LA JOLLA PHARMACEUTICAL CO (LJPC) Technical Analysis
NASDAQ:LJPC • US5034596040
Current stock price
LJPC Technical Rating and Analysis
Taking everything into account, LJPC scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, LJPC is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, LJPC did better than 98% of all other stocks.
- LJPC is one of the better performing stocks in the Biotechnology industry, it outperforms 94% of 519 stocks in the same industry.
- A new 52 week high is currently being made by LJPC, which is a very good signal! Especially since the S&P500 is only trading in the upper part of its 52 week range, so LJPC is leading the market.
- LJPC is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
LJPC Weekly and Daily overview Charts
LJPC Setup Rating and Analysis
Besides having an excellent technical rating, LJPC also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 6.22. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 6.20, 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
LJPC Support and Resistance Analysis
6.10
When analyzing the support we notice one important area.
- A support zone ranging from 6.16 to 6.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 6.22 to 6.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
LJPC 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 LJPC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for LJPC is up. |
| ChartMill Relative Strength | 98.66 | POSITIVE | LJPC has a high relative strength, it outperformed 98.66% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of LJPC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of LJPC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of LJPC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 78.94 | OVERBOUGHT | The high RSI value suggests LJPC may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests LJPC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 94.25 | OVERBOUGHT | The high Stochastics value suggests LJPC may be overbought. |
| Average True Range in percent/ATR (20) | 0.65 | LOW VOLATILITY | The low ATR as a percentage value for LJPC suggests low volalility. |
| Average Directional Index/ADX (14) | 52.03 | POSITIVE | The high ADX value value for LJPC suggests a strong trend. |
LJPC Chart- and CandleStick Pattern Analysis
LJPC Example Setup
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 |
|---|---|---|---|
| 6.24 | 6.15 | 0.09 (1.44%) | 25.00% |
| An entry @6.24. This is a Buy Stop order right above the resistance zone. | An exit @6.15. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.09 points, which is 1.44%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.36%. |
- 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.
LJPC Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:LJPC (8/19/2022, 8:00:02 PM)
6.22
0 (0%)
LA JOLLA PHARMACEUTICAL CO / LJPC TA FAQ
What is the ChartMill technical rating of LA JOLLA PHARMACEUTICAL CO (LJPC) stock?
ChartMill assigns a technical rating of 9 / 10 to LJPC.
Can you provide the trend direction for LA JOLLA PHARMACEUTICAL CO?
The current trend direction for LA JOLLA PHARMACEUTICAL CO (LJPC) is Bullish.
Can you provide the RSI signal for LA JOLLA PHARMACEUTICAL CO?
LA JOLLA PHARMACEUTICAL CO (LJPC) has an RSI value of 78.9367. This indicates that the stock is currently overbought.
Can you provide the MACD signal for LA JOLLA PHARMACEUTICAL CO?
The MACD indicator for LA JOLLA PHARMACEUTICAL CO (LJPC) has a value of -0.0842198, indicating a bearish trend.
Can you provide the short term momentum for LA JOLLA PHARMACEUTICAL CO?
The short term momentum for LA JOLLA PHARMACEUTICAL CO (LJPC) is positive.