40.84 USD
-3.66 (-8.22%)
41.48 USD
+0.64 (+1.57%)
We assign a technical rating of 9 out of 10 to RIGL. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
In the last month RIGL has a been trading in the 40.50 - 49.10 range, which is quite wide. It is currently trading near the lows of this range.
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.
When comparing the yearly performance of all stocks, we notice that RIGL is one of the better performing stocks in the market, outperforming 96% of all stocks. We also observe that the gains produced by RIGL over the past year are nicely spread over this period.
RIGL is part of the Biotechnology industry. There are 528 other stocks in this industry. RIGL outperforms 90% 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.
Although RIGL has an excellent technical rating, the quality of the presented setup is not ideal 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
22.91
41.25
When analyzing the support we can see 5 important areas.
- A support zone ranging from 40.29 to 40.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @36.38 from a trend line in the weekly time frame.
- Support @34.05 from a trend line in the daily time frame.
- Support @23.90 from a trend line in the weekly time frame.
- Support @23.14 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 | 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 | 96.94 | POSITIVE | RIGL has a high relative strength, it outperformed 96.94% 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) | UP | MIXED | The current price of RIGL is below 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) | 45.01 | NEUTRAL | The RSI value for RIGL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests RIGL has a negative trend. |
| Stochastics (14,3) | 42.13 | NEUTRAL | The Stochastics value for RIGL is a neutral value. |
| Average True Range in percent/ATR (20) | 5.74 | HIGH VOLATILITY | The high ATR as a percentage value for RIGL suggests high volalility. |
| Average Directional Index/ADX (14) | 15.87 | 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)
40.84
-3.66 (-8.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-8.22%
1 Week-2.37%
2 Weeks-8.51%
1 Month-0.92%
3 Month44.93%
6 Month116.31%
12 Month151.32%
2 Year249.06%
3 Year149.02%
5 Year12.2%
10 Year48.51%
15 Year-39.23%
Volatility
ATR(14)2.53
ATR(20)%5.74%
ATR Inc96.42%
Range Today4.5
ADR(20)2.26
ADR(20)%5.53%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.94
3 months CRS95.93
6 months CRS97.16
Mansfield3.39
10 Day High49.1
10 Day Low40.5
20 Day High49.1
20 Day Low40.5
52 Week High52.24
52 Week Low15.5
CS1 End40.77
CR1 StartN/A
Volume & EV
DER(3)-5.75%
DER(5)-4.59%
Volume694.30K
Volume Incr4.91%
Vol(5)600.36K
Vol(50)651.70K
RIGEL PHARMACEUTICALS INC / RIGL FAQ
What is the ChartMill technical rating of RIGEL PHARMACEUTICALS INC (RIGL) stock?
ChartMill assigns a technical rating of 9 / 10 to RIGL.
What is the trend direction for RIGL stock?
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 45.0083. 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 neutral.