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Asset Summary

Daily Performance Report for ALGN ETF: Dec 24, 2024

Summary: The day started with ALGN ETF opening at $207.93 and closing at $210.22. The ETF showed resilience throughout the day, with the highest price observed at $212.37 and the lowest at $207.43. The underlying asset had a trading range of $4.94 Overall, it was a positive trading day for ALGN ETF, reflecting investor optimism and market activity.

Change in Closing Price: There was a net increase of $2.29 or 1.10% in the closing price from the opening to the closing price over the day.

Volume Analysis: Trading volume for ALGN ETF was 166,929 units during Dec 24, 2024, indicating active market participation and investor interest.

Opening Price: The day started at $207.93.

Highest Price: The highest price observed during the day was $212.37.

Lowest Price: The lowest price observed during the day was $207.43.

Closing Price: The day ended at $210.22.

Asset Performance Metrics and Risk Characteristics:

Understanding asset performance is crucial for evaluating investment quality and making informed decisions. Metrics like trailing return and drawdown provide insights into how an asset has performed over time, its volatility, and the efficiency of its returns relative to risk. Performance indicators help assess the stability, risk, and reward of an investment, allowing investors and portfolio managers to make comparisons and strategize accordingly.

Asset Technical Analysis

Technical analysis involves evaluating an asset's price and volume data to forecast future movements and make informed trading decisions. By using various technical indicators and chart patterns, investors can gain insights into market trends, price momentum, and potential turning points. This section delves into essential technical metrics, including moving averages, pivot points, and other indicators that provide a snapshot of an asset's current technical stance. Analyzing these indicators helps investors identify entry and exit points, assess market sentiment, and refine their trading strategies. Explore the following technical analysis data to understand the asset's performance dynamics and make better-informed decisions.

Moving Averages

Moving Averages are commonly used to smooth out price data and identify trends over a specific period. Here’s a summary of the latest moving averages for various periods:

  • SMA (Simple Moving Average): Reflects the average price over a specific number of periods.
  • EMA (Exponential Moving Average): Gives more weight to recent prices, making it more responsive to new information.
  • WMA (Weighted Moving Average): Assigns a weight to each price, emphasizing more recent prices.
  • WEMA (Weighted Exponential Moving Average): Combines elements of both WMA and EMA for a more responsive moving average.

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Frequently Asked Questions

Historically, ALGN has shown strong growth driven by increasing demand for clear aligners and its successful market penetration in the orthodontic field.

Align Technology focuses on expanding its product offerings and enhancing customer engagement through digital solutions, aiming to reach both orthodontists and general dentists.

Similar companies include Ormco Corporation and Dentsply Sirona, which also provide orthodontic and dental solutions.

Align Technology typically releases earnings reports quarterly, providing updates on its financial performance and business strategies.

Align Technology is managed by a team of professionals focused on developing orthodontic solutions that improve patient experiences and treatment outcomes.

Align Technology regularly evaluates opportunities for new product development and expansion, often introducing innovations to enhance treatment efficiency and patient comfort.

Yes, shares of ALGN can be held in retirement accounts such as IRAs or 401(k)s, making it a potential investment option for long-term planning.

Key performance metrics for ALGN include revenue growth, gross margin, operating income, and earnings per share (EPS).

Yes, risks include market competition, regulatory changes, and potential shifts in consumer preferences towards dental treatments.

Align Technology invests significantly in research and development to create new products and improve existing technologies for better patient care.

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