NASDAQ ยท EQUITY ยท ENHANCED MARKET DYNAMICS

LGND

Ligand Pharmaceuticals Incorporated

US ยท Healthcare ยท Biotechnology

EMD SCORE77/100

CURRENT COMPLETED-WEEK READ

Strongly constructive

The latest completed-week readings are broadly supportive. Conditions are positive and have strengthened over the latest four completed weeks.

Constructive build100% directional agreement100% evidence confidence
Completed week
28 Aug 2026
Latest close
USD 280.49
Evidence
156 weeks

COMPLETED-WEEK OVERVIEW

Price and market conditions over time

5 supportive ยท 0 cautious

Enhanced Market Dynamics and the price cycle156 completed weeks ยท bars use the left EMD axis; price uses the right axis.
8 Sep 2023โ€“28 Aug 2026
CONSTRUCTIVE PRESSURE CAUTIOUS PRESSURE EMD PRICE ยท USD +100+500-50-100 335.75184.5633.37 8 Sep 2023 ยท EMD 29/100 ยท close 63.05 15 Sep 2023 ยท EMD 30/100 ยท close 61.98 22 Sep 2023 ยท EMD 29/100 ยท close 59.08 29 Sep 2023 ยท EMD 31/100 ยท close 59.92 6 Oct 2023 ยท EMD 27/100 ยท close 58.15 13 Oct 2023 ยท EMD 26/100 ยท close 54.99 20 Oct 2023 ยท EMD 24/100 ยท close 52.09 27 Oct 2023 ยท EMD 24/100 ยท close 49.57 3 Nov 2023 ยท EMD 32/100 ยท close 53.99 10 Nov 2023 ยท EMD 37/100 ยท close 55.38 17 Nov 2023 ยท EMD 41/100 ยท close 57.82 24 Nov 2023 ยท EMD 42/100 ยท close 60.09 1 Dec 2023 ยท EMD 40/100 ยท close 58.75 8 Dec 2023 ยท EMD 45/100 ยท close 61.82 15 Dec 2023 ยท EMD 54/100 ยท close 67.35 22 Dec 2023 ยท EMD 59/100 ยท close 71.51 29 Dec 2023 ยท EMD 57/100 ยท close 71.42 5 Jan 2024 ยท EMD 60/100 ยท close 70.83 12 Jan 2024 ยท EMD 61/100 ยท close 72.60 19 Jan 2024 ยท EMD 63/100 ยท close 72.52 26 Jan 2024 ยท EMD 72/100 ยท close 76.45 2 Feb 2024 ยท EMD 69/100 ยท close 74.54 9 Feb 2024 ยท EMD 71/100 ยท close 75.88 16 Feb 2024 ยท EMD 68/100 ยท close 73.66 23 Feb 2024 ยท EMD 71/100 ยท close 75.87 1 Mar 2024 ยท EMD 66/100 ยท close 78.70 8 Mar 2024 ยท EMD 64/100 ยท close 73.77 15 Mar 2024 ยท EMD 60/100 ยท close 71.09 22 Mar 2024 ยท EMD 58/100 ยท close 71.00 29 Mar 2024 ยท EMD 62/100 ยท close 73.10 5 Apr 2024 ยท EMD 70/100 ยท close 77.96 12 Apr 2024 ยท EMD 78/100 ยท close 81.36 19 Apr 2024 ยท EMD 60/100 ยท close 72.47 26 Apr 2024 ยท EMD 57/100 ยท close 70.57 3 May 2024 ยท EMD 62/100 ยท close 73.90 10 May 2024 ยท EMD 82/100 ยท close 87.28 17 May 2024 ยท EMD 79/100 ยท close 86.06 24 May 2024 ยท EMD 81/100 ยท close 86.40 31 May 2024 ยท EMD 80/100 ยท close 85.05 7 Jun 2024 ยท EMD 68/100 ยท close 81.36 14 Jun 2024 ยท EMD 66/100 ยท close 80.06 21 Jun 2024 ยท EMD 63/100 ยท close 79.39 28 Jun 2024 ยท EMD 75/100 ยท close 84.26 5 Jul 2024 ยท EMD 70/100 ยท close 84.37 12 Jul 2024 ยท EMD 89/100 ยท close 99.41 19 Jul 2024 ยท EMD 88/100 ยท close 99.76 26 Jul 2024 ยท EMD 90/100 ยท close 107.14 2 Aug 2024 ยท EMD 82/100 ยท close 100.19 9 Aug 2024 ยท EMD 88/100 ยท close 100.16 16 Aug 2024 ยท EMD 85/100 ยท close 102.21 23 Aug 2024 ยท EMD 84/100 ยท close 103.82 30 Aug 2024 ยท EMD 86/100 ยท close 105.80 6 Sep 2024 ยท EMD 84/100 ยท close 101.14 13 Sep 2024 ยท EMD 86/100 ยท close 104.77 20 Sep 2024 ยท EMD 76/100 ยท close 102.80 27 Sep 2024 ยท EMD 72/100 ยท close 97.37 4 Oct 2024 ยท EMD 83/100 ยท close 104.78 11 Oct 2024 ยท EMD 75/100 ยท close 102.94 18 Oct 2024 ยท EMD 77/100 ยท close 106.39 25 Oct 2024 ยท EMD 81/100 ยท close 111.82 1 Nov 2024 ยท EMD 78/100 ยท close 110.04 8 Nov 2024 ยท EMD 85/100 ยท close 121.25 15 Nov 2024 ยท EMD 74/100 ยท close 111.71 22 Nov 2024 ยท EMD 87/100 ยท close 119.19 29 Nov 2024 ยท EMD 84/100 ยท close 121.47 6 Dec 2024 ยท EMD 85/100 ยท close 124.83 13 Dec 2024 ยท EMD 77/100 ยท close 116.91 20 Dec 2024 ยท EMD 73/100 ยท close 114.64 27 Dec 2024 ยท EMD 67/100 ยท close 109.19 3 Jan 2025 ยท EMD 70/100 ยท close 110.56 10 Jan 2025 ยท EMD 58/100 ยท close 106.28 17 Jan 2025 ยท EMD 66/100 ยท close 111.89 24 Jan 2025 ยท EMD 66/100 ยท close 115.03 31 Jan 2025 ยท EMD 65/100 ยท close 116.55 7 Feb 2025 ยท EMD 65/100 