RIGEL PHARMACEUTICALS INC (RIGL) Stock Technical Analysis
NASDAQ:RIGL - Nasdaq - US7665597024 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to RIGL. 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 18.14 - 21.51 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been consolidating recently, but much resistance may still be present above.
Looking at the yearly performance, RIGL did better than 92% 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 558 other stocks in this industry. RIGL outperforms 87% of them.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
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.
Although the technical rating is only medium, RIGL does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 18.93. Right above this resistance zone may be a good entry point.
More info and screens
16.10
21.70
5 important support areas can be observed.
- Support @18.60 from a trend line in the daily time frame.
- Support @18.26 from a horizontal line in the daily time frame.
- Support @17.80 from a trend line in the daily time frame.
- Support @17.14 from a trend line in the weekly 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.
We can see 4 important resistance areas.
- A resistance zone ranging from 18.93 to 19.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @20.13 from a trend line in the weekly time frame.
- A resistance zone ranging from 20.74 to 20.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @21.49 from a horizontal 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 | 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 | 92.75 | POSITIVE | RIGL has a high relative strength, it outperformed 92.75% 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 | MIXED | The current price of RIGL is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.74 | NEUTRAL | The RSI value for RIGL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests RIGL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 54.75 | NEUTRAL | The Stochastics value for RIGL is a neutral value. |
| Average True Range in percent/ATR (20) | 4.61 | MEDIUM VOLATILITY | The ATR as a percentage value for RIGL suggests some volalility. |
| Average Directional Index/ADX (14) | 14.7 | 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)
18.9
-0.45 (-2.33%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-2.33%
1 Week2.61%
2 Weeks0.91%
1 Month-7.89%
3 Month12.17%
6 Month-6.11%
12 Month95.65%
2 Year36.96%
3 Year58.82%
5 Year-17.83%
10 Year-36.58%
15 Year-76.67%
Volatility
ATR(14)0.84
ATR(20)%4.61%
ATR Inc-21.26%
Range Today0.69
ADR(20)0.86
ADR(20)%4.54%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.75
Mansfield-0.28
10 Day High19.61
10 Day Low18.24
20 Day High21.51
20 Day Low18.14
52 Week High29.82
52 Week Low8.61
CS1 End18.6
CR1 Start18.93
Volume & EV
DER(3)0.65%
DER(5)1.11%
Volume155.70K
Volume Incr-6.28%
Vol(5)191.86K
Vol(50)217.74K