Trading Signals: ALGN Stock Price Prediction and Forecast

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Fri. Dec. 22, 2023

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

(Align Technology Inc)
ALGN latest price $270.7700 (-1.24%) ($270.7700 - $270.7700) on Fri. Dec. 22, 2023.

Trend Analysis and Forecast

Average Daily Percentage Swing   4.07% (three month average)
RSI   79
Latest Price   $270.7700(-1.24%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   ALGN advances 1.2% a day on average for past five trading days.
Weekly Trend   ALGN advances 11.1% a week on average for past two weeks.
Market Behavior   Value stock rally for large cap. Broad based rally for small cap.
Correlated ETFs   Broad market will support ALGN advance at 0% a week (0% probability)
OIH(88%)    DRIV(87%)    IWN(92%)    PAVE(91%)    IWM(85%)
Factors Impacting ALGN price   ALGN will decline at least -2.035% in a week (0% probabilities).
TBT(-54%)    UUP(-44%)    VIXM(-31%)    VXX(-25%)    XLP(0%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -2.035% (StdDev 4.07%)
Hourly BBV 0 ()
Intraday Trend 0%

5 Day Moving Average   $267.71(1.14%)
10 Day Moving Average   $253(7.02%)
20 Day Moving Average   $235.68(14.89%)
To recent high   -11.9%
To recent low   48.2%
Market Cap   $21.332b

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 9.47% (three month std-dev: 4.07%) daily (68% of days).

Sample size 50 Average positive next day return: 3.7%(44%) Average negative next day return: -2%(56%) Sample size 50 Average positive next three day return: 5.23%(48%) Average negative next three day return: -4.31%(52%) Sample size 50 Average positive next weekly return: 6.61%(54%) Average negative next weekly return: -7.67%(46%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

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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	Dec_22_2023	277.42	235.68	253	267.71	269.01	272.51	270.77(-1.24%)	UD	OpenLong	75	0.1	101	110	70	192	0.34	47%	-0.34	66.6	4.07%	0	1.6	79	1.4
2	Dec_21_2023	278.38	232.97	248.13	264.63	266.23	268.93	274.16(4.01%)	UT	HoldLong	65	0.4	111	90	83	193	0.65	45%	-0.34	70.1	4.07%	1.7	1.9	81	0.6
3	Dec_20_2023	279.32	229.97	242.3	261.21	261.51	265.5	263.6(-1.76%)	UD	OpenLong	75	0.1	86	110	55	178	0.63	44%	-0.41	76.8	4.05%	-0.9	1.8	81	0.3
4	Dec_19_2023	280.46	227.43	237.56	254.72	259.12	263.53	268.33(2.54%)	UT	HoldLong	65	0.8	171	170	161	200	1.04	44%	-0.39	76.5	4.06%	1.5	2.3	80	0.7
5	Dec_18_2023	281.56	224.58	232.1	244.55	250.06	257.52	261.68(2.47%)	UT	HoldLong	65	1.2	137	280	131	154	1.36	44%	-0.43	78.3	4.05%	1.7	2.5	80	0.8

6	Dec_15_2023	282.77	221.7	227.64	235.95	239.53	254.71	255.38(-0.65%)	UD	OpenLong	75	1.6	216	490	233	166	1.4	44%	-0.46	78.9	4.04%	0.6	2.7	75	0.8
7	Dec_14_2023	284.07	218.97	223.86	229.14	230.34	242.61	257.06(11.21%)	UT	OpenLong	75	2.7	272	390	305	171	3.21	46%	-0.29	83.7	4.04%	1.2	3.7	73	1.6
8	Dec_13_2023	284.9	216.21	219.15	220.96	222.16	224.34	231.14(6.27%)	UT	OpenLong	75	1.7	105	80	119	64	0.87	38%	-0.36	114.4	3.81%	3.2	2.5	62	1.4
9	Dec_12_2023	285.92	214.76	217.55	218.03	218.41	218.08	217.51(-0.52%)	DT	OpenShort	-75	-0.1	-19	-10	-24	-4	0.97	30%	-0.42	113.1	3.71%	-0.1	0.5	54	1.6
10	Dec_11_2023	287.13	213.54	217.24	217.63	218.31	219.99	218.65(-1.21%)	UD	OpenLong	75	0.1	20	60	22	12	0.83	30%	-0.42	79.3	3.73%	0.3	0.7	55	1.4