ยท close 115.19 14 Feb 2025 ยท EMD 71/100 ยท close 120.00 21 Feb 2025 ยท EMD 70/100 ยท close 120.67 28 Feb 2025 ยท EMD 78/100 ยท close 122.23 7 Mar 2025 ยท EMD 65/100 ยท close 114.83 14 Mar 2025 ยท EMD 54/100 ยท close 106.19 21 Mar 2025 ยท EMD 51/100 ยท close 108.15 28 Mar 2025 ยท EMD 49/100 ยท close 107.62 4 Apr 2025 ยท EMD 46/100 ยท close 99.57 11 Apr 2025 ยท EMD 53/100 ยท close 104.27 18 Apr 2025 ยท EMD 51/100 ยท close 104.97 25 Apr 2025 ยท EMD 51/100 ยท close 108.07 2 May 2025 ยท EMD 50/100 ยท close 109.39 9 May 2025 ยท EMD 44/100 ยท close 104.48 16 May 2025 ยท EMD 38/100 ยท close 104.54 23 May 2025 ยท EMD 35/100 ยท close 101.60 30 May 2025 ยท EMD 35/100 ยท close 102.19 6 Jun 2025 ยท EMD 41/100 ยท close 105.99 13 Jun 2025 ยท EMD 49/100 ยท close 112.50 20 Jun 2025 ยท EMD 52/100 ยท close 114.07 27 Jun 2025 ยท EMD 53/100 ยท close 114.15 4 Jul 2025 ยท EMD 57/100 ยท close 114.58 11 Jul 2025 ยท EMD 67/100 ยท close 121.70 18 Jul 2025 ยท EMD 90/100 ยท close 139.10 25 Jul 2025 ยท EMD 78/100 ยท close 135.83 1 Aug 2025 ยท EMD 82/100 ยท close 132.72 8 Aug 2025 ยท EMD 92/100 ยท close 150.06 15 Aug 2025 ยท EMD 90/100 ยท close 151.08 22 Aug 2025 ยท EMD 90/100 ยท close 159.08 29 Aug 2025 ยท EMD 90/100 ยท close 161.71 5 Sep 2025 ยท EMD 89/100 ยท close 166.75 12 Sep 2025 ยท EMD 88/100 ยท close 165.75 19 Sep 2025 ยท EMD 87/100 ยท close 166.51 26 Sep 2025 ยท EMD 89/100 ยท close 169.72 3 Oct 2025 ยท EMD 90/100 ยท close 180.99 10 Oct 2025 ยท EMD 83/100 ยท close 177.73 17 Oct 2025 ยท EMD 87/100 ยท close 181.65 24 Oct 2025 ยท EMD 89/100 ยท close 186.98 31 Oct 2025 ยท EMD 89/100 ยท close 191.31 7 Nov 2025 ยท EMD 90/100 ยท close 202.48 14 Nov 2025 ยท EMD 82/100 ยท close 200.86 21 Nov 2025 ยท EMD 80/100 ยท close 199.23 28 Nov 2025 ยท EMD 87/100 ยท close 203.18 5 Dec 2025 ยท EMD 75/100 ยท close 184.87 12 Dec 2025 ยท EMD 82/100 ยท close 189.55 19 Dec 2025 ยท EMD 84/100 ยท close 200.33 26 Dec 2025 ยท EMD 76/100 ยท close 195.83 2 Jan 2026 ยท EMD 76/100 ยท close 190.11 9 Jan 2026 ยท EMD 82/100 ยท close 206.65 16 Jan 2026 ยท EMD 71/100 ยท close 192.97 23 Jan 2026 ยท EMD 74/100 ยท close 201.15 30 Jan 2026 ยท EMD 67/100 ยท close 192.10 6 Feb 2026 ยท EMD 62/100 ยท close 190.44 13 Feb 2026 ยท EMD 60/100 ยท close 183.83 20 Feb 2026 ยท EMD 58/100 ยท close 183.98 27 Feb 2026 ยท EMD 70/100 ยท close 198.31 6 Mar 2026 ยท EMD 70/100 ยท close 201.90 13 Mar 2026 ยท EMD 67/100 ยท close 202.91 20 Mar 2026 ยท EMD 71/100 ยท close 204.81 27 Mar 2026 ยท EMD 65/100 ยท close 195.48 3 Apr 2026 ยท EMD 73/100 ยท close 199.59 10 Apr 2026 ยท EMD 72/100 ยท close 204.92 17 Apr 2026 ยท EMD 84/100 ยท close 231.82 24 Apr 2026 ยท EMD 83/100 ยท close 231.27 1 May 2026 ยท EMD 79/100 ยท close 227.44 8 May 2026 ยท EMD 82/100 ยท close 221.41 15 May 2026 ยท EMD 68/100 ยท close 213.21 22 May 2026 ยท EMD 82/100 ยท close 229.33 29 May 2026 ยท EMD 77/100 ยท close 231.96 5 Jun 2026 ยท EMD 83/100 ยท close 237.00 12 Jun 2026 ยท EMD 88/100 ยท close 255.54 19 Jun 2026 ยท EMD 91/100 ยท close 274.88 26 Jun 2026 ยท EMD 97/100 ยท close 303.59 3 Jul 2026 ยท EMD 95/100 ยท close 319.55 10 Jul 2026 ยท EMD 84/100 ยท close 316.24 17 Jul 2026 ยท EMD 88/100 ยท close 303.39 24 Jul 2026 ยท EMD 85/100 ยท close 300.53 31 Jul 2026 ยท EMD 77/100 ยท close 287.54 7 Aug 2026 ยท EMD 78/100 ยท close 293.15 14 Aug 2026 ยท EMD 83/100 ยท close 294.60 21 Aug 2026 ยท EMD 76/100 ยท close 286.29 28 Aug 2026 ยท EMD 77/100 ยท close 280.49 22 Dec 2023 ยท Up-cycle confirmed ยท close 71.51 26 Jan 2024 ยท Up-cycle confirmed ยท close 76.45 5 Apr 2024 ยท Up-cycle confirmed ยท close 77.96 10 May 2024 ยท Up-cycle confirmed ยท close 87.28 31 Jul 2026 ยท Down-cycle confirmed ยท close 287.54 8 Sep 20237 Mar 202528 Aug 2026
Constructive EMDCautious EMDCompleted-week priceUp-cycle confirmationDown-cycle confirmation
Cycle position 94%Current EMD +54.04-week EMD change +0.8156-week price range USD 49.57โ€“319.55

