Trading Signals: ALGN Stock Price Prediction and Forecast

^ ALGN: Intraday Hourly Forecast Similar Waves GapOpen Research Timing Gains Losses Strategies Practice

Thu. Jul. 16, 2020

Trading Signals: ALGN Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)

(Align Technology Inc)
ALGN latest price $308.7300 (-1.78%) ($305.8700 - $313.7700) on Thu. Jul. 16, 2020.

Trend Analysis and Forecast

Average Daily Percentage Swing   3.95% (three month average)
RSI   78
Latest Price   $308.7300(-1.78%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   ALGN advances 2.4% a day on average for past five trading days.
Weekly Trend   ALGN advances 4.9% a week on average for past two weeks.
Market Behavior   Growth stock sell-off for large cap. Growth stock sell-off for small cap.
Correlated ETFs   Broad market will support ALGN advance at 0% a week (0% probability)
IWO(48%)    VUG(48%)    VT(47%)    XLY(47%)    IBUY(46%)
Factors Impacting ALGN price   ALGN will decline at least -1.975% in a week (0% probabilities).
VIXM(-33%)    UUP(-19%)    VXX(-12%)    TBT(-6%)    DRIV(-2%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.975% (StdDev 3.95%)
Hourly BBV 0.3 ()
Intraday Trend 0%

5 Day Moving Average   $293.29(5.26%)
10 Day Moving Average   $286.23(7.86%)
20 Day Moving Average   $275.97(11.87%)
To recent high   -1.8%
To recent low   71.3%
Market Cap   $24.322b

Align Technology, Inc. engages in the manufacture, design, and marketing of global medical devices. It operates through the Clear Aligner, and Scanner and Services segments. The Clear Aligner segment consists of invisalign full, teen and assist products, and vivera retainers along with training and ancillary products for treating malocclusion. The Scanner and Services segment comprises of intraoral scanning systems and additional services available with the intraoral scanners that provide digital alternatives to the traditional cast models. The company was founded by Zia Chishti, Brian Freyburger and Kelsey Wirth in March 1997 and is headquartered in San Jose, CA.

$. ALGN price fluctuates within 5.61% (three month std-dev: 3.95%) daily (68% of days).

Sample size 50 Average positive next day return: 2.32%(40%) Average negative next day return: -1.63%(60%) Sample size 50 Average positive next three day return: 3.81%(36%) Average negative next three day return: -4.57%(64%) Sample size 50 Average positive next weekly return: 4.62%(42%) Average negative next weekly return: -5.04%(58%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20200816

i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD
1	Jul_16_2020	223.48	275.97	286.23	293.29	296.6	311.16	308.73(-1.78%)	UD	OpenLong	75	1	183	380	193	151	0.67	83%	0.37	65.6	3.95%	0.3	2.1	78	1.5
2	Jul_15_2020	222.65	273.52	282.58	286.36	287.45	302.36	314.34(4.94%)	UT	HoldLong	65	2	307	370	343	199	1.86	83%	0.39	58.3	3.96%	1.1	3	81	1.4
3	Jul_14_2020	221.78	270.82	278.35	279.19	277.73	282.05	299.55(10.78%)	UT	OpenLong	75	2.1	145	90	157	108	1.6	82%	0.27	52.9	3.96%	2.1	2.9	67	0.9
4	Jul_13_2020	221.18	268.68	274.9	274.21	274.1	272.54	270.39(-1.12%)	N/A	N/A	0	-0.5	-13	-40	-26	25	0.65	78%	0.05	31.9	3.75%	-0.3	0.2	60	0
5	Jul_10_2020	221.08	267.81	274.37	276.6	275.25	273.42	273.46(-0.22%)	N/A	N/A	0	-0.4	-34	-60	-53	25	0.76	78%	0	17.5	3.79%	-0.5	0.7	61	1.2

6	Jul_9_2020	221.07	266.17	272.95	277.89	277.89	275.65	274.06(-1.59%)	N/A	N/A	0	-0.4	-15	-60	-31	35	0.59	78%	-0.01	8.2	3.82%	-0.8	0.8	58	0.8
7	Jul_8_2020	221.1	265.78	271.44	277.85	279.47	277.09	278.49(1.41%)	N/A	N/A	0	0.1	-18	-40	-35	32	0.55	78%	0.04	7.8	3.84%	-0.6	1.2	63	0.9
8	Jul_7_2020	221.01	265.69	270.28	277.21	279	280.13	274.63(-2.74%)	UD	OpenLong	65	-0.3	2	50	-11	41	0.45	78%	0.25	13.1	3.89%	-2	0.9	58	0.7
9	Jul_6_2020	220.46	266.27	268.89	275.56	277.91	281.86	282.38(0.89%)	UT	OpenLong	75	0.6	91	130	94	80	0.79	83%	-0.21	23.4	3.88%	0.1	1.4	69	1.1
10	Jul_2_2020	220.92	266.35	266.67	271.78	273.35	277.87	279.9(2.21%)	UT	OpenLong	75	0.7	83	130	88	68	0.7	83%	0.03	30.7	4.2%	0.9	1.2	72	0.8

