ALGN Swing Trading Score

3

24

15

Strong Bullish
  • AI analysis rates ALGN with  a higher swing trading score of 4.
  • It is mainly due to  the positive AI swing signal,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 29 trades with a 48.28% win rate and an average profit/loss of 23.83%.

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.

Entry
Exit

The Backtest Result of ALGN from 2007/01 till Now

2275.62%
Cumulative Return
19.85%
Annual Return
38.87%
Volatility
0.51
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 July, 2024. (Total Trades: 117)

ALGNSectorUS Overall Market
Wining Rate55%39%43%
Avg Return4%2.5%2.3%
Avg Profit13.5%21.6%14.9%
Avg Loss-7.4%-10%-7.3%
Avg Risk-Reward Ratio182.4%215.3%203%

Update to 2024/7/13 (Daily Update)

Top 10 High Relevance to ALGN Swing Trading Score