Taking everything into account, IONS scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, IONS is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, IONS did better than 96% of all other stocks. On top of that, IONS also shows a nice and consistent pattern of rising prices.
- IONS is part of the Biotechnology industry. There are 523 other stocks in this industry. IONS outperforms 89% of them.
- IONS is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month IONS has a been trading in the 74.20 - 86.74 range, which is quite wide. It is currently trading near the high of this range.
- IONS has an average volume of 2057270 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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. There is very little resistance above the current price. There is a support zone below the current price at 82.36, a Stop Loss order could be placed below this zone.
More info and screens
62.84
We found 4 important support areas.
- A support zone ranging from 80.87 to 82.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 79.32 to 79.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 76.33 to 77.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @63.47 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 | 96.69 | POSITIVE | IONS has a high relative strength, it outperformed 96.69% 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) | UP | POSITIVE | The current price of IONS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.73 | NEUTRAL | The RSI value for IONS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.27 | POSITIVE | The MACD value suggests IONS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.28 | OVERBOUGHT | The high Stochastics value suggests IONS may be overbought. |
| Average True Range in percent/ATR (20) | 3.01 | MEDIUM VOLATILITY | The ATR as a percentage value for IONS suggests some volalility. |
| Average Directional Index/ADX (14) | 21.32 | NEUTRAL | The ADX value for IONS suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 86.75 | 81.62 | 5.14 (5.92%) | 16.89% |
| An entry @86.75. This is a Buy Stop order right above the 10 day high. | An exit @81.61. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 5.14 points, which is 5.92%. | For a 1.00% total portfolio risk, you can invest 16.89% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
84.29
-0.5 (-0.59%)
IONIS PHARMACEUTICALS INC / IONS FAQ
What is the technical rating for IONS stock?
ChartMill assigns a technical rating of 10 / 10 to IONS.
What is the current trend direction of IONIS PHARMACEUTICALS INC (IONS) stock?
The current trend direction for IONIS PHARMACEUTICALS INC (IONS) is Bullish.
What is the RSI signal for IONS stock?
IONIS PHARMACEUTICALS INC (IONS) has an RSI value of 56.7282. This indicates that the stock is currently neutral.
What is the short term momentum for IONIS PHARMACEUTICALS INC (IONS) stock?
The short term momentum for IONIS PHARMACEUTICALS INC (IONS) is positive.
What is the buy/sell signal for IONS stock?
The buy/sell signal for IONIS PHARMACEUTICALS INC (IONS) is buy as both the short term and long term trends are positive.