(LGND) Long Term Investment Analysis

November 02, 2024, 19:36 pm ET, BY Harold S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for LGND

• Buy LGND near 106.93 target 117.1 stop loss @ 106.62 Details

The technical summary data tells us to buy LGND near 106.93 with an upside target of 117.1. This data also tells us to set a stop loss @ 106.62 to protect against excessive loss in case the stock begins to move against the trade. 106.93 is the first level of support below 110.04 , and by rule, any test of support is a buy signal. In this case, support 106.93 is being tested, a buy signal would exist.

• Short LGND slightly under 117.1, target 106.93, stop loss @ 117.44 Details

The technical summary data is suggesting a short of LGND as it gets near 117.1 with a downside target of 106.93. We should have a stop loss in place at 117.44though. 117.1 is the first level of resistance above 110.04, and by rule, any test of resistance is a short signal. In this case, if resistance 117.1 is being tested, a short signal would exist.

Swing Trading Plans for LGND

• Buy LGND slightly over 114.9, target 117.1, Stop Loss @ 114.57 Details

If 114.9 begins to break higher, the technical summary data tells us to buy LGND just slightly over 114.9, with an upside target of 117.1. The data also tells us to set a stop loss @ 114.57 in case the stock turns against the trade. 114.9 is the first level of resistance above 110.04, and by rule, any break above resistance is a buy signal. In this case, 114.9, 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 114.9, target 109.17, Stop Loss @ 115.23. Details

The technical summary data is suggesting a short of LGND if it tests 114.9 with a downside target of 109.17. We should have a stop loss in place at 115.23 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, 114.9, 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 114.9, target 117.1, Stop Loss @ 114.63 Details

If 114.9 begins to break higher, the technical summary data tells us to buy LGND just slightly over 114.9, with an upside target of 117.1. The data also tells us to set a stop loss @ 114.63 in case the stock turns against the trade. 114.9 is the first level of resistance above 110.04, and by rule, any break above resistance is a buy signal. In this case, 114.9, 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 114.9, target 110.03, Stop Loss @ 115.17. Details

The technical summary data is suggesting a short of LGND if it tests 114.9 with a downside target of 110.03. We should have a stop loss in place at 115.17 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, 114.9, 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.

Check the time stamp on this data. Updated AI-Generated Signals for Ligand Pharmaceuticals Incorporated (LGND) available here: LGND.

LGND Ratings for November 02:

Term →	Near	Mid	Long
Rating	Weak	Strong	Strong
P1	0	0	97.71
P2	106.18	109.17	106.93
P3	110.03	114.9	117.1

AI Generated Signals for LGND

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Technically, Ligand Pharmaceuticals Incorporated (NASDAQ: LGND) provides opportunities for traders who are watching the price of the stock oscillate over time.

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.

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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.