Ligand Pharms Cvr Stock Technical Analysis

LGNDZ Stock  USD 0  0.0003  10.00%   
As of the 23rd of April, Ligand Pharms secures the Downside Deviation of 38.42, risk adjusted performance of 0.1188, and Mean Deviation of 38.15. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Ligand Pharms Cvr, as well as the relationship between them. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of past prices, or the prices will eventually revert. We were able to break down nineteen technical drivers for Ligand Pharms, which can be compared to its peers in the industry. Please verify Ligand Pharms Cvr semi deviation, jensen alpha, as well as the relationship between the Jensen Alpha and semi variance to decide if Ligand Pharms Cvr is priced some-what accurately, providing market reflects its recent price of 0.0033 per share. As Ligand Pharms Cvr appears to be a penny stock we also strongly suggest to check its total risk alpha numbers.

Ligand Pharms Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Ligand, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Ligand
  
Ligand Pharms' Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.
Ligand Pharms technical pink sheet analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, pink sheet market cycles, or different charting patterns.
A focus of Ligand Pharms technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Ligand Pharms trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Ligand Pharms Cvr Technical Analysis

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Ligand Pharms Cvr Trend Analysis

Use this graph to draw trend lines for Ligand Pharms Cvr. You can use it to identify possible trend reversals for Ligand Pharms as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Ligand Pharms price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Ligand Pharms Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Ligand Pharms Cvr applied against its price change over selected period. The best fit line has a slop of   0.0001  , which may suggest that Ligand Pharms Cvr market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.0, which is the sum of squared deviations for the predicted Ligand Pharms price change compared to its average price change.

About Ligand Pharms Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Ligand Pharms Cvr on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Ligand Pharms Cvr based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Ligand Pharms Cvr price pattern first instead of the macroeconomic environment surrounding Ligand Pharms Cvr. By analyzing Ligand Pharms's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Ligand Pharms's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Ligand Pharms specific price patterns or momentum indicators. Please read more on our technical analysis page.

Ligand Pharms April 23, 2024 Technical Indicators

Most technical analysis of Ligand help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Ligand from various momentum indicators to cycle indicators. When you analyze Ligand charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Ligand Pharms April 23, 2024 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Ligand stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment.
Note that the Ligand Pharms Cvr information on this page should be used as a complementary analysis to other Ligand Pharms' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.

Complementary Tools for Ligand Pink Sheet analysis

When running Ligand Pharms' price analysis, check to measure Ligand Pharms' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ligand Pharms is operating at the current time. Most of Ligand Pharms' value examination focuses on studying past and present price action to predict the probability of Ligand Pharms' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ligand Pharms' price. Additionally, you may evaluate how the addition of Ligand Pharms to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Ligand Pharms' value and its price as these two are different measures arrived at by different means. Investors typically determine if Ligand Pharms is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ligand Pharms' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.