ALIGN TECHNOLOGY INC. - Daily - Technical analysis published on 07/05/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
33%
44%
22%
My opinion
Bearish under 283.97 USD
My targets
263.15 USD (-4.31%)
238.87 USD (-13.14%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on ALIGN TECHNOLOGY INC. as long as the price remains well below 283.97 USD. The sellers” bearish objective is set at 263.15 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 238.87 USD. In case of crossing, the next objective would be the support located at 204.07 USD.
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ALIGN TECHNOLOGY INC. rating is 275.00 USD. The price has increased by +1.51% since the last closing and was traded between 271.38 USD and 277.47 USD over the period. The price is currently at +1.33% from its lowest and -0.89% from its highest.271.38
277.47
275.00
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ALIGN TECHNOLOGY INC.:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of ALIGN TECHNOLOGY INC. in Daily shows an overall bearish trend. The signals given by moving averages are 71.43% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
On the 18 technical indicators analysed, 6 are bullish, 4 are neutral and 8 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
RSI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 204.07 | 238.87 | 263.15 | 275.00 | 283.97 | 315.03 | 331.08 |
| Change (%) | -25.79% | -13.14% | -4.31% | - | +3.26% | +14.56% | +20.39% |
| Change | -70.93 | -36.13 | -11.85 | - | +8.97 | +40.03 | +56.08 |
| Level | Minor | Major | Intermediate | - | Major | Major | Intermediate |
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 | 261.59 | 265.58 | 268.24 | 272.23 | 274.89 | 278.88 | 281.54 |
| Camarilla | 269.07 | 269.68 | 270.29 | 270.90 | 271.51 | 272.12 | 272.73 |
| Woodie | 260.92 | 265.25 | 267.58 | 271.90 | 274.23 | 278.55 | 280.88 |
| Fibonacci | 265.58 | 268.12 | 269.69 | 272.23 | 274.77 | 276.34 | 278.88 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 239.63 | 251.67 | 262.68 | 274.72 | 285.73 | 297.77 | 308.78 |
| Camarilla | 267.36 | 269.47 | 271.59 | 273.70 | 275.81 | 277.93 | 280.04 |
| Woodie | 239.12 | 251.41 | 262.17 | 274.46 | 285.23 | 297.51 | 308.27 |
| Fibonacci | 251.67 | 260.47 | 265.91 | 274.72 | 283.52 | 288.96 | 297.77 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 38.56 | |
| MACD (12,26,9): | -9.1700 | |
| Directional Movement: | -14.54 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 274.46 | |
| Parabolic SAR (0,02-0,02-0,2): | 293.81 | |
| Elder Ray (13): | -5.97 | |
| Super Trend (3,10): | 298.72 | |
| Zig ZAG (10): | 275.00 | |
| VORTEX (21): | 0.9100 | |
| Stochastique (14,3,5): | 17.87 | |
| TEMA (21): | 267.57 | |
| Williams %R (14): | -76.64 | |
| Chande Momentum Oscillator (20): | -13.68 | |
| Repulse (5,40,3): | -2.5100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.3700 | |
| Courbe Coppock: | 20.43 |
| MA7: | 272.19 | |
| MA20: | 290.45 | |
| MA50: | 304.35 | |
| MA100: | 285.50 | |
| MAexp7: | 275.06 | |
| MAexp20: | 285.57 | |
| MAexp50: | 292.09 | |
| MAexp100: | 286.67 | |
| Price / MA7: | +1.03% | |
| Price / MA20: | -5.32% | |
| Price / MA50: | -9.64% | |
| Price / MA100: | -3.68% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | -3.70% | |
| Price / MAexp50: | -5.85% | |
| Price / MAexp100: | -4.07% |
News
The latest news and videos published on ALIGN TECHNOLOGY INC. at the time of the analysis were as follows:
- Arbitration Ruling finds Align Technology in Violation of Restrictive Covenants with Smile Direct Club
- Lawsuit for Investors in shares of Align Technology, Inc. (NASDAQ: ALGN) announced by Shareholders Foundation
- ALGN LOSS NOTICE: Rosen Law Firm Announces Filing of Securities Class Action Against Align Technology, Inc.; Important Deadline - ALGN
- ALIGN TECHNOLOGY INVESTOR ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $100,000 Investing In Align Technology, Inc. To Contact The Firm
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Align Technology, Inc. - ALGN
This member declared not having a position on this financial instrument or a related financial instrument.
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