Align technology, inc.
ALGN Swing Trading Score
- AI analysis rates ALGN with a higher swing trading score of 4.
- It is mainly due to the positive AI swing signal, the relatively low short-term volatility,along with the relatively low stock price.
- Furthermore, based on historical backtesting, when entering with a swing trading score of 4 and exiting with a score of 1, resulted in 32 trades with a 43.75% win rate and an average profit/loss of 23.11%.
ALGN Historical Swing Trading Score
You can use historical scores of 3 or above to observe potential performance and make investment decisions.
ALGN Swing Trading Strategy Backtest
The following backtest is based on specified rules since 2007. Price chart shows buy/sell time, cumulative returns, and backtesting statistics.
The Backtest Result of ALGN from 2007/01 till Now
- Cumulative Return
- Annual Return
- Sharpe Ratio
Statistics data for entering at or above a Swing Trading score of 4 and exiting at or below a Swing Trading score of 2 from January, 2007 to November, 2023. (Total Trades: 88)
|ALGN||Sector||US Overall Market|
|Avg Risk-Reward Ratio||252.8%||202.6%||235.8%|
Update to 2023/11/28 (Monthly Update)