Will Align Technology, Inc. (NASDAQ:ALGN) Grow 27.50% This Year? Analysts Think So

Align Technology, Inc. (NASDAQ:ALGN)’s EPS growth this year is 27.50% and the trailing 12-month EPS is $5.21. Covering sell-side analysts are estimating company growth for next year to be 19.88%. On a consensus basis, analysts have given a recommendation of 2 on company shares.

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Since the start of the calendar year, Align Technology, Inc. (NASDAQ:ALGN)’s stock has changed 20.47%. Over the last five trading sessions, the stock has moved 1.13%. For the past month, Align Technology, Inc.’s stock has been 40.36%, 26.54% for the last quarter, -23.80% for the past six months and 13.13% for the past 52 weeks.

Based on current stock levels, Align Technology, Inc. shares are trading -2.07% off of the 50-day high and 48.55% away from the 50-day low.

Disclaimer: The views, opinions, and information expressed in this article are those of the authors and do not necessarily reflect the official policy or position of any company stakeholders, financial professionals, or analysts. Examples of analysis performed within this article are only examples.

When focusing on technical stock analysis, traders and investors may choose to study the ATR or Average True Range. The present 14-day ATR for Align Technology, Inc. (NASDAQ:ALGN) is currently standing at 8.65. The ATR basically measures the volatility of a stock on a day-to-day basis. The average true range is typically based on 14 periods and may be calculated daily, weekly, monthly, or intraday. The ATR is not considered a directional indicator, but it may reflect the strength of a particular move.

Currently, the 14-day ADX for Align Technology, Inc. (NASDAQ:ALGN) is sitting at 44.44. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A value of 25-50 would support a strong trend. A value of 50-75 would identify a very strong trend, and a value of 75-100 would lead to an extremely strong trend. ADX is used to gauge trend strength but not trend direction. Traders often add the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to identify the direction of a trend.

Checking in on some other technical levels, the 14-day RSI is currently at 77.29, the 7-day stands at 78.67, and the 3-day is sitting at 70.22. Many investors look to the Relative Strength Index (RSI) reading of a particular stock to help identify overbought/oversold conditions. The RSI was developed by J. Welles Wilder in the late 1970’s. Wilder laid out the foundation for future technical analysts to further investigate the RSI and its relationship to underlying price movements. Since its inception, RSI has remained very popular with traders and investors. Other technical analysts have built upon the work of Wilder. The 14-day RSI is still a widely popular choice among technical stock analysts.

Investors may be watching other technical indicators such as the Williams Percent Range or Williams %R. The Williams %R is a momentum indicator that helps measure oversold and overbought levels. This indicator compares the closing price of a stock in relation to the highs and lows over a certain time period. A common look back period is 14 days. Align Technology, Inc. (NASDAQ:ALGN)’s Williams %R presently stands at -9.23. The Williams %R oscillates in a range from 0 to -100. A reading between 0 and -20 would indicate an overbought situation. A reading from -80 to -100 would indicate an oversold situation.

Taking a closer look from a technical standpoint, Align Technology, Inc. (NASDAQ:ALGN) presently has a 14-day Commodity Channel Index (CCI) of 84. Typically, the CCI oscillates above and below a zero line. Normal oscillations tend to stay in the range of -100 to +100. A CCI reading of +100 may represent overbought conditions, while readings near -100 may indicate oversold territory. Although the CCI indicator was developed for commodities, it has become a popular tool for equity evaluation as well.

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