IONIS PHARMACEUTICALS INC (IONS) Technical Analysis
NASDAQ:IONS • US4622221004
Current stock price
IONS Technical Rating and Analysis
Overall IONS gets a technical rating of 4 out of 10. Although IONS is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- In the last month IONS has a been trading in the 70.42 - 85.47 range, which is quite wide. It is currently trading near the lows of this range.
- Looking at the yearly performance, IONS did better than 93% of all other stocks. We also observe that the gains produced by IONS over the past year are nicely spread over this period.
- IONS is part of the Biotechnology industry. There are 517 other stocks in this industry. IONS outperforms 80% of them.
- IONS is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so IONS is performing more or less in line with the market.
- IONS has an average volume of 2339970 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
IONS Weekly and Daily overview Charts
IONS Setup Rating and Analysis
Although the technical rating is only medium, IONS does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 75.66. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 70.98, a Stop Loss order could be placed below this zone.
More info and screens
IONS Support and Resistance Analysis
66.83
We found 2 important support areas.
- A support zone ranging from 70.98 to 70.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @67.51 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 75.66 to 76.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @86.50 from a horizontal line in the daily time frame.
IONS Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The short term trend for IONS is down. |
| ChartMill Relative Strength | 93.88 | POSITIVE | IONS has a high relative strength, it outperformed 93.88% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of IONS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of IONS is below a declining 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) | 31.4 | NEUTRAL | The RSI value for IONS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.49 | NEGATIVE | The MACD value suggests IONS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 7.54 | OVERSOLD | The low Stochastics value suggests IONS may be oversold. |
| Average True Range in percent/ATR (20) | 3.66 | MEDIUM VOLATILITY | The ATR as a percentage value for IONS suggests some volalility. |
| Average Directional Index/ADX (14) | 35.55 | POSITIVE | The high ADX value value for IONS suggests a strong trend. |
IONS Chart- and CandleStick Pattern Analysis
IONS Technicals: Chart, Performance Metrics, Trend & Indicators
70.99
-0.33 (-0.46%)
IONIS PHARMACEUTICALS INC / IONS TA FAQ
What is the technical rating for IONS stock?
ChartMill assigns a technical rating of 4 / 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 Bearish.
What is the RSI signal for IONS stock?
IONIS PHARMACEUTICALS INC (IONS) has an RSI value of 31.4037. 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 negative.