IONIS PHARMACEUTICALS INC (IONS) Stock Technical Analysis
NASDAQ:IONS - US4622221004 - Common Stock
59.35 USD
-1.14 (-1.88%)
59.5 USD
+0.15 (+0.25%)
We assign a technical rating of 9 out of 10 to IONS. Both in the recent history as in the last year, IONS has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
IONS is one of the better performing stocks in the Biotechnology industry, it outperforms 84% of 542 stocks in the same industry.
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 40.03 - 62.08 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
IONS has an average volume of 2485170 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 90% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although IONS has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
40.76
59.94
2 important support areas can be observed.
- A support zone ranging from 43.02 to 43.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @41.17 from a horizontal line in the daily 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 | 90.88 | POSITIVE | IONS has a high relative strength, it outperformed 90.88% 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) | 82 | OVERBOUGHT | The high RSI value suggests IONS may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.89 | POSITIVE | The MACD value suggests IONS has a positive trend. |
| Stochastics (14,3) | 92.06 | OVERBOUGHT | The high Stochastics value suggests IONS may be overbought. |
| Average True Range in percent/ATR (20) | 3.57 | MEDIUM VOLATILITY | The ATR as a percentage value for IONS suggests some volalility. |
| Average Directional Index/ADX (14) | 35.91 | 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)
59.35
-1.14 (-1.88%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-1.88%
1 Week38.83%
2 Weeks38.64%
1 Month45.86%
3 Month68.18%
6 Month75.54%
12 Month26.57%
2 Year30.84%
3 Year34.18%
5 Year25.08%
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.53
ATR(20)%3.57%
ATR Inc43.39%
Range Today1.91
ADR(20)1.73
ADR(20)%2.92%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.88
Mansfield4.83
10 Day High62.08
10 Day Low41.71
20 Day High62.08
20 Day Low40.03
52 Week High62.08
52 Week Low23.95
CS1 End43.25
CR1 StartN/A
Volume & EV
DER(3)4.1%
DER(5)3.62%
Volume3.91M
Volume Incr205.62%
Vol(5)6.59M
Vol(50)2.49M