LIGAND PHARMACEUTICALS (LGND) Stock Technical Analysis
USA - NASDAQ:LGND - US53220K5048 - Common Stock
166.51 USD
-3.32 (-1.95%)
166.51 USD
0 (0%)
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 91% of all other stocks.
LGND is one of the better performing stocks in the Pharmaceuticals industry, it outperforms 84% of 197 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 156.91 - 170.78 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days.
Besides having an excellent technical rating, LGND also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 166.35, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
96.40
171.54
When analyzing the support we can see 3 important areas.
- A support zone ranging from 164.34 to 166.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @112.39 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 @169.84 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 | 91.47 | POSITIVE | LGND has a high relative strength, it outperformed 91.47% 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) | 63.5 | NEUTRAL | The RSI value for LGND is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.87 | NEGATIVE | The MACD value suggests LGND has a negative trend. |
| Stochastics (14,3) | 70.52 | NEUTRAL | The Stochastics value for LGND is a neutral value. |
| Average True Range in percent/ATR (20) | 2.32 | MEDIUM VOLATILITY | The ATR as a percentage value for LGND suggests some volalility. |
| Average Directional Index/ADX (14) | 43.9 | 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 |
|---|---|---|---|
| 169.85 | 164.33 | 5.52 (3.25%) | 25.00% |
| An entry @169.85. This is a Buy Stop order right above the resistance zone. | An exit @164.33. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 5.52 points, which is 3.25%. | For a 0.81% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of LGND. Please evaluate whether better entry and exit points can be found.
- 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.
166.51
-3.32 (-1.95%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-1.95%
1 Week0.46%
2 Weeks-0.14%
1 Month5.85%
3 Month45.97%
6 Month53.96%
12 Month61.97%
2 Year177.89%
3 Year93.37%
5 Year74.69%
10 Year94.41%
15 Year10438.6%
Volatility
ATR(14)4.16
ATR(20)%2.32%
ATR Inc40.24%
Range Today5.13
ADR(20)3.84
ADR(20)%2.3%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.47
Mansfield2.58
10 Day High170.78
10 Day Low161.82
20 Day High170.78
20 Day Low156.91
52 Week High170.78
52 Week Low93.58
CS1 End166.35
CR1 Start169.84
Volume & EV
DER(3)0.46%
DER(5)0.51%
Volume586.90K
Volume Incr139.37%
Vol(5)403.50K
Vol(50)262.82K