The Hourly View for IONS
At the moment, IONS (Get Ratings)’s price is up $0.38 (1.02%) from the hour prior. This is the 2nd hour in a row IONS has seen its price head up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
IONS ranks 39th in terms of today’s price percentage change out of Pharmaceutical Products stocks.
IONS’s Technical Outlook on the Daily Chart
At the time of this writing, IONS’s price is up $0.88 (2.38%) from the day prior. IONS has seen its price go up 4 out of the past 5 days, thus creating some compelling opportunities for bulls. As for the trend on the daily timeframe, we see the clearest trend on the 100 day timeframe. The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend. Ionis Pharmaceuticals Inc’s price action over the past 90 days can be seen via the chart below.