RIGEL PHARMACEUTICALS INC (RIGL) Stock Technical Analysis
NASDAQ:RIGL - Nasdaq - US7665597024 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to RIGL. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, RIGL is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, RIGL did better than 97% of all other stocks. On top of that, RIGL also shows a nice and consistent pattern of rising prices.
RIGL is part of the Biotechnology industry. There are 551 other stocks in this industry. RIGL outperforms 96% of them.
A new 52 week high is currently being made by RIGL, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month RIGL has a been trading in the 18.65 - 32.40 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.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although RIGL has an excellent technical rating, it 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
17.07
32.02
We found 5 important support areas.
- A support zone ranging from 21.16 to 21.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 19.26 to 19.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @18.95 from a horizontal line in the daily time frame.
- Support @18.26 from a horizontal line in the daily time frame.
- Support @17.24 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 | UP | POSITIVE | The long term trend for RIGL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RIGL is up. |
| ChartMill Relative Strength | 97.9 | POSITIVE | RIGL has a high relative strength, it outperformed 97.9% 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) | UP | POSITIVE | The current price of RIGL is above the rising 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) | 88.33 | OVERBOUGHT | The high RSI value suggests RIGL may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.25 | POSITIVE | The MACD value suggests RIGL has a positive trend. |
| Stochastics (14,3) | 96.45 | OVERBOUGHT | The high Stochastics value suggests RIGL may be overbought. |
| Average True Range in percent/ATR (20) | 4.3 | MEDIUM VOLATILITY | The ATR as a percentage value for RIGL suggests some volalility. |
| Average Directional Index/ADX (14) | 40.63 | POSITIVE | The high ADX value value for RIGL suggests a strong 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)
31.7
+1.26 (+4.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg4.14%
1 Week44.68%
2 Weeks57.16%
1 Month67.9%
3 Month68.89%
6 Month44.49%
12 Month210.48%
2 Year178.07%
3 Year123.24%
5 Year27.31%
10 Year5.67%
15 Year-59.51%
Volatility
ATR(14)1.67
ATR(20)%4.3%
ATR Inc33.14%
Range Today2.4
ADR(20)1.27
ADR(20)%4.01%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.9
Mansfield5.37
10 Day High32.4
10 Day Low19.51
20 Day High32.4
20 Day Low18.65
52 Week High32.4
52 Week Low10.28
CS1 End21.46
CR1 StartN/A
Volume & EV
DER(3)1.77%
DER(5)2.51%
Volume1.38M
Volume Incr545.54%
Vol(5)1.22M
Vol(50)295.42K