LGND Technical Analysis - LIGAND PHARMACEUTICALS

Technical Rating and Analysis

We assign a technical rating of 10 out of 10 to LGND. Both in the recent history as in the last year, LGND 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!

Looking at the yearly performance, LGND did better than 93% of all other stocks.

LGND is one of the better performing stocks in the Pharmaceuticals industry, it outperforms 86% of 195 stocks in the same industry.

LGND 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 LGND has a been trading in the 161.82 - 186.40 range, which is quite wide. It is currently trading near the high of this range.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

LIGAND PHARMACEUTICALS / LGND Weekly stock chart

LIGAND PHARMACEUTICALS / LGND Daily stock chart

Setup Rating and Analysis

Although LGND has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

96.40

186.35

3 important support areas can be observed.

A support zone ranging from 163.14 to 165.40. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Support @112.68 from a trend line in the weekly time frame.
Support @97.37 from a horizontal line in the weekly time frame.

We found 1 important resistance area.

Resistance @184.50 from a horizontal line in the daily time frame.

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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	UP	POSITIVE	The long term trend for LGND is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for LGND is up.
ChartMill Relative Strength	93.27	POSITIVE	LGND has a high relative strength, it outperformed 93.27% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of LGND is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of LGND is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of LGND is above the rising SMA(200).
Relative Strength Index/RSI (14)	60.49	NEUTRAL	The RSI value for LGND is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.04	NEGATIVE	The MACD value suggests LGND has a negative trend.
Stochastics (14,3)	78.71	NEUTRAL	The Stochastics value for LGND is a neutral value.
Average True Range in percent/ATR (20)	2.78	MEDIUM VOLATILITY	The ATR as a percentage value for LGND suggests some volalility.
Average Directional Index/ADX (14)	37.14	POSITIVE	The high ADX value value for LGND suggests a strong trend.