11	Dec_8_2023	288.33	212.28	217.04	217.83	217.53	218.74	221.32(2.38%)	UT	OpenLong	75	0.4	29	30	31	23	1.06	30%	-0.38	66.8	3.74%	2	1	69	1.2
12	Dec_7_2023	289.44	210.64	216.77	217.64	217.19	216.64	216.17(-0.15%)	UD	OpenLong	75	-0.1	7	-20	2	23	0.46	27%	-0.44	56	3.73%	0.1	0.6	69	1
13	Dec_6_2023	290.72	209.57	216.91	217.01	217.74	216.32	216.49(0.45%)	N/A	N/A	0	-0	-2	-40	-10	24	0.58	27%	-0.5	57	3.83%	0.5	0.7	66	1.2
14	Dec_5_2023	292.17	208.62	216.81	216.97	216.7	217.74	215.52(-1.88%)	N/A	N/A	0	-0.1	-7	30	-19	29	0.75	27%	-0.53	62.4	3.82%	-0.6	0.6	67	1.3
15	Dec_4_2023	293.74	207.74	216.8	216.69	216.88	219.15	219.64(-0.34%)	UD	OpenLong	75	0.3	63	80	58	76	0.71	27%	-0.5	67	3.82%	0.2	1.1	80	1.4

16	Dec_1_2023	295.22	206.62	215.55	216.12	215.42	215.67	220.39(3.47%)	UT	HoldLong	65	0.4	30	-0	17	69	1.36	27%	-0.5	70.5	3.85%	0.9	1.3	80	1.3
17	Nov_30_2023	296.71	205.2	213.87	215.91	215.04	214.62	212.99(-1.53%)	UD	OpenLong	65	-0.3	1	-30	-21	67	0.84	27%	-0.49	72.1	3.8%	-1	0.8	80	1.4
18	Nov_29_2023	298.17	203.75	213.15	216.83	216.51	215.17	216.31(1.03%)	UD	OpenLong	65	-0	16	-50	-8	87	0.84	27%	-0.45	39.8	3.8%	0.2	1.1	72	1.3
19	Nov_28_2023	299.53	202.18	211.83	216.62	217.08	215.45	214.1(-1.25%)	N/A	N/A	0	-0.2	-5	-50	-34	82	0.52	27%	-0.43	5.8	3.81%	-1.4	1	65	1.5
20	Nov_27_2023	300.82	200.82	209.69	216.82	217.36	217.86	216.81(-1.16%)	UD	OpenLong	65	-0	21	20	-3	93	0.62	27%	-0.38	-24.2	3.82%	-0.8	1.4	67	1.3

21	Nov_24_2023	301.96	199.47	207.28	214.76	216.99	218.7	219.35(0.8%)	UT	OpenLong	75	0.4	69	90	56	106	0.49	27%	-0.48	-61.3	3.83%	0	1.8	70	1.4
22	Nov_22_2023	303.42	197.99	204.08	211.47	213.89	216.87	217.61(1.1%)	UT	OpenLong	75	0.4	66	130	58	91	0.58	27%	-0.29	-70.3	3.82%	0.9	1.3	72	1.2
23	Nov_21_2023	304.29	199.38	201.61	208.91	209.99	215.28	215.23(0.07%)	UT	HoldLong	65	0.3	87	190	83	99	0.83	27%	-0.43	-59.6	3.84%	1	0.8	77	1.3
24	Nov_20_2023	305.59	201.52	199.67	206.37	207.39	210.92	215.09(4.15%)	UT	OpenLong	75	0.4	117	130	118	112	1.01	27%	-0.46	-54.9	3.85%	1.7	0.5	74	1.4
25	Nov_17_2023	307	203.65	197.77	201.55	204.19	204.7	206.52(1.79%)	UT	OpenLong	75	0.2	56	60	50	74	0.85	23%		-53.6	3.8%	-0	0.1	68	1.5
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