Question 1

What implications does the 10-day RSI indicator have for LGND?

Accepted Answer

The 10-day RSI Oscillator for LGND moved out of overbought territory on August 01, 2024. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 32 instances where the indicator moved out of the overbought zone. In 22 of the 32 cases the stock moved lower in the days that followed. This puts the odds of a move down at 0%.

Question 2

What does the Stochastic Oscillator suggest about LGND's trend?

Accepted Answer

The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.

Question 3

How did LGND's Momentum indicator behave recently?

Accepted Answer

The Momentum Indicator moved above the 0 level on August 16, 2024. You may want to consider a long position or call options on LGND as a result. In 60 of 80 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 0%.

Question 4

What does MACD indicator imply for LGND?

Accepted Answer

The Moving Average Convergence Divergence Histogram (MACD) for LGND turned negative on August 02, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 41 similar instances when the indicator turned negative. In 27 of the 41 cases the stock turned lower in the days that followed. This puts the odds of success at 0%.

Question 5

What does a 3-day price advance indicate for LGND?

Accepted Answer

Following a +7.32% 3-day Advance, the price is estimated to grow further. Considering data from situations where LGND advanced for three days, in 241 of 316 cases, the price rose further within the following month. The odds of a continued upward trend are 76%.

Question 6

What does a 3-day decline signify for LGND's future price movement?

Accepted Answer

Following a 3-day decline, the stock is projected to fall further. Considering past instances where LGND declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 0%.

Question 7

What does LGND breaking above its upper Bollinger Band indicate?

Accepted Answer

LGND may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Question 8

How does the Aroon Indicator reflect on LGND's trend?

Accepted Answer

The Aroon Indicator entered an Uptrend today. In 165 of 207 cases where LGND Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 0%.

LGND Stock Ligand Pharmaceuticals (LGND, $80.83) entered Downtrend as Momentum indicator drops below 0 level on Jun 04, 2024

LGND's RSI Oscillator peaks and leaves overbought zone

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