RIGEL PHARMACEUTICALS INC (RIGL) Stock Technical Analysis
NASDAQ:RIGL • US7665597024
We assign a technical rating of 1 out of 10 to RIGL. RIGL has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- RIGL is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- When comparing the yearly performance of all stocks, we notice that RIGL is one of the better performing stocks in the market, outperforming 79% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- RIGL is an average performer in the Biotechnology industry, it outperforms 68% of 523 stocks in the same industry.
- 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 bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 34.14, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for RIGL in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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24.67
3 important support areas can be observed.
- A support zone ranging from 33.84 to 34.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @33.21 from a horizontal line in the daily time frame.
- Support @24.92 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 34.33 to 34.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @43.25 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 | 79.73 | POSITIVE | RIGL has a high relative strength, it outperformed 79.73% 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) | 39.04 | NEUTRAL | The RSI value for RIGL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests RIGL has a positive trend. |
| Stochastics (14,3) | 30.2 | NEUTRAL | The Stochastics value for RIGL is a neutral value. |
| Average True Range in percent/ATR (20) | 4.35 | MEDIUM VOLATILITY | The ATR as a percentage value for RIGL suggests some volalility. |
| Average Directional Index/ADX (14) | 22.64 | NEUTRAL | The ADX value for RIGL suggests a possible start of a new trend. |
34.32
+0.1 (+0.29%)
RIGEL PHARMACEUTICALS INC / RIGL FAQ
What is the ChartMill technical rating of RIGEL PHARMACEUTICALS INC (RIGL) stock?
ChartMill assigns a technical rating of 1 / 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 39.0447. 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.