%

My opinion

Bullish above 299.33 USD

My targets

360.26 USD (+9.38%)

392.98 USD (+19.31%)

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 299.33 USD. The buyers' bullish objective is set at 360.26 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 392.98 USD. If there is any crossing, the next objective would be the resistance located at 496.07 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

8.2

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 329.37 USD. The price has increased by +2.91% since the last closing with the lowest point at 322.21 USD and the highest point at 329.43 USD. The deviation from the price is +2.22% for the low point and -0.02% for the high point.

322.21

329.43

329.37

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows the following items:

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 ALIGN TECHNOLOGY INC. in Daily shows a strongly overall bullish trend. 92.86% 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.

In fact, 13 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Near resistance of channel

Type : Bearish

Timeframe : Daily

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

Upside gap

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	256.65	280.03	299.33	329.37	331.08	360.26	392.98
Change (%)	-22.08%	-14.98%	-9.12%	-	+0.52%	+9.38%	+19.31%
Change	-72.72	-49.34	-30.04	-	+1.71	+30.89	+63.61
Level	Intermediate	Intermediate	Major	-	Major	Minor	Major

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	311.33	313.84	316.95	319.46	322.57	325.08	328.19
Camarilla	318.52	319.03	319.55	320.06	320.58	321.09	321.61
Woodie	311.63	313.99	317.25	319.61	322.87	325.23	328.49
Fibonacci	313.84	315.99	317.31	319.46	321.61	322.93	325.08

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	275.57	288.17	302.88	315.48	330.19	342.79	357.50
Camarilla	310.07	312.57	315.08	317.58	320.08	322.59	325.09
Woodie	276.62	288.70	303.93	316.01	331.24	343.32	358.55
Fibonacci	288.17	298.61	305.05	315.48	325.92	332.36	342.79

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	264.98	280.56	304.24	319.82	343.50	359.08	382.76
Camarilla	317.12	320.72	324.32	327.92	331.52	335.12	338.72
Woodie	269.03	282.59	308.29	321.85	347.55	361.11	386.81
Fibonacci	280.56	295.56	304.82	319.82	334.82	344.08	359.08

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	61.66
MACD (12,26,9):	4.1600
Directional Movement:	9.04
AROON (14):	-50.00
DEMA (21):	323.66
Parabolic SAR (0,02-0,02-0,2):	300.78
Elder Ray (13):	6.53
Super Trend (3,10):	302.46
Zig ZAG (10):	329.15
VORTEX (21):	0.9700
Stochastique (14,3,5):	62.05
TEMA (21):	321.07
Williams %R (14):	-18.01
Chande Momentum Oscillator (20):	7.89
Repulse (5,40,3):	4.1700
ROCnROLL:	1
TRIX (15,9):	0.2200
Courbe Coppock:	1.55

MA7:	317.62
MA20:	319.23
MA50:	306.27
MA100:	275.94
MAexp7:	320.52
MAexp20:	317.44
MAexp50:	305.33
MAexp100:	293.17
Price / MA7:	+3.70%
Price / MA20:	+3.18%
Price / MA50:	+7.54%
Price / MA100:	+19.36%
Price / MAexp7:	+2.76%
Price / MAexp20:	+3.76%
Price / MAexp50:	+7.87%
Price / MAexp100:	+12.35%

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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