Energy Building: ALGN Consolidates Tightly at $141.03
Shares of Align Technology Inc (ALGN) rose 0.83% to $141.03 on October 9.
The technical picture is mixed:
Moving Averages
The stock trades below its 9-day EMA ($142.90) with the 21-day ($146.89) acting as overhead resistance.
Momentum
RSI at 35.6 is showing no strong directional bias. MACD is bullish (-4.63 vs signal -4.64).
Volatility
A 6-day TTM Squeeze suggests volatility is coiled and a breakout may be imminent.
Despite the bearish EMA structure, bullish MACD divergence suggests patient buyers may find opportunity near $138.68.
Technical levels: $138.68 support, $153.90 resistance.
