We assign a technical rating of 1 out of 10 to RDHL. RDHL scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
RDHL has a poor technical rating and the quality of the setup is also not perfect 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
1.01
When analyzing the support we notice one important area.
- A support zone ranging from 1.02 to 1.03. This zone is formed by a combination of multiple trend lines in the daily time frame.
2 important resistance areas can be observed.
- Resistance @1.25 from a horizontal line in the daily time frame.
- Resistance @1.68 from a trend line in the weekly time frame.
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 | 4.33 | NEGATIVE | RDHL has a low relative strength, it was outperformed by 95.67% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RDHL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RDHL is below a declining 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) | 48.8 | NEUTRAL | The RSI value for RDHL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests RDHL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 75 | NEUTRAL | The Stochastics value for RDHL is a neutral value. |
| Average True Range in percent/ATR (20) | 5.15 | HIGH VOLATILITY | The high ATR as a percentage value for RDHL suggests high volalility. |
| Average Directional Index/ADX (14) | 15.3 | NEGATIVE | The low ADX value for RDHL suggests a weak or negative trend. |
1.2
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REDHILL BIOPHARMA LTD-SP ADR / RDHL FAQ
What is the technical rating for RDHL stock?
ChartMill assigns a technical rating of 1 / 10 to RDHL.
Can you provide the trend direction for REDHILL BIOPHARMA LTD-SP ADR?
The current trend direction for REDHILL BIOPHARMA LTD-SP ADR (RDHL) is Bearish.
What is the RSI signal for REDHILL BIOPHARMA LTD-SP ADR (RDHL) stock?
REDHILL BIOPHARMA LTD-SP ADR (RDHL) has an RSI value of 48.7983. This indicates that the stock is currently neutral.
What is the buy/sell signal for RDHL stock?
The buy/sell signal for REDHILL BIOPHARMA LTD-SP ADR (RDHL) is sell as both the short term and long term trends are negative.
What is the support and resistance level for RDHL stock?
REDHILL BIOPHARMA LTD-SP ADR (RDHL) has a support level at 1.03 and a resistance level at 1.25. Check the full technical report for our detailed analysis of RDHL support and resistance levels.