LIGAND PHARMACEUTICALS (LGND) Technical Analysis
NASDAQ:LGND • US53220K5048
Current stock price
LGND Technical Rating and Analysis
Overall LGND gets a technical rating of 10 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- 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. On top of that, LGND also shows a nice and consistent pattern of rising prices.
- LGND is part of the Pharmaceuticals industry. There are 192 other stocks in this industry. LGND outperforms 81% of them.
- LGND 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 LGND is performing more or less in line with the market.
- In the last month LGND has a been trading in the 178.72 - 227.92 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
LGND Weekly and Daily overview Charts
LGND Setup Rating and Analysis
Besides having an excellent technical rating, LGND also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 197.85, a Stop Loss order could be placed below this zone.
More info and screens
LGND Support and Resistance Analysis
96.40
When analyzing the support we can see 6 important areas.
- A support zone ranging from 192.72 to 197.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 181.64 to 185.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @177.73 from a horizontal line in the daily time frame.
- Support @125.43 from a trend line in the weekly time frame.
- Support @121.50 from a trend line in the weekly time frame.
- Support @97.37 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @206.66 from a horizontal line in the weekly time frame.
LGND 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 | 92.76 | POSITIVE | LGND has a high relative strength, it outperformed 92.76% 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) | 51.78 | NEUTRAL | The RSI value for LGND is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests LGND has a negative trend. |
| Stochastics (14,3) | 39.46 | NEUTRAL | The Stochastics value for LGND is a neutral value. |
| Average True Range in percent/ATR (20) | 5.27 | HIGH VOLATILITY | The high ATR as a percentage value for LGND suggests high volalility. |
| Average Directional Index/ADX (14) | 12.04 | NEGATIVE | The low ADX value for LGND suggests a weak or negative trend. |
LGND Chart- and CandleStick Pattern Analysis
LGND Technicals: Chart, Performance Metrics, Trend & Indicators
204.81
-5.68 (-2.7%)
LIGAND PHARMACEUTICALS / LGND TA FAQ
What is the ChartMill technical rating of LIGAND PHARMACEUTICALS (LGND) stock?
ChartMill assigns a technical rating of 10 / 10 to LGND.
What is the current trend direction of LIGAND PHARMACEUTICALS (LGND) stock?
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 51.7789. This indicates that the stock is currently neutral.
What is the short term momentum for LIGAND PHARMACEUTICALS (LGND) stock?
The short term momentum for LIGAND PHARMACEUTICALS (LGND) is positive.
What is the buy/sell signal for LIGAND PHARMACEUTICALS (LGND) stock?
The buy/sell signal for LIGAND PHARMACEUTICALS (LGND) is buy as both the short term and long term trends are positive.