ALIGN TECHNOLOGY INC. - 1H - Technical analysis published on 12/15/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
67%
0%
33%
My opinion
Bullish above 197.28 USD
My targets
207.49 USD (+3.00%)
221.62 USD (+10.02%)
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 197.28 USD. The buyers' bullish objective is set at 207.49 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 221.62 USD. If there is any crossing, the next objective would be the resistance located at 229.85 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
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
0
10
7.5
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Additional analysis
Quotes
The ALIGN TECHNOLOGY INC. rating is 201.44 USD. The price has increased by +2.88% since the last closing with the lowest point at 186.74 USD and the highest point at 216.04 USD. The deviation from the price is +7.87% for the low point and -6.76% for the high point.186.74
216.04
201.44
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of ALIGN TECHNOLOGY INC. in 1H shows a strongly overall bullish trend. The signals given by moving averages are 89.29% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The technical indicators are bullish. There is still some doubt about the price increase.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 184.62 | 191.77 | 197.28 | 201.44 | 202.24 | 207.49 | 221.62 |
| Change (%) | -8.35% | -4.80% | -2.07% | - | +0.40% | +3.00% | +10.02% |
| Change | -16.82 | -9.67 | -4.16 | - | +0.80 | +6.05 | +20.18 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 183.74 | 188.63 | 192.22 | 197.11 | 200.70 | 205.59 | 209.18 |
| Camarilla | 193.48 | 194.26 | 195.03 | 195.81 | 196.59 | 197.37 | 198.14 |
| Woodie | 183.09 | 188.31 | 191.57 | 196.79 | 200.05 | 205.27 | 208.53 |
| Fibonacci | 188.63 | 191.87 | 193.87 | 197.11 | 200.35 | 202.35 | 205.59 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 170.19 | 176.72 | 182.77 | 189.30 | 195.35 | 201.88 | 207.93 |
| Camarilla | 185.35 | 186.50 | 187.66 | 188.81 | 189.96 | 191.12 | 192.27 |
| Woodie | 169.94 | 176.60 | 182.52 | 189.18 | 195.10 | 201.76 | 207.68 |
| Fibonacci | 176.72 | 181.53 | 184.50 | 189.30 | 194.11 | 197.08 | 201.88 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 122.36 | 147.21 | 171.93 | 196.78 | 221.50 | 246.35 | 271.07 |
| Camarilla | 183.03 | 187.57 | 192.12 | 196.66 | 201.20 | 205.75 | 210.29 |
| Woodie | 122.31 | 147.18 | 171.88 | 196.75 | 221.45 | 246.32 | 271.02 |
| Fibonacci | 147.21 | 166.14 | 177.84 | 196.78 | 215.71 | 227.41 | 246.35 |
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): | 56.07 | |
| MACD (12,26,9): | 1.9600 | |
| Directional Movement: | 12.46 | |
| AROON (14): | 7.14 | |
| DEMA (21): | 201.26 | |
| Parabolic SAR (0,02-0,02-0,2): | 188.46 | |
| Elder Ray (13): | 2.67 | |
| Super Trend (3,10): | 188.57 | |
| Zig ZAG (10): | 201.99 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 53.64 | |
| TEMA (21): | 201.87 | |
| Williams %R (14): | -47.12 | |
| Chande Momentum Oscillator (20): | 2.72 | |
| Repulse (5,40,3): | 0.5300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1200 | |
| Courbe Coppock: | 1.77 |
| MA7: | 194.07 | |
| MA20: | 193.67 | |
| MA50: | 197.97 | |
| MA100: | 226.75 | |
| MAexp7: | 201.20 | |
| MAexp20: | 198.86 | |
| MAexp50: | 196.10 | |
| MAexp100: | 194.75 | |
| Price / MA7: | +3.80% | |
| Price / MA20: | +4.01% | |
| Price / MA50: | +1.75% | |
| Price / MA100: | -11.16% | |
| Price / MAexp7: | +0.12% | |
| Price / MAexp20: | +1.30% | |
| Price / MAexp50: | +2.72% | |
| Price / MAexp100: | +3.44% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The last news published on ALIGN TECHNOLOGY INC. at the time of the generation of this analysis was as follows:
- Align Technology to Award Research Programs That Advance Orthodontic and Dental Patient Care
- Align Technology and Desktop Metal Announce Strategic Collaboration to Make iTero Element™ Flex the Preferred Restorative Intraoral Scanner for Desktop Labs’ Customers Serving General Dentists
- Align Technology Announces $200 Million Accelerated Stock Repurchase Agreement Under Its $1 Billion Repurchase Program
- Align Technology Announces Third Quarter 2022 Financial Results
- Align Technology Introduces Latest iTero-exocad Connector™ Software Release That Enables Advanced Visualization for Doctors and Labs, With Seamless Integration of iTero™ Intraoral Camera and NIRI Images Within exocad™ Software
This member declared not having a position on this financial instrument or a related financial instrument.
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