Taking everything into account, RIGL scores 3 out of 10 in our technical rating. Although RIGL is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- In the last month RIGL has a been trading in the 33.94 - 49.10 range, which is quite wide. It is currently trading near the lows of this range.
- Looking at the yearly performance, RIGL did better than 90% of all other stocks.
- RIGL is one of the better performing stocks in the Biotechnology industry, it outperforms 75% of 524 stocks in the same industry.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- RIGL is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so RIGL is lagging the market.
- Considerably lower volume is observed in the last couple of days.
RIGL has a poor technical rating and the quality of the setup is also only medium 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
24.26
We found 2 important support areas.
- A support zone ranging from 34.85 to 34.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @24.51 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- Resistance @37.94 from a horizontal line in the daily time frame.
- Resistance @44.70 from a trend line in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for RIGL is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RIGL is down. |
| ChartMill Relative Strength | 90.03 | POSITIVE | RIGL has a high relative strength, it outperformed 90.03% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RIGL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RIGL is below 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) | 35.1 | NEUTRAL | The RSI value for RIGL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.37 | NEGATIVE | The MACD value suggests RIGL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 5.69 | OVERSOLD | The low Stochastics value suggests RIGL may be oversold. |
| Average True Range in percent/ATR (20) | 6.62 | HIGH VOLATILITY | The high ATR as a percentage value for RIGL suggests high volalility. |
| Average Directional Index/ADX (14) | 15.84 | NEGATIVE | The low ADX value for RIGL suggests a weak or negative trend. |
34.86
-0.3 (-0.85%)
RIGEL PHARMACEUTICALS INC / RIGL FAQ
What is the ChartMill technical rating of RIGEL PHARMACEUTICALS INC (RIGL) stock?
ChartMill assigns a technical rating of 3 / 10 to RIGL.
What is the trend direction for RIGL stock?
The current trend direction for RIGEL PHARMACEUTICALS INC (RIGL) is Bearish.
Can you provide the RSI signal for RIGEL PHARMACEUTICALS INC?
RIGEL PHARMACEUTICALS INC (RIGL) has an RSI value of 35.0965. This indicates that the stock is currently neutral.
Can you provide the short term momentum for RIGEL PHARMACEUTICALS INC?
The short term momentum for RIGEL PHARMACEUTICALS INC (RIGL) is negative.