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Health Care Supplies Industry Stocks Technical Analysis - ALGNArchive
- 4/17/2025 -
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Align Technology Inc. (ALGN) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a second consecutive positive week for the Align Technology Inc. (ALGN). During the week, the ALGN gained 7.31 points, or 4.45%, and closed at 171.41 on Thursday, April 17, 2025. Weekly volume was 23% above average.
 Long-term trend: [See ALGN long-term trend chart]
A long-term downtrend had started on September 23, 2021 at 737.45 and reached 141.70 on April 8, 2025. ALGN lost 595.75 points, or 80.79%, in 184 weeks. The chart has formed a Descending Triangle chart pattern. The trend support level is at 182.71 and resistance is at 146.55. A Descending Triangle is a variation of triangle formation that has a flat support line and falling resistance line. The lower highs indicate the decreasing demand and give the descending triangle definitive bearish bias. A Descending Triangle usually represents a distribution stage in bearish market. A Descending Triangle is considered to be a continuation pattern, especially in a down trend, but it may also mark a reversal in an uptrend. Use the following link to access a Descending Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Descending Triangle pattern in a long-term trend.
 Medium-term trend: [See ALGN medium-term trend chart]
A medium-term downtrend had started on September 18, 2024 at 262.87 and reached 141.70 on April 8, 2025. ALGN lost 121.17 points, or 46.10%, in 28 weeks. The chart has formed a Descending Triangle chart pattern. The downtrend support line (202.77) is broken. Usually a broken support is considered to be a long-term bearish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.
 Weekly Technical Indicators: [See ALGN weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.
The weekly MACD line is below its signal line since February 14, 2025. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
 Short-term trend: [See ALGN short-term trend chart]
A short-term downtrend had started on January 22, 2025 at 237.20 and reached 141.70 on April 8, 2025. ALGN lost 95.50 points, or 40.26%, in 76 days. The chart has formed a Falling Wedge chart pattern.
 Daily Technical Indicators: [See ALGN daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. Use the following link to access Williams' Percentage Range help.
The daily MACD line is above its signal line since April 8, 2025. The distance between MACD and the signal line is relatively high and getting bigger.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Health Care |
7 |
| Industry |
Health Care Supplies |
17 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Wedge |
| High |
237.20 |
| High Date |
01/22/2025 |
| Low |
141.70 |
| Low Date |
04/08/2025 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Descending Triangle |
| Status |
Broken Support |
| Resistance |
219.79 |
| Support |
202.77 |
| High |
262.87 |
| High Date |
09/18/2024 |
| Low |
141.70 |
| Low Date |
04/08/2025 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
335.40 |
| High Date |
03/21/2024 |
| Low |
141.70 |
| Low Date |
04/08/2025 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
413.20 |
| High Date |
07/27/2023 |
| Low |
141.70 |
| Low Date |
04/08/2025 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Descending Triangle |
| Status |
Valid |
| Resistance |
146.55 |
| Support |
182.71 |
| High |
737.45 |
| High Date |
09/23/2021 |
| Low |
141.70 |
| Low Date |
04/08/2025 |
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