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(LGND) Investment Report

Longer Term Trading Plans for LGND
  • Buy LGND slightly over 67.26 target 77.96 stop loss @ 67.07 Details
  • The technical summary data tells us to buy LGND near 67.26 with an upside target of 77.96. This data also tells us to set a stop loss @ 67.07 to protect against excessive loss in case the stock begins to move against the trade. 67.26 is the first level of support below 73.21 , and by rule, any test of support is a buy signal. In this case, support 67.26 is being tested, a buy signal would exist.

  • Short LGND slightly under 77.96, target 67.26, stop loss @ 78.19 Details
  • The technical summary data is suggesting a short of LGND as it gets near 77.96 with a downside target of 67.26. We should have a stop loss in place at 78.19though. 77.96 is the first level of resistance above 73.21, and by rule, any test of resistance is a short signal. In this case, if resistance 77.96 is being tested, a short signal would exist.

Swing Trading Plans for LGND
  • Buy LGND slightly over 77.96, target n/a, Stop Loss @ 77.73 Details
  • If 77.96 begins to break higher, the technical summary data tells us to buy LGND just slightly over 77.96, with an upside target of n/a. The data also tells us to set a stop loss @ 77.73 in case the stock turns against the trade. 77.96 is the first level of resistance above 73.21, and by rule, any break above resistance is a buy signal. In this case, 77.96, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short LGND slightly near 77.96, target 73.19, Stop Loss @ 78.19. Details
  • The technical summary data is suggesting a short of LGND if it tests 77.96 with a downside target of 73.19. We should have a stop loss in place at 78.19 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 77.96, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for LGND
  • Buy LGND slightly over 74.56, target 77.96, Stop Loss @ 74.39 Details
  • If 74.56 begins to break higher, the technical summary data tells us to buy LGND just slightly over 74.56, with an upside target of 77.96. The data also tells us to set a stop loss @ 74.39 in case the stock turns against the trade. 74.56 is the first level of resistance above 73.21, and by rule, any break above resistance is a buy signal. In this case, 74.56, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short LGND slightly near 74.56, target 73.19, Stop Loss @ 74.73. Details
  • The technical summary data is suggesting a short of LGND if it tests 74.56 with a downside target of 73.19. We should have a stop loss in place at 74.73 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 74.56, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Real Time Updates are available on our Ligand Pharmaceuticals Incorporated (LGND) Page here: LGND.

LGND Ratings for April 03:

Term →Near Mid Long
Rating Strong Neutral Neutral
P1 0 0 57.7
P2 72.94 69.89 67.26
P3 74.56 73.19 77.96
Triggers may have already come
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Support and Resistance Plot Chart for LGND

LGND Long Term Analysis for April 3 2024

Blue = Current Price
Red= Resistance
Green = Support

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This report was produced using AI developed by Stock Traders Daily.  Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves.  This methodology is also applied to Index options, ETFs, and futures.  The objective of this specific report is to optimize trading in Ligand Pharmaceuticals Incorporated (NASDAQ: LGND) while incorporating prudent risk controls.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for LGND change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if LGND is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for LGND too.  All of these are offered below the Summary Table.