IONIS PHARMACEUTICALS INC. - Daily - Technical analysis published on 11/06/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
50%
33%
My opinion
Bearish under 55.01 USD
My targets
46.76 USD (-14.03%)
40.54 USD (-25.46%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on IONIS PHARMACEUTICALS INC. as long as the price remains well below 55.01 USD. The sellers” bearish objective is set at 46.76 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 40.54 USD. In case of crossing, the next objective would be the support located at 20.62 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
FORCE
0
10
7.1
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The IONIS PHARMACEUTICALS INC. rating is 54.39 USD. On the day, this instrument lost -0.66% and was traded between 54.20 USD and 55.11 USD over the period. The price is currently at +0.35% from its lowest and -1.31% from its highest.54.20
55.11
54.39
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by IONIS PHARMACEUTICALS INC.:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of IONIS PHARMACEUTICALS INC. in Daily shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a slightly bearish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal support
Type : Bullish
Timeframe : Daily
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Three black crows
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 20.62 | 40.54 | 46.76 | 54.39 | 55.01 | 62.02 | 72.15 |
| Change (%) | -62.09% | -25.46% | -14.03% | - | +1.14% | +14.03% | +32.65% |
| Change | -33.77 | -13.85 | -7.63 | - | +0.62 | +7.63 | +17.76 |
| Level | Minor | Minor | Minor | - | Major | Intermediate | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 52.57 | 53.43 | 54.09 | 54.95 | 55.61 | 56.47 | 57.13 |
| Camarilla | 54.33 | 54.47 | 54.61 | 54.75 | 54.89 | 55.03 | 55.17 |
| Woodie | 52.47 | 53.38 | 53.99 | 54.90 | 55.51 | 56.42 | 57.03 |
| Fibonacci | 53.43 | 54.01 | 54.37 | 54.95 | 55.53 | 55.89 | 56.47 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 50.33 | 52.15 | 53.75 | 55.57 | 57.17 | 58.99 | 60.59 |
| Camarilla | 54.40 | 54.71 | 55.03 | 55.34 | 55.65 | 55.97 | 56.28 |
| Woodie | 50.21 | 52.10 | 53.63 | 55.52 | 57.05 | 58.94 | 60.47 |
| Fibonacci | 52.15 | 53.46 | 54.27 | 55.57 | 56.88 | 57.69 | 58.99 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 40.35 | 46.85 | 51.28 | 57.78 | 62.21 | 68.71 | 73.14 |
| Camarilla | 52.71 | 53.72 | 54.72 | 55.72 | 56.72 | 57.72 | 58.73 |
| Woodie | 39.33 | 46.33 | 50.26 | 57.26 | 61.19 | 68.19 | 72.12 |
| Fibonacci | 46.85 | 51.02 | 53.60 | 57.78 | 61.95 | 64.53 | 68.71 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 37.95 | |
| MACD (12,26,9): | -1.6000 | |
| Directional Movement: | -6.38 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 54.29 | |
| Parabolic SAR (0,02-0,02-0,2): | 56.81 | |
| Elder Ray (13): | -1.03 | |
| Super Trend (3,10): | 60.32 | |
| Zig ZAG (10): | 54.39 | |
| VORTEX (21): | 0.8700 | |
| Stochastique (14,3,5): | 20.02 | |
| TEMA (21): | 54.14 | |
| Williams %R (14): | -79.29 | |
| Chande Momentum Oscillator (20): | -1.40 | |
| Repulse (5,40,3): | -4.3700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.4200 | |
| Courbe Coppock: | 14.35 |
| MA7: | 55.30 | |
| MA20: | 56.89 | |
| MA50: | 59.93 | |
| MA100: | 63.05 | |
| MAexp7: | 55.10 | |
| MAexp20: | 56.49 | |
| MAexp50: | 59.38 | |
| MAexp100: | 61.91 | |
| Price / MA7: | -1.65% | |
| Price / MA20: | -4.39% | |
| Price / MA50: | -9.24% | |
| Price / MA100: | -13.74% | |
| Price / MAexp7: | -1.29% | |
| Price / MAexp20: | -3.72% | |
| Price / MAexp50: | -8.40% | |
| Price / MAexp100: | -12.15% |
News
The last news published on IONIS PHARMACEUTICALS INC. at the time of the generation of this analysis was as follows:
- Bench to bedside strategies demonstrate Ionis' foremost expertise in RNA-targeted therapeutics at DIA/FDA Oligonucleotide Conference
- Ionis Chairman and CEO Stanley T. Crooke, M.D., Ph.D. to receive Massry Prize for contributions to biomedical sciences
- Ionis Pharmaceuticals to hold third quarter 2019 financial results webcast
- Ionis' leadership in RNA-targeted therapeutics recognized at the Oligonucleotide Therapeutics Society annual meeting
- Ionis to receive the CLSA's 2019 Pantheon DiNA™ Award for Company of the Year
This member declared not having a position on this financial instrument or a related financial instrument.
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