We assign a technical rating of 9 out of 10 to LGND. 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.
LGND has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 194.40, a Stop Loss order could be placed below this zone.
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96.40
When analyzing the support we can see 5 important areas.
- A support zone ranging from 193.32 to 194.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 188.53 to 188.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 183.12 to 184.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @118.78 from a trend line in the weekly time frame.
- Support @97.37 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- Resistance @203.19 from a horizontal line in the weekly time frame.
- Resistance @209.30 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 LGND is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for LGND is up. |
| ChartMill Relative Strength | 93.07 | POSITIVE | LGND has a high relative strength, it outperformed 93.07% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of LGND is above a declining 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) | 54.27 | NEUTRAL | The RSI value for LGND is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.82 | POSITIVE | The MACD value suggests LGND has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.53 | NEUTRAL | The Stochastics value for LGND is a neutral value. |
| Average True Range in percent/ATR (20) | 3.19 | MEDIUM VOLATILITY | The ATR as a percentage value for LGND suggests some volalility. |
| Average Directional Index/ADX (14) | 17.05 | NEGATIVE | The low ADX value for LGND suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 203.20 | 193.31 | 9.89 (4.87%) | 20.55% |
| An entry @203.20. This is a Buy Stop order right above the resistance zone. | An exit @193.31. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 9.89 points, which is 4.87%. | When investing 20.55% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
197.14
-0.25 (-0.13%)
LIGAND PHARMACEUTICALS / LGND FAQ
What is the ChartMill technical rating of LIGAND PHARMACEUTICALS (LGND) stock?
ChartMill assigns a technical rating of 9 / 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 54.2674. 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 0.819483, indicating a bearish trend.
What is the support and resistance level for LGND stock?
LIGAND PHARMACEUTICALS (LGND) has a support level at 194.4 and a resistance level at 203.19. Check the full technical report for our detailed analysis of LGND support and resistance levels.