IONIS PHARMACEUTICALS INC (IONS) Stock Technical Analysis
NASDAQ:IONS - Nasdaq - US4622221004 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to IONS. Recently some decent action could be observed, but in the medium term time frame this is still negative. IONS was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, IONS is a bad performer in the overall market: 65% of all stocks are doing better.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
IONS is part of the Biotechnology industry. There are 558 other stocks in this industry. IONS outperforms 73% of them.
In the last month IONS has a been trading in the 31.66 - 34.71 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
IONS has an average volume of 1702670 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
IONS is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so IONS is lagging the market slightly.
Although the technical rating is only medium, IONS does present a nice setup opportunity. Prices have been consolidating lately. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
31.81
48.65
When analyzing the support we can see 2 important areas.
- A support zone ranging from 32.97 to 33.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 32.13 to 32.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 33.57 to 33.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 34.48 to 34.97. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @48.17 from a trend line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for IONS is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IONS is up. |
| ChartMill Relative Strength | 35.47 | NEUTRAL | IONS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IONS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IONS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of IONS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.8 | NEUTRAL | The RSI value for IONS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests IONS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 44.95 | NEUTRAL | The Stochastics value for IONS is a neutral value. |
| Average True Range in percent/ATR (20) | 3.72 | MEDIUM VOLATILITY | The ATR as a percentage value for IONS suggests some volalility. |
| Average Directional Index/ADX (14) | 18.46 | NEGATIVE | The low ADX value for IONS suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
33.51
+0.05 (+0.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0.15%
1 Week0.75%
2 Weeks1.58%
1 Month5.68%
3 Month0.96%
6 Month-6.21%
12 Month-10.81%
2 Year-18.07%
3 Year-8.24%
5 Year-40.38%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.12
ATR(20)%3.72%
ATR Inc35.97%
Range Today1.33
ADR(20)1.2
ADR(20)%3.57%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS35.47
Mansfield-1.42
10 Day High34.71
10 Day Low32
20 Day High34.71
20 Day Low31.66
52 Week High52.34
52 Week Low23.95
CS1 End33.45
CR1 Start33.57
Volume & EV
DER(3)-4.3%
DER(5)-3.19%
Volume1.65M
Volume Incr26.22%
Vol(5)1.88M
Vol(50)1.70M