11	Jul_1_2020	220.86	265.32	264.98	267.29	268.7	273.95	273.86(-0.52%)	UD	OpenLong	75	0.6	93	150	100	73	0.69	72%	0.05	25.3	4.24%	0.8	0.8	77	0.6
12	Jun_30_2020	220.76	264.98	263.73	264.05	263.91	268.83	275.28(3.34%)	UT	OpenLong	75	1	80	130	88	55	0.86	72%	0.08	24.4	4.42%	1.7	0.9	53	0.3
13	Jun_29_2020	220.59	264.33	262.49	262.49	260.37	263.44	266.38(1.09%)	UT	OpenLong	75	0.3	45	60	50	29	0.6	72%	0.03	26.7	4.41%	1.1	0.2	44	-0.2
14	Jun_26_2020	220.52	263.6	261.73	261.29	260.8	258.99	263.5(2.35%)	N/A	N/A	0	0.2	17	-50	23	0	1.47	66%	-0.01	25.3	4.52%	2.2	-0	38	-0.9
15	Jun_25_2020	220.55	262.8	260.61	260.82	260.26	257.31	257.44(-0.08%)	DT	OpenShort	-75	-0.3	-68	-90	-72	-55	0.69	70%	-0.05	27.3	4.54%	-0.7	-0.4	36	-0.3

16	Jun_24_2020	220.65	262.49	258.95	262.22	261.9	262.62	257.64(-3.68%)	DT	OpenShort	-75	-0.4	-22	20	-16	-38	0.99	75%	0	35.2	4.73%	-1	-0.4	52	-0.7
17	Jun_23_2020	220.64	262.27	259.85	263.15	263.22	263.22	267.48(2.73%)	N/A	N/A	0	0.3	15	0	25	-17	0.74	72%	0.07	46.8	5.26%	1.2	0.4	51	-0
18	Jun_22_2020	220.49	261.34	260.79	262.52	262.46	261.18	260.38(-0.3%)	DT	OpenShort	-75	-0.2	-29	-30	-27	-34	0.64	72%	0.01	51.8	5.3%	-0.9	-0.1	51	-0.2
19	Jun_19_2020	220.46	260.6	263.47	262.22	263.94	263.22	261.16(-1.25%)	N/A	N/A	0	-0.1	5	0	9	-6	1.06	72%	-0.01	63.6	5.3%	-1.3	0	57	-0.8
20	Jun_18_2020	220.48	259.47	265.96	260.28	261.98	263.75	264.46(0.84%)	UT	OpenLong	75	0.3	15	70	17	9	0.77	65%	0.01	65.9	5.31%	-0.3	0.3	59	-0.7

21	Jun_17_2020	220.46	258.15	265.62	255.05	258.79	264.66	262.25(-0.8%)	UD	OpenLong	75	0.5	56	200	67	21	0.5	66%	-0.03	64.2	5.62%	0.2	0.3	57	-0.9
22	Jun_16_2020	220.52	256.41	266.24	256.09	253.42	260.21	264.37(2.13%)	UT	OpenLong	75	0.5	46	160	53	24	0.8	59%	0.02	66.1	5.64%	1.1	0.5	57	-1
23	Jun_15_2020	220.48	254.74	266.21	259.17	254.85	252.92	258.85(2.93%)	UT	OpenLong	75	-0	13	-100	11	19	0.74	59%	-0.05	73.3	6.04%	1.7	0.2	57	-1.3
24	Jun_12_2020	220.59	252.22	265.62	265.4	261.56	246.63	251.49(5.55%)	DP	OpenShort	-75	-0.7	-111	-440	-139	-25	1.3	57%	-0.09	71.2	6.1%	-0.4	-0	56	-1.4
25	Jun_11_2020	220.79	250.2	265.4	272.74	271.12	256.77	238.28(-10.91%)	DT	OpenShort	-75	-1.5	-169	-390	-213	-35	1.58	53%		73.7	6.23%	-1.7	-0.5	56	-2.6
i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD

Click to see actual return for next trading day.