Align Stock Technical Analysis

ALGN -  USA Stock  

USD 618.13  6.60  1.08%

As of the 1st of December, Align Technology shows the mean deviation of 1.41, and Risk Adjusted Performance of (0.07). Align Technology technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to analyze and collect data for nineteen technical drivers for Align Technology, which can be compared to its rivals. Please confirm Align Technology variance, as well as the relationship between the maximum drawdown and semi variance to decide if Align Technology is priced correctly, providing market reflects its regular price of 618.13 per share. Given that Align Technology has jensen alpha of (0.15), we suggest you to validate Align Technology's prevailing market performance to make sure the company can sustain itself at a future point.

Align Technical Analysis 

 
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Align Technology Analyst Consensus

Target PriceAdvice# of Analysts
695.8Buy10Odds
Align Technology current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Align analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Align stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Align Technology, talking to its executives and customers, or listening to Align conference calls.
Align Analyst Advice Details
Align Technology technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Align Technology technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Align Technology trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Align Technology Technical Analysis

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The output start index for this execution was thirteen with a total number of output elements of fourty-eight. The Normalized Average True Range is used to analyze tradable apportunities for Align Technology across different markets. View also all equity analysis or get more info about normalized average true range volatility indicators indicator.

Align Technology Trend Analysis

Use this graph to draw trend lines for Align Technology. You can use it to identify possible trend reversals for Align Technology as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Align Technology price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Align Technology Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Align Technology applied against its price change over selected period. The best fit line has a slop of   -0.97  , which may suggest that Align Technology market price will keep on failing further. It has 122 observation points and a regression sum of squares at 35706.46, which is the sum of squared deviations for the predicted Align Technology price change compared to its average price change.

About Align Technology Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Align Technology on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Align Technology based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Align Technology stock first instead of the macroeconomic environment surrounding Align Technology. By analyzing Align Technology's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Align Technology's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Align Technology specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2018 2019 2020 2021 (projected)
Receivables Turnover5.164.874.085.38
PPandE Turnover4.524.173.613.7

Align Technology December 1, 2021 Technical Indicators

Most technical analysis of Align help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Align from various momentum indicators to cycle indicators. When you analyze Align charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Align Technology December 1, 2021 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Align stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Please continue to Trending Equities. Note that the Align Technology information on this page should be used as a complementary analysis to other Align Technology's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.

Complementary Tools for Align Stock analysis

When running Align Technology price analysis, check to measure Align Technology's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Align Technology is operating at the current time. Most of Align Technology's value examination focuses on studying past and present price action to predict the probability of Align Technology's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Align Technology's price. Additionally, you may evaluate how the addition of Align Technology to your portfolios can decrease your overall portfolio volatility.
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Is Align Technology's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Align Technology. If investors know Align will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Align Technology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Align Technology is measured differently than its book value, which is the value of Align that is recorded on the company's balance sheet. Investors also form their own opinion of Align Technology's value that differs from its market value or its book value, called intrinsic value, which is Align Technology's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Align Technology's market value can be influenced by many factors that don't directly affect Align Technology's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Align Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine Align Technology value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Align Technology's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.