Ligand Pharma (LGNDZ): Following the Numbers

Traders might be following the technicals on shares of Ligand Pharma (LGNDZ). after a recent check, we have noticed that the PPOH level is right now below zero. With the PPOH below zero, traders may be alerted that the stock is in sell territory.

When certain portfolio stocks are performing poorly, investors may be prone to chase higher return stocks or move into safer stocks. As most investors know, short-term results have the ability to be somewhat misleading. Deviating from a well-crafted plan based on short-term market fluctuations can lead to portfolio trouble in the future. Having the proper mix of stocks in the portfolio may also be helpful to longer-term performance. Pinpointing overall investment goals and regularly reviewing portfolio positions can assist the investor remain on track.

Technical traders have a large inventory of technical indicators they may use when doing technical stock analysis. After a recent look, the 14-day ATR for Ligand Pharma (LGNDZ) is resting at 0.00. First developed by J. Welles Wilder, the ATR may assist traders in determining if there is heightened interest in a trend, or if extreme levels may be indicating a reversal. Simply put, the ATR determines the volatility of a security over a given stage of time, or the tendency of the security to move one direction or another.

Tracking alternate technical indicators, the 14-day RSI is currently standing at 46.20, the 7-day sits at 44.26, and the 3-day is resting at 60.81 for Ligand Pharma (LGNDZ). The Relative Strength Index (RSI) is a highly prime technical indicator. The RSI is computed base on the speed and direction of a stock’s price movement. The RSI is considered to be an internal strength indicator, not to be confused with relative strength which is compared to alternate stocks and indices. The RSI value will always move between 0 and 100. One of the most prime time frames using RSI is the 14-day.

The Average Directional Index or ADX is a prime technical indicator designed to assist add up trend strength. Many traders will use the ADX in combination with alternate indicators in order to assist formulate trading strategies. Presently, the 14-day ADX for Ligand Pharma (LGNDZ) is 12.61. In general, an ADX value from 0-25 would indicate an absent or weak trend. A value of 25-50 would indicate a strong trend. A value of 50-75 would signal a very strong trend, and a value of 75-100 would indicate an extremely strong trend. The ADX alone was designed to add up trend strength. When combined with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI), it can assist decipher the trend direction as well.

Moving average indicators are used widely for stock analysis. Many traders will use a combination of moving averages with other time frames to assist review stock trend direction. One of the more prime combinations is to use the 50-day and 200-day moving averages. Investors may use the 200-day MA to assist slick out the data a get a simpler long-term picture. They may look to the 50-day or 20-day to get a better grasp of what is going on with the stock in the near-term. Narrowing in on Moving Averages, the 200-day for Ligand Pharma (LGNDZ) is at 0.01, the 50-day is 0.01, and the 7-day is resting at 0.01.

Ligand Pharma (LGNDZ) right now has a 14-day Commodity Channel Index (CCI) of -13.76. Active investors may single out to use this technical indicator as a stock evaluation resource. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend. On the flip side, a reading below -100 may signal a downtrend reflecting weak price action. Using the CCI as a faddish indicator, technical analysts may use a +100 reading as an overbought signal and a -100 reading as an oversold indicator, suggesting a trend reversal.

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