RIGEL PHARMACEUTICALS INC (RIGL) Technical Analysis
NASDAQ:RIGL • US7665597024
We assign a technical rating of 0 out of 10 to RIGL. RIGL's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 65% of all other stocks performed better in the past year than RIGL.
- In the last month RIGL has a been trading in the 26.53 - 36.95 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- RIGL is an average performer in the Biotechnology industry, it outperforms 47% of 519 stocks in the same industry.
- 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.
The technical rating of RIGL is bad and it also does not present a quality setup 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
25.48
When analyzing the support we notice one important area.
- Support @25.74 from a trend line in the weekly time frame.
We found 1 important resistance area.
- Resistance @40.63 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 | DOWN | NEGATIVE | The long term trend for RIGL is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RIGL is down. |
| ChartMill Relative Strength | 35.84 | NEUTRAL | RIGL is not amongst the best or worst performers 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 | MIXED | The current price of RIGL is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 23.56 | OVERSOLD | The low RSI value suggests RIGL may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.6 | NEGATIVE | The MACD value suggests RIGL has a negative trend. |
| Stochastics (14,3) | 2.93 | OVERSOLD | The low Stochastics value suggests RIGL may be oversold. |
| Average True Range in percent/ATR (20) | 6.43 | HIGH VOLATILITY | The high ATR as a percentage value for RIGL suggests high volalility. |
| Average Directional Index/ADX (14) | 29.76 | POSITIVE | The high ADX value value for RIGL suggests a strong trend. |
RIGL Technicals: Chart, Performance Metrics, Trend & Indicators
26.6
-0.65 (-2.39%)
RIGEL PHARMACEUTICALS INC / RIGL FAQ
What is the ChartMill technical rating of RIGEL PHARMACEUTICALS INC (RIGL) stock?
ChartMill assigns a technical rating of 0 / 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 23.5562. This indicates that the stock is currently oversold.
Can you provide the short term momentum for RIGEL PHARMACEUTICALS INC?
The short term momentum for RIGEL PHARMACEUTICALS INC (RIGL) is negative.
What is the buy/sell signal for RIGEL PHARMACEUTICALS INC (RIGL) stock?
The buy/sell signal for RIGEL PHARMACEUTICALS INC (RIGL) is sell as both the short term and long term trends are negative.