THE FULL PRICE CYCLE

Follow the journey from one zone to the other

Each state uses completed-week information available at that point.

01

Lower zone

Price establishes residence near the bottom of its long-cycle range. Improving EMD separates early repair from continued deterioration.

02

Upward journey

Price leaves the lower zone while EMD confirms improving participation. The objective is the broader move toward the upper zone, not a short weekly trade.

03

Upper zone

Price establishes residence near the top of its long-cycle range. This is the profit-harvest area, with EMD watched for exhaustion and loss of support.

04

Downward journey

Price leaves the upper zone while EMD weakens. The reverse cycle remains active until lower-zone residence is confirmed again.

CURRENT READINGS

What the latest week shows

Completed-week values

01

Underlying pressure

63/1000.11

Strengthening beneath price
4-week change -1.03

02

Trend and deviation

99/100+15.2% vs Trend Line

Price structure supports the trend
Trend gate active

03

Momentum and SMI

73/1004w -2.5% ยท 13w +20.9%

Momentum is supportive
SMI 0.94

04

Price-volume pressure

45/10045% constructive pressure

Volume is leaning against the close
Volume ratio 0.60x

05

Relative leadership

93/10015.16

Leadership is supportive
4-week change -11.45

06

Modeled Trend

91/100Modeled Trend 0.84

Modeled Trend is supportive
Smoothed Modeled Trend 0.86

Evidence context