LIGAND PHARMACEUTICALS (LGND) Stock Technical Analysis
NASDAQ:LGND • US53220K5048
We assign a technical rating of 5 out of 10 to LGND. In the last year, LGND was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- LGND is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so LGND is lagging the market slightly.
- When comparing the yearly performance of all stocks, we notice that LGND is one of the better performing stocks in the market, outperforming 81% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- LGND is an average performer in the Pharmaceuticals industry, it outperforms 66% of 192 stocks in the same industry.
- In the last month LGND has a been trading in the 179.20 - 202.79 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
LGND has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 193.51. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 185.89, 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 181.64 to 185.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @177.73 from a horizontal line in the daily time frame.
- Support @123.76 from a trend line in the weekly time frame.
- Support @120.11 from a trend line in the weekly time frame.
- Support @97.37 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 193.51 to 194.42. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 206.66 to 209.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The short term trend for LGND is neutral. |
| ChartMill Relative Strength | 81.02 | POSITIVE | LGND has a high relative strength, it outperformed 81.02% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of LGND is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of LGND is below 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) | 48.33 | 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, although the MACD value is rising. |
| Stochastics (14,3) | 26.89 | NEUTRAL | The Stochastics value for LGND is a neutral value. |
| Average True Range in percent/ATR (20) | 3.79 | MEDIUM VOLATILITY | The ATR as a percentage value for LGND suggests some volalility. |
| Average Directional Index/ADX (14) | 20.35 | NEUTRAL | The ADX value for LGND suggests a possible start of a new trend. |
189
+5.35 (+2.91%)
LIGAND PHARMACEUTICALS / LGND FAQ
What is the ChartMill technical rating of LIGAND PHARMACEUTICALS (LGND) stock?
ChartMill assigns a technical rating of 5 / 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 48.3314. 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 neutral.