Trading (ALGN) With Integrated Risk Controls

December 12, 2024, 15:42 pm ET, BY Rick O.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for ALGN

• Buy ALGN near 219.65 target 251.35 stop loss @ 219.02 Details

The technical summary data tells us to buy ALGN near 219.65 with an upside target of 251.35. This data also tells us to set a stop loss @ 219.02 to protect against excessive loss in case the stock begins to move against the trade. 219.65 is the first level of support below 236.365 , and by rule, any test of support is a buy signal. In this case, support 219.65 is being tested, a buy signal would exist.

• Short ALGN slightly under 251.35, target 219.65, stop loss @ 252.08 Details

The technical summary data is suggesting a short of ALGN as it gets near 251.35 with a downside target of 219.65. We should have a stop loss in place at 252.08though. 251.35 is the first level of resistance above 236.365, and by rule, any test of resistance is a short signal. In this case, if resistance 251.35 is being tested, a short signal would exist.

Swing Trading Plans for ALGN

• Buy ALGN slightly over 242, target 251.35, Stop Loss @ 241.3 Details

If 242 begins to break higher, the technical summary data tells us to buy ALGN just slightly over 242, with an upside target of 251.35. The data also tells us to set a stop loss @ 241.3 in case the stock turns against the trade. 242 is the first level of resistance above 236.365, and by rule, any break above resistance is a buy signal. In this case, 242, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short ALGN slightly near 242, target 233.02, Stop Loss @ 242.7. Details

The technical summary data is suggesting a short of ALGN if it tests 242 with a downside target of 233.02. We should have a stop loss in place at 242.7 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 242, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for ALGN

• Buy ALGN slightly over 238.81, target 242, Stop Loss @ 238.25 Details

If 238.81 begins to break higher, the technical summary data tells us to buy ALGN just slightly over 238.81, with an upside target of 242. The data also tells us to set a stop loss @ 238.25 in case the stock turns against the trade. 238.81 is the first level of resistance above 236.365, and by rule, any break above resistance is a buy signal. In this case, 238.81, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short ALGN slightly near 238.81, target 233.02, Stop Loss @ 239.37. Details

The technical summary data is suggesting a short of ALGN if it tests 238.81 with a downside target of 233.02. We should have a stop loss in place at 239.37 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 238.81, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Align Technology Inc. (ALGN) available here: ALGN.

ALGN Ratings for December 12:

Term →	Near	Mid	Long
Rating	Strong	Strong	Weak
P1	0	0	188.82
P2	238.81	233.02	219.65
P3	244.5	242	251.35

AI Generated Signals for ALGN

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