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Downtrend Broken Resist.Archive
- 10/23/2026 -
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Align Technology Inc. (ALGN) Technical Analysis
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| Summary:
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| | It was a second positive week after 5 consecutive negative weeks for the Align Technology Inc. (ALGN). During the week, the ALGN gained 7.20 points, or 4.89%, and closed at 154.51 on Friday, October 23, 2026. It was the best weekly gain since August 14, 2026. Weekly volume was -17% below average.
ALGN is a member of Health Care Sector. Health Care is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See ALGN long-term trend chart]
A long-term uptrend had started on September 25, 2025 at 122.00 and reached 200.44 on April 21, 2026. ALGN gained -78.44 points, or -64.30%, in 29 weeks. The price is now at the 58.55% retracement level.
 Medium-term trend: [See ALGN medium-term trend chart]
A medium-term downtrend had started on April 21, 2026 at 200.44 and reached 138.05 on October 8, 2026. ALGN lost 62.39 points, or 31.13%, in 24 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 135.17 and resistance is at 179.15. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern 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 July 17, 2026. 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 July 7, 2026 at 190.97 and reached 138.05 on October 8, 2026. ALGN lost 52.92 points, or 27.71%, in 93 days. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 131.93 and resistance is at 166.85. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a short-term trend.
 Daily Technical Indicators: [See ALGN daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Use the following link to access Williams' Percentage Range help.
The daily MACD line is above its signal line since October 7, 2026. The distance between MACD and the signal line is relatively high and getting bigger.
During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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