RDHL Technical Analysis - REDHILL BIOPHARMA LTD-SP ADR

Technical Rating and Analysis

We assign a technical rating of 2 out of 10 to RDHL. RDHL's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

When comparing the yearly performance of all stocks, RDHL is a bad performer in the overall market: 98% of all stocks are doing better.

RDHL is one of the lesser performing stocks in the Pharmaceuticals industry. 87% of 195 stocks in the same industry do better.

RDHL is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

In the last month RDHL has a been trading in the 1.50 - 2.79 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

RDHL has an average volume of 1226900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Considerably lower volume is observed in the last couple of days.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

REDHILL BIOPHARMA LTD-SP ADR / RDHL Weekly stock chart

REDHILL BIOPHARMA LTD-SP ADR / RDHL Daily stock chart

Setup Rating and Analysis

The technical rating of RDHL is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

More info and screens

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

1.34

2.51

We found 2 important support areas.

A support zone ranging from 1.49 to 1.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @1.35 from a trend line in the daily time frame.

2 important resistance areas can be observed.

Resistance @2.24 from a trend line in the daily time frame.
Resistance @2.49 from a trend line in the daily time frame.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	DOWN	NEGATIVE	The long term trend for RDHL is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for RDHL is down.
ChartMill Relative Strength	2.97	NEGATIVE	RDHL has a low relative strength, it was outperformed by 97.03% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of RDHL is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of RDHL is below the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of RDHL is below a declining SMA(200).
Relative Strength Index/RSI (14)	41.36	NEUTRAL	The RSI value for RDHL is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.07	NEGATIVE	The MACD value suggests RDHL has a negative trend.
Stochastics (14,3)	1.61	OVERSOLD	The low Stochastics value suggests RDHL may be oversold.
Average True Range in percent/ATR (20)	14.53	HIGH VOLATILITY	The high ATR as a percentage value for RDHL suggests high volalility.
Average Directional Index/ADX (14)	34.13	POSITIVE	The high ADX value value for RDHL suggests a strong trend.