Pacira BioSciences, Inc. ($PCRX) And Ionis Pharmaceuticals, Inc. ($IONS) Square Off

2019-08-16 | Welcome! Today we compared how two different stocks in the Major Pharmaceuticals industry are trading: Pacira BioSciences, Inc. and Ionis Pharmaceuticals, Inc.. While these two companies may have very different market capitalizations and balance sheets, they are worth comparing given how they are in the same sector. Below you’ll see how the different technical indicators differ between these two stocks, and we’ll also show what Trading View thinks of them based on the technical analysis. But before we get ahead of ourselves, please note that this is technical analysis only (ie. analyzing how these companies are trading, not digging into the company fundamentals), and therefore you should not rely only on this to guide you on whether you should buy or sell anything – take it with a grain of salt only, and pay attention to the disclaimer below. With that said, many traders find value in technical analysis and others even swear by it, so if that is you, I hope my analysis will be of use to you. Let’s get to it…

First things first: during its last day of trading, Pacira BioSciences, Inc. opened at 39.45, got to a maximum price of 39.71 and dropped to as low as 38.52 before finishing the session at 38.94. In total there were 890700 shares traded, which is enough to conduct our analysis. Compare that now to Ionis Pharmaceuticals, Inc., which opened at 66.89, had a high of 67.98, a low of 66.73, closed at 67.48 and had a total volume of 846200.

VOLUME ANALYSIS: Generally, the higher the volume indicators are, the better – you need liquidity to trade, after all. All of the volume indicators are as follows… (click here for an explanation on volume)

Volume Indicator Pacira BioSciences, Inc. Ionis Pharmaceuticals, Inc.
Accumulation-distribution index 662.05814 221.15064
on-balance volume 39.2 -66.93
chaikin money flow

8.15385 1.29358
force index

1.14 0.3225
ease of movement rating

-2e-05 0.00749
volume-price trend

-2.73492 -1.3755
negative volume index

1000.0 1000.0

VOLATILITY ANALYSIS: Now to compare the volatility between these two companies… (click here for an explanation on volatility)

Volatility Indicator Pacira BioSciences, Inc. Ionis Pharmaceuticals, Inc.
Average true range 1.00912 1.619
Bolinger bands 38.96027 67.55279
Upper bollinger band 38.30973 65.00721
Lower bollinger band

38.52 66.73
Bollinger high band indicator

1.0 1.0
Bollinger high low indicator

1.0 1.0
Central keltner channel

39.22667 67.2
High band keltner channel

38.96667 66.11
Low band keltner channel

39.48667 68.29
High band keltner channel indicator

1.0 1.0
Low band keltner channel indicator

1.0 1.0
Donchain channel high band

38.52 66.73
Donchain channel low band

38.52 66.73
Donchain channel high band indicator

1.0 1.0
Donchain channel low band indicator

1.0 1.0

TREND ANALYSIS: Now for the most interesting and detailed part, the trend. Where is the stock actually going? Let’s compare the indicators… (click here for an explanation on trend)

Trend Indicator Pacira BioSciences, Inc. Ionis Pharmaceuticals, Inc.
Moving Average Convergence Divergence (MACD) trend_macd -0.02019
MACD signal 0.00287 -0.01122
MACD difference 0.00229 -0.00897
fast Exponential Moving Average (EMA) indicator

38.52 66.73
slow Exponential Moving Average (EMA) indicator

38.52 66.73
Average Directional Movement Index (ADX)

unknown unknown
ADX positive

20.0 20.0
ADX negative

20.0 20.0
positive Vortex Indicator (VI)

1.0 1.0
negative VI

1.0 1.0
trend vortex difference

0.33578 0.89374
trix

-7.27865 1.16246
Mass Index (MI)

1.0 1.0
Commodity Channel Index (CCI)

66.66667 -66.66667
Detrended Price Oscillator (DPO)

2.89057 1.5414
KST Oscillator (KST)

-69.80278 -22.57751
KST Oscillator (KST Signal)

-69.80278 -22.57751
KST difference

1.38853 -3.29567
Ichimoku rating

39.58 67.435
Ichimoku B rating

39.58 67.435
Ichimoku visual trend A

42.85534 69.26366
Ichimoku visual trend B

42.7827 68.51393
Aroon Indicator (AI)

4.0 4.0
AI indicator down

4.0 4.0
AI difference

4.0 -4.0

MOMENTUM ANALYSIS: What about momentum? Let’s dive into it… (click here for an explanation on momentum)

Momentum Indicator Pacira BioSciences, Inc. Ionis Pharmaceuticals, Inc.
Relative Strength Index (RSI) 50.0 50.0
Money Flow Index (MFI) 50.2173 33.48073
True Strength Index (TSI) -100.0 -100.0
ultimate oscillator

-69.97641 -428.96657
stochastic oscillator

457.69231 114.6789
stochastic oscillator signal

457.69231 114.6789
Williams %R rating

357.69231 14.6789
awesome oscillator

0.40496 0.13517

RETURNS: That’s all for technical analysis. Now let’s just list the returns for Pacira BioSciences, Inc. and Ionis Pharmaceuticals, Inc..

Daily return -6.98028 -2.25775
Daily log return 0.59532 -1.3579
Cumulative return 0.59709 -1.34872

So there you have it: our deep, grueling analysis comparing Pacira BioSciences, Inc. and Ionis Pharmaceuticals, Inc. together. But what does all of the above mean? Various technical indicators above are positive, while others are negative, and if we want to decide overall if the technical analysis indicates a bullish or bearish chart, we have to consider all of them together. That’s what the Trading View widget below can do, so let’s see what it says considering all these indicators. First, here’s Pacira BioSciences, Inc.:

The verdict above will consider all these technical indicators and consider which are strong and weak, and then put them all together to come up with a conclusion stating whether PCRX is strong or weak. Again – this is not a reliable indication of whether Pacira BioSciences, Inc. is a good investment! None of these indicators consider the company fundamentals. All of this data is based on how it trades only. Now with that out of the way, let’s compare it with Ionis Pharmaceuticals, Inc.

So there you have it. We hope you have found this analysis useful, and if you see any errors or have any feedback, please comment below.

How can you profit off trading these 2 companies and other stocks like it? First, check out the Beat The Market Analyzer software – this is worth its weight in gold. Some other great services for earning income from trading and investing are Dividend Stocks (an outstanding resource for anyone interested in high dividend paying stocks), Microcap Millionaires (the best site online for profiting off micro-cap stocks) and Trading Code (an extremely powerful system for profiting off trading).

DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling anything based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.

Abigale Lormen

Abigale is a Masters in Business Administration by education. After completing her post-graduation, Abigale jumped the journalism bandwagon as a freelance journalist. Soon after that she landed a job of reporter and has been climbing the news industry ladder ever since to reach the post of editor at amarketreportsjournal.
Abigale Lormen

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