IONIS PHARMACEUTICALS INC (IONS) Stock Technical Analysis
NASDAQ:IONS - Nasdaq - US4622221004 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to IONS. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, IONS is only an average performer.
The long and short term trends are both positive. This is looking good!
IONS is part of the Biotechnology industry. There are 560 other stocks in this industry. IONS outperforms 71% of them.
IONS is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
IONS has an average volume of 1743830 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that IONS is one of the better performing stocks in the market, outperforming 75% of all stocks. However, this relatively good performance is mostly due to a recent big move.
IONS is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so IONS is lagging the market.
Besides having an excellent technical rating, IONS also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
38.15
48.20
2 important support areas can be observed.
- A support zone ranging from 39.50 to 39.50. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @38.54 from a trend line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 43.01 to 43.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @47.72 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 | UP | POSITIVE | The long term trend for IONS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IONS is up. |
| ChartMill Relative Strength | 75.48 | POSITIVE | IONS has a high relative strength, it outperformed 75.48% off all stocks 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 | MIXED | The current price of IONS is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 63.93 | NEUTRAL | The RSI value for IONS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests IONS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.3 | OVERBOUGHT | The high Stochastics value suggests IONS may be overbought. |
| Average True Range in percent/ATR (20) | 3.17 | MEDIUM VOLATILITY | The ATR as a percentage value for IONS suggests some volalility. |
| Average Directional Index/ADX (14) | 43.25 | POSITIVE | The high ADX value value for IONS suggests a strong 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)
41.73
-0.65 (-1.53%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-1.53%
1 Week-2.95%
2 Weeks4.9%
1 Month15.31%
3 Month49.57%
6 Month24.72%
12 Month-13.06%
2 Year0.72%
3 Year11.1%
5 Year-27.5%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.42
ATR(20)%3.17%
ATR Inc-24.38%
Range Today0.74
ADR(20)1.28
ADR(20)%3.07%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.48
Mansfield0.4
10 Day High43.71
10 Day Low39.37
20 Day High43.71
20 Day Low34.78
52 Week High52.34
52 Week Low23.95
CS1 End39.5
CR1 Start43.01
Volume & EV
DER(3)2.29%
DER(5)0.41%
Volume1.55M
Volume Incr-5.95%
Vol(5)1.84M
Vol(50)1.74M