ALIGN TECHNOLOGY INC. - Daily - Technical analysis published on 09/23/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
72%
0%
28%
My opinion
Bearish under 184.78 USD
My targets
90.34 USD (-50.74%)
64.81 USD (-64.66%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on ALIGN TECHNOLOGY INC.. As long as you are under the resistance located at 184.78 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 90.34 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 64.81 USD as an objective. Crossing it would then enable sellers to target 27.52 USD. If the resistance 184.78 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
FORCE
0
10
0.2
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This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ALIGN TECHNOLOGY INC. rating 183.40 USD. On the day, this instrument lost -1.68% with the lowest point at 182.51 USD and the highest point at 186.83 USD. The deviation from the price is +0.49% for the low point and -1.84% for the high point.182.51
186.83
183.40
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ALIGN TECHNOLOGY INC.:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of ALIGN TECHNOLOGY INC. indicates that the overall trend is bearish. 71.43% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
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
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : Daily
Aroon indicator bullish trend
Type : Bullish
Timeframe : Daily
Ichimoku - Bullish crossover : Tenkan & Kijun
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
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 | 27.52 | 64.81 | 90.34 | 183.40 | 184.78 | 210.98 | 238.34 |
| Change (%) | -84.99% | -64.66% | -50.74% | - | +0.75% | +15.04% | +29.96% |
| Change | -155.88 | -118.59 | -93.06 | - | +1.38 | +27.58 | +54.94 |
| Level | Intermediate | Intermediate | Intermediate | - | Major | Minor | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 172.65 | 176.08 | 181.31 | 184.73 | 189.97 | 193.39 | 198.62 |
| Camarilla | 184.16 | 184.95 | 185.75 | 186.54 | 187.33 | 188.13 | 188.92 |
| Woodie | 173.56 | 176.53 | 182.21 | 185.18 | 190.87 | 193.84 | 199.53 |
| Fibonacci | 176.08 | 179.38 | 181.43 | 184.73 | 188.04 | 190.08 | 193.39 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 159.89 | 165.87 | 176.21 | 182.18 | 192.52 | 198.49 | 208.83 |
| Camarilla | 182.05 | 183.55 | 185.05 | 186.54 | 188.04 | 189.53 | 191.03 |
| Woodie | 162.07 | 166.96 | 178.38 | 183.27 | 194.70 | 199.58 | 211.01 |
| Fibonacci | 165.87 | 172.10 | 175.95 | 182.18 | 188.41 | 192.26 | 198.49 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 128.94 | 150.52 | 166.82 | 188.40 | 204.70 | 226.28 | 242.58 |
| Camarilla | 172.69 | 176.17 | 179.64 | 183.11 | 186.58 | 190.06 | 193.53 |
| Woodie | 126.29 | 149.20 | 164.17 | 187.08 | 202.05 | 224.96 | 239.93 |
| Fibonacci | 150.52 | 164.99 | 173.93 | 188.40 | 202.87 | 211.81 | 226.28 |
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): | 49.03 | |
| MACD (12,26,9): | -3.7400 | |
| Directional Movement: | 2.41 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 173.73 | |
| Parabolic SAR (0,02-0,02-0,2): | 170.21 | |
| Elder Ray (13): | 4.91 | |
| Super Trend (3,10): | 191.09 | |
| Zig ZAG (10): | 183.37 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 75.76 | |
| TEMA (21): | 182.15 | |
| Williams %R (14): | -28.18 | |
| Chande Momentum Oscillator (20): | 5.90 | |
| Repulse (5,40,3): | 1.3500 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.4800 | |
| Courbe Coppock: | 2.95 |
| MA7: | 180.03 | |
| MA20: | 178.08 | |
| MA50: | 198.21 | |
| MA100: | 249.27 | |
| MAexp7: | 180.81 | |
| MAexp20: | 180.85 | |
| MAexp50: | 200.18 | |
| MAexp100: | 226.21 | |
| Price / MA7: | +1.87% | |
| Price / MA20: | +2.99% | |
| Price / MA50: | -7.47% | |
| Price / MA100: | -26.43% | |
| Price / MAexp7: | +1.43% | |
| Price / MAexp20: | +1.41% | |
| Price / MAexp50: | -8.38% | |
| Price / MAexp100: | -18.92% |
News
The latest news and videos published on ALIGN TECHNOLOGY INC. at the time of the analysis were as follows:
- Zimmer Biomet Announces Multinational Distribution Agreement with Align Technology for iTero Element® Intraoral Scanners
- 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
This member declared not having a position on this financial instrument or a related financial instrument.
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