LIGAND PHARMACEUTICALS (LGND) Stock Technical Analysis
NASDAQ:LGND - US53220K5048 - Common Stock
161.71 USD
+1.75 (+1.09%)
161.71 USD
0 (0%)
Overall LGND gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, LGND is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
LGND is one of the better performing stocks in the Pharmaceuticals industry, it outperforms 81% of 193 stocks in the same industry.
LGND is currently making a new 52 week high. This is a strong signal. 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 131.67 - 163.34 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that LGND is one of the better performing stocks in the market, outperforming 92% of all stocks. However, this relatively good performance is mostly due to a recent big move.
Considerably lower volume is observed in the last couple of days.
LGND has an excellent technical rating, but the quality of the setup is only medium 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.
More info and screens
96.40
163.33
When analyzing the support we can see 4 important areas.
- A support zone ranging from 151.07 to 152.41. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 135.15 to 136.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 110.48 to 111.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @97.37 from a horizontal 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 LGND is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for LGND is up. |
| ChartMill Relative Strength | 92.9 | POSITIVE | LGND has a high relative strength, it outperformed 92.9% 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) | 72.86 | OVERBOUGHT | The high RSI value suggests LGND may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests LGND has a negative trend. |
| Stochastics (14,3) | 89.76 | OVERBOUGHT | The high Stochastics value suggests LGND may be overbought. |
| Average True Range in percent/ATR (20) | 3.34 | MEDIUM VOLATILITY | The ATR as a percentage value for LGND suggests some volalility. |
| Average Directional Index/ADX (14) | 43.45 | POSITIVE | The high ADX value value for LGND 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)
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 |
|---|---|---|---|
| 163.35 | 149.50 | 13.85 (8.48%) | 11.79% |
| An entry @163.35. This is a Buy Stop order right above the 10 day high. | An exit @149.50. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 13.85 points, which is 8.48%. | For a 1.00% total portfolio risk, you can invest 11.79% 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.
161.71
+1.75 (+1.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg1.09%
1 Week1.65%
2 Weeks7.04%
1 Month21.84%
3 Month58.24%
6 Month32.3%
12 Month52.85%
2 Year145.87%
3 Year75.03%
5 Year58.54%
10 Year75.89%
15 Year11052.4%
Volatility
ATR(14)4.23
ATR(20)%3.34%
ATR Inc-40.03%
Range Today3.29
ADR(20)5.15
ADR(20)%3.19%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.9
Mansfield2.83
10 Day High163.34
10 Day Low149.51
20 Day High163.34
20 Day Low131.67
52 Week High163.34
52 Week Low93.58
CS1 End152.41
CR1 StartN/A
Volume & EV
DER(3)0.52%
DER(5)0.76%
Volume147.00K
Volume Incr-58.21%
Vol(5)132.10K
Vol(50)231.47K