LIGAND PHARMACEUTICALS (LGND) Stock Technical Analysis
USA - NASDAQ:LGND - US53220K5048 - Common Stock
Taking everything into account, LGND scores 10 out of 10 in our technical rating. 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.
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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96.40
4 important support areas can be observed.
- A support zone ranging from 188.06 to 192.35. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @184.51 from a horizontal line in the daily time frame.
- Support @114.90 from a trend line in the weekly time frame.
- 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 | 93.09 | POSITIVE | LGND has a high relative strength, it outperformed 93.09% 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) | 68.84 | NEUTRAL | The RSI value for LGND is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.08 | POSITIVE | The MACD value suggests LGND has a positive trend. |
| Stochastics (14,3) | 77.94 | NEUTRAL | The Stochastics value for LGND is a neutral value. |
| Average True Range in percent/ATR (20) | 3.4 | MEDIUM VOLATILITY | The ATR as a percentage value for LGND suggests some volalility. |
| Average Directional Index/ADX (14) | 34.67 | POSITIVE | The high ADX value value for LGND suggests a strong trend. |
202.48
-5.74 (-2.76%)
LIGAND PHARMACEUTICALS / LGND FAQ
What is the ChartMill technical rating of LIGAND PHARMACEUTICALS (LGND) stock?
ChartMill assigns a technical rating of 10 / 10 to LGND.
Can you provide the trend direction for LIGAND PHARMACEUTICALS?
The current trend direction for LIGAND PHARMACEUTICALS (LGND) is Bullish.
What is the RSI signal for LIGAND PHARMACEUTICALS (LGND) stock?
LIGAND PHARMACEUTICALS (LGND) has an RSI value of 68.8423. This indicates that the stock is currently neutral.
Can you provide the MACD signal for LIGAND PHARMACEUTICALS?
The MACD indicator for LIGAND PHARMACEUTICALS (LGND) has a value of 1.07875, indicating a bullish trend.
What is the support and resistance level for LGND stock?
LIGAND PHARMACEUTICALS (LGND) has a support level at 192.35. Check the full technical report for our detailed analysis of LGND support and resistance levels.