REDHILL BIOPHARMA LTD-SP ADR (RDHL) Technical Analysis
NASDAQ:RDHL • US7574683014
Current stock price
RDHL Technical Rating and Analysis
Taking everything into account, RDHL scores 0 out of 10 in our technical rating. 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.
- 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: 94% of all stocks are doing better.
- RDHL is one of the lesser performing stocks in the Pharmaceuticals industry. 74% of 192 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. The S&P500 Index is trading in the upper part of its 52 week range, so RDHL is lagging the market.
- In the last month RDHL has a been trading in the 0.71 - 0.97 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 Weekly and Daily overview Charts
RDHL 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
RDHL Support and Resistance Analysis
0.74
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 0.86 to 0.86. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 0.99 to 1.00. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @1.02 from a horizontal line in the daily time frame.
RDHL 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 | 6.16 | NEGATIVE | RDHL has a low relative strength, it was outperformed by 93.84% 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) | 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) | 26.7 | OVERSOLD | The low RSI value suggests RDHL may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests RDHL has a negative trend. |
| Stochastics (14,3) | 11.07 | OVERSOLD | The low Stochastics value suggests RDHL may be oversold. |
| Average True Range in percent/ATR (20) | 7.42 | HIGH VOLATILITY | The high ATR as a percentage value for RDHL suggests high volalility. |
| Average Directional Index/ADX (14) | 31.55 | POSITIVE | The high ADX value value for RDHL suggests a strong trend. |
RDHL Chart- and CandleStick Pattern Analysis
RDHL Technicals: Chart, Performance Metrics, Trend & Indicators
0.7452
+0 (+0.07%)
REDHILL BIOPHARMA LTD-SP ADR / RDHL TA FAQ
What is the technical rating for RDHL stock?
ChartMill assigns a technical rating of 0 / 10 to RDHL.
What is the current trend direction of REDHILL BIOPHARMA LTD-SP ADR (RDHL) stock?
The current trend direction for REDHILL BIOPHARMA LTD-SP ADR (RDHL) is Bearish.
Can you provide the RSI signal for REDHILL BIOPHARMA LTD-SP ADR?
REDHILL BIOPHARMA LTD-SP ADR (RDHL) has an RSI value of 26.7004. This indicates that the stock is currently oversold.
What is the short term momentum for RDHL stock?
The short term momentum for REDHILL BIOPHARMA LTD-SP ADR (RDHL) is negative.
Can you provide the support and resistance levels for REDHILL BIOPHARMA LTD-SP ADR?
REDHILL BIOPHARMA LTD-SP ADR (RDHL) has a resistance level at 0.86. Check the full technical report for our detailed analysis of RDHL support and resistance levels.