RIGEL PHARMACEUTICALS INC (RIGL) Stock Technical Analysis
USA - NASDAQ:RIGL - US7665597024 - Common Stock
37.85 USD
+9.47 (+33.37%)
37.89 USD
+0.04 (+0.11%)
Taking everything into account, RIGL scores 6 out of 10 in our technical rating. In the last year, RIGL was one of the better performers, but we do observe some doubts in the very recent evolution.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
RIGL is part of the Biotechnology industry. There are 534 other stocks in this industry. RIGL outperforms 81% of them.
RIGL is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so RIGL is lagging the market slightly.
In the last month RIGL has a been trading in the 26.38 - 39.56 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
When comparing the yearly performance of all stocks, we notice that RIGL is one of the better performing stocks in the market, outperforming 91% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
RIGL has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
18.08
42.42
When analyzing the support we can see 4 important areas.
- A support zone ranging from 29.67 to 30.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @22.07 from a trend line in the weekly time frame.
- Support @21.53 from a trend line in the daily time frame.
- Support @18.26 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 41.51 to 42.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for RIGL is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RIGL is neutral. |
| ChartMill Relative Strength | 91.85 | POSITIVE | RIGL has a high relative strength, it outperformed 91.85% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RIGL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of RIGL is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RIGL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 69.06 | NEUTRAL | The RSI value for RIGL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.73 | POSITIVE | The MACD value suggests RIGL has a positive trend. |
| Stochastics (14,3) | 52.9 | NEUTRAL | The Stochastics value for RIGL is a neutral value. |
| Average True Range in percent/ATR (20) | 5.39 | HIGH VOLATILITY | The high ATR as a percentage value for RIGL suggests high volalility. |
| Average Directional Index/ADX (14) | 18.9 | NEGATIVE | The low ADX value for RIGL suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
37.85
+9.47 (+33.37%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg33.37%
1 Week28.74%
2 Weeks23.33%
1 Month31.61%
3 Month19.4%
6 Month101.65%
12 Month71.5%
2 Year232.02%
3 Year463.58%
5 Year24.92%
10 Year15.4%
15 Year-52.57%
Volatility
ATR(14)2.39
ATR(20)%5.39%
ATR Inc358.32%
Range Today5.17
ADR(20)1.72
ADR(20)%4.54%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.85
3 months CRS85.79
6 months CRS94.81
Mansfield4.35
10 Day High39.56
10 Day Low28.08
20 Day High39.56
20 Day Low26.38
52 Week High43.72
52 Week Low14.63
CS1 End30.05
CR1 Start41.51
Volume & EV
DER(3)-5.35%
DER(5)-3.13%
Volume2.33M
Volume Incr110.42%
Vol(5)974.24K
Vol(50)635.46K
RIGEL PHARMACEUTICALS INC / RIGL FAQ
What is the ChartMill technical rating of RIGEL PHARMACEUTICALS INC (RIGL) stock?
ChartMill assigns a technical rating of 6 / 10 to RIGL.
Can you provide the trend direction for RIGEL PHARMACEUTICALS INC?
The current trend direction for RIGEL PHARMACEUTICALS INC (RIGL) is Bullish.
Can you provide the RSI signal for RIGEL PHARMACEUTICALS INC?
RIGEL PHARMACEUTICALS INC (RIGL) has an RSI value of 69.0594. This indicates that the stock is currently neutral.
What is the MACD signal for RIGL stock?
The MACD indicator for RIGEL PHARMACEUTICALS INC (RIGL) has a value of 0.731481, indicating a bearish trend.