RIGEL PHARMACEUTICALS INC (RIGL) Stock Technical Analysis
NASDAQ:RIGL - Nasdaq - US7665597024 - Common Stock - Currency: USD
Overall RIGL gets a technical rating of 4 out of 10. 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 16.88 - 25.42 range, which is quite wide. It is currently trading near the lows of this range.
RIGL is part of the Biotechnology industry. There are 562 other stocks in this industry. RIGL outperforms 94% of them.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
Looking at the yearly performance, RIGL did better than 95% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
RIGL is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so RIGL is lagging the market slightly.
RIGL has an average technical rating and the quality of the presented setup is also not ideal at the moment. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
16.10
21.15
We found 4 important support areas.
- A support zone ranging from 18.64 to 18.89. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 18.02 to 18.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @17.05 from a trend line in the daily time frame.
- A support zone ranging from 16.26 to 16.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 19.08 to 19.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @19.84 from a horizontal line in the weekly time frame.
- Resistance @20.94 from a horizontal 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 | NEUTRAL | NEUTRAL | The short term trend for RIGL is neutral. |
| ChartMill Relative Strength | 95.84 | POSITIVE | RIGL has a high relative strength, it outperformed 95.84% 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 | 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) | 49.14 | NEUTRAL | The RSI value for RIGL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests RIGL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 35.05 | NEUTRAL | The Stochastics value for RIGL is a neutral value. |
| Average True Range in percent/ATR (20) | 7.59 | HIGH VOLATILITY | The high ATR as a percentage value for RIGL suggests high volalility. |
| Average Directional Index/ADX (14) | 31.22 | 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)
18.95
-0.78 (-3.95%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-3.95%
1 Week-4.46%
2 Weeks0.96%
1 Month-1.71%
3 Month-5.67%
6 Month-27.23%
12 Month108.82%
2 Year35.36%
3 Year4.7%
5 Year-3.07%
10 Year-45.7%
15 Year-70.94%
Volatility
ATR(14)1.73
ATR(20)%7.59%
ATR Inc-5.68%
Range Today1.07
ADR(20)1.4
ADR(20)%7.4%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.84
Mansfield1.32
10 Day High21.33
10 Day Low17.65
20 Day High25.42
20 Day Low16.88
52 Week High29.82
52 Week Low7.48
CS1 End18.89
CR1 Start19.08
Volume & EV
DER(3)-8.18%
DER(5)-2.81%
Volume269.50K
Volume Incr21.76%
Vol(5)259.16K
Vol(50)226.80K