RIGEL PHARMACEUTICALS INC (RIGL) Stock Technical Analysis
USA - NASDAQ:RIGL - US7665597024 - Common Stock
Taking everything into account, RIGL scores 7 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, RIGL is showing a nice and steady performance.
Although RIGL has an excellent technical rating, it does not offer a high 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
18.08
When analyzing the support we can see 5 important areas.
- A support zone ranging from 30.05 to 30.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @28.76 from a trend line in the daily time frame.
- Support @22.07 from a trend line in the weekly time frame.
- Support @21.61 from a trend line in the daily time frame.
- Support @18.26 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- Resistance @37.86 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 | UP | POSITIVE | The long term trend for RIGL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RIGL is up. |
| ChartMill Relative Strength | 90.13 | POSITIVE | RIGL has a high relative strength, it outperformed 90.13% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RIGL is above the rising 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) | 60.3 | NEUTRAL | The RSI value for RIGL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.87 | POSITIVE | The MACD value suggests RIGL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 72.69 | NEUTRAL | The Stochastics value for RIGL is a neutral value. |
| Average True Range in percent/ATR (20) | 6.05 | HIGH VOLATILITY | The high ATR as a percentage value for RIGL suggests high volalility. |
| Average Directional Index/ADX (14) | 21.35 | NEUTRAL | The ADX value for RIGL suggests a possible start of a new trend. |
35.19
-0.93 (-2.57%)
RIGEL PHARMACEUTICALS INC / RIGL FAQ
What is the ChartMill technical rating of RIGEL PHARMACEUTICALS INC (RIGL) stock?
ChartMill assigns a technical rating of 7 / 10 to RIGL.
Can you provide the trend direction for RIGEL PHARMACEUTICALS INC?
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 60.3019. This indicates that the stock is currently neutral.
What is the MACD signal for RIGL stock?
The MACD indicator for RIGEL PHARMACEUTICALS INC (RIGL) has a value of 0.871077, indicating a bearish trend.
What is the buy/sell signal for RIGEL PHARMACEUTICALS INC (RIGL) stock?
The buy/sell signal for RIGEL PHARMACEUTICALS INC (RIGL) is buy as both the short term and long term trends are positive.