$ALGN with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $ALGN after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 88.89%.
ALGN trade ideas
$ALGN - Align Technologies Inc Perfectly Aligned With EWPIf ever there was a textbook example of a 5 wave impulse, this is it.
The beauty of the EWP is that one can use it for macro and micro forecasting.
Here, i look at the monthly chart of ALGN and one can see since listing, a textbook 5 wave advance from the 2002 low to the peak in 2022, make that a 20 year bull market.
What is even more interesting is that the big corrections for wave II and wave IV coincide with the 2008 Global Financial Crisis and the sell-off from the Covid-19 pandemic.
The share is currently trading 64% below its all time highs. Though this is a significant discount, the share can still go lower but the long-term cyclical prospects look very good.
ALGN, We need more correctionHello guys
According to the chart you can see the price is moving downward trend and it has need more correction to have good R/r then we have permission to take short position until the target.
You should take signal at first then dont forget use stop loss and observe to your capital management.
Take a look on volume guys dont forget to check it, And dont forget to risk free and manage your position.
Everything is shown on chart, If you have question send us messages
Good Luck
Abtin
ALGN Failed Breakout Back into Falling WedgeALGN is another pandemic darling that has been struggling lately. Since topping out it has setup a descending channel which led to a recent breakout and failed backtest taking it back into the channel. Mid-500s should be on deck unless declining volume is suggesting a trend change maybe after it kisses the channel bottom.
Align back in upward regression ChannelHello,
as suggested in my former analysis of align I'm watching $650 level.
It looks like align crushed $650 and is now back in upward regression Channel. You might want to wait for confirmation or enter the trade immediately.
TP: ~$770 or +17%
Stop loss: ~$610 or -6%
Risk Reward ratio: 2.9:1
This is not financial advice.
Align Technology, are the Bulls on their way?Company: ALGN Align Technology, Inc.
Description: Align Technology, Inc., a medical device company, designs, manufactures, and markets Invisalign clear aligners and iTero intraoral scanners and services for orthodontists and general practitioner dentists, and restorative and aesthetic dentistry. It operates in two segments, Clear Aligner: and Scanners and Services.
Why this Stock?
Algin’s valuation isn't near its peak levels reached in previous years.
More importantly, the company is only scratching the surface of its opportunity in the clear aligner market. Align currently has a market share of only 11%. Its market share for teens is even lower at 5%.
The company has a clear strategy to gain more of that addressable market. Align continues to aggressively market its Invisalign aligners with a primary focus to reach teens through digital media. It's also investing in development to expand the types of orthodontic cases where its clear aligners can be used.
Its main competitor SmileDirectClub has profitability problems that aren't getting better and competitive threats to the company's flawed business model are easy to see.
While Align Technology blocks SmileDirectClub's path to growth by selling aligners to people with access to general dentistry, Dentsply Sirona is coming after SmileDirectClub's traditional customers. The service Dentsply Sirona acquired at the end of 2020 sells a low-cost option that employs professional dentists at a distance, so customers don't actually need to visit a dentist in person. It doesn't look like SmileDirectClub can win a pricing war with either of its big competitors. Dentsply Sirona's new subsidiary Byte sells aligners starting at just $1,895 per set.
That's just a hair above the average sales price of $1,885 that SmileDirectClub reported in the second quarter. Align Technology's average selling price to bricks-and-mortar dentists is around $1,050 for sets of relatively simple aligners.
Dentsply Sirona is a very profitable company that can afford to sell clear aligners at a loss until SmileDirectClub implodes -- and it might not take very long.
SmileDirectClub finished June with just $$377 million after losing $151 million in the first half of the year. Another year of heavy losses is probably more than its shareholders can handle before they run for the exits.
Below is what institutions are setting as their targets for ALGN stock price over the coming years.
With a clear buy sentiment being shown from the investment banks and institutions this is another confirmation that thus stock is set to see growth over the long term. Looking ahead we see price is poised to reverse to the upside based on good Q3 results, expecting for the recent upward momentum to be continued, with our first target set at $732.00.
Align Technology (ALGN) Risk Checks:
Fail Have profit margins improved over the past year?
Profit margins (20.1%) are lower than last year (78.7%)
Fail Has there been substantial insider selling in the past 3 months?
Significant insider selling over the past 3 months
Pass Are they forecast to achieve profitability?
The company is currently profitable
Pass Are revenue and earnings forecast to grow?
Earnings are forecast to grow by an average of 23% per year for the next 3 years
Pass Are they in a good financial position?
They are debt free
Pass Is their share price liquid and stable?
Share price has been stable over the past 3 months
Pass Do they have high quality earnings?
The company’s earnings are high quality
Pass Do they have sufficient financial data available?
They have sufficient analyst coverage
Pass Are there any concerning recent events?
No concerning events detected
Pass Have shareholders been diluted over the past year?
Shareholders have not been meaningfully diluted in the past year or recently listed
Pass Do they have meaningful levels of revenue?
Revenue is meaningful ($3B)
Pass Do they have a meaningful market capitalization?
Market cap is meaningful ($47B)
Pass Do they have negative shareholders equity?
ALGN does not have negative shareholders equity.
Align level to watch 650$Hey,
NASDAQ:ALGN left the ascending Wedge to the downside and formed support at 580$.
Today it started an impulsive move upwards. I expect it to hit the lower border of the wedge at 650$.
This ist the level to watch. If it can defeat the resistance you might want to go long above 650$.
If it bounces off the support in northern direction you might wanna buy puts.
This is not financial advice.
ALGN - Holding PEGGood RS day and RS rating. Volume has dried up on reversal days and we closed in the top 75%+ of the overall trading range for the day. This could be a start of a strong move upward as this is currently moving sideway but has made higher lows and higher highs. The 65MA is starting to curl upwards and would like the stock to hold the 23EMA.
Entry Point: on breakout on higher than average volume around $695 area
Stop Loss: I would hold this near the 23EMA as if this stock break well below that line then the thesis is broken.
Bullish Triangle in Align TechnologyAlign Technology has trended steadily higher for years. Now, it may be poised for a continuation to the upside after 4-1/2 months of consolidation.
The main pattern on ALGN’s chart is the ascending triangle with a top around $610. A breakout through that resistance zone could bring fence-sitters off the sidelines.
Second, notice the bullish price action around quarterly results. It gapped higher on February 4 and tried to do the same on April 29. Momentum was slowing the second time, but now it’s had some time to pause and squeeze into a tighter range.
Another potentially bullish event is the cross of the 8-day exponential moving average (EMA) above the 21-day EMA earlier in June. Notice how price also found support at the 50-day simple moving average (SMA) around the same time.
Finally, consider medical-technology peers like Edward Lifesciences , Intuitive Surgical and Danaher . They’ve quietly broken out this month following strong results last quarter. The group seems to be under accumulation, which could place ALGN next on the list for new highs.
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A good opportunity in a situation of light overboughtMy advisor Marketmiracle gave an input signal for the stock ALIGN TECHNOLOGY $ALGN at a price of 588.09 usd with a target of 634.1391 with a possible profit of 7.83%
According to the chart the stock seems to actually want to continue to rise despite the laggera situation of over-bought, the rest less than a month ago has delivered excellent results with a surprise of 23% compared to the estimates of analysts.
Moreover according to some sites of fundamental analysis to which I refer the price of the Stock seems to be underestimated of approximately 7% regarding the just value.
All this makes me think that with good odds the title will rise, in the next week as soon as I have liquidity I will take positions.
This idea is based on a signal generated by the advisor Marketmiracle, down on this page you will find the link to the page of signals of the advisor that you can see for free without any cost or registration
