RIGEL PHARMACEUTICALS INC (RIGL) Stock Technical Analysis
USA - NASDAQ:RIGL - US7665597024 - Common Stock
34.72 USD
-0.39 (-1.11%)
34.51 USD
-0.21 (-0.6%)
We assign a technical rating of 8 out of 10 to RIGL. In the last year, RIGL was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month RIGL has a been trading in the 33.92 - 43.72 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.
Looking at the yearly performance, RIGL did better than 96% 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 540 other stocks in this industry. RIGL outperforms 94% of them.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
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 RIGL has an excellent technical rating, it does not present a decent entry opportunity 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
16.09
38.71
6 important support areas can be observed.
- A support zone ranging from 34.21 to 34.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 20.32 to 20.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @18.95 from a horizontal line in the daily time frame.
- Support @18.26 from a horizontal line in the daily time frame.
- Support @17.44 from a trend line in the weekly time frame.
- Support @16.25 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 37.97 to 38.33. This zone is formed by a combination of multiple trend lines and important moving averages 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 | DOWN | NEGATIVE | The short term trend for RIGL is down. |
| ChartMill Relative Strength | 96.74 | POSITIVE | RIGL has a high relative strength, it outperformed 96.74% 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 | POSITIVE | The current price of RIGL is above 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) | 45.87 | NEUTRAL | The RSI value for RIGL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.1 | NEGATIVE | The MACD value suggests RIGL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 8.59 | OVERSOLD | The low Stochastics value suggests RIGL may be oversold. |
| Average True Range in percent/ATR (20) | 6.13 | HIGH VOLATILITY | The high ATR as a percentage value for RIGL suggests high volalility. |
| Average Directional Index/ADX (14) | 33.93 | POSITIVE | The high ADX value value for RIGL suggests a strong 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)
34.72
-0.39 (-1.11%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-1.11%
1 Week-8.54%
2 Weeks-16.01%
1 Month-17.31%
3 Month83.41%
6 Month71.88%
12 Month152.33%
2 Year221.48%
3 Year194.24%
5 Year44.67%
10 Year40.57%
15 Year-58.72%
Volatility
ATR(14)2.11
ATR(20)%6.13%
ATR Inc-45.21%
Range Today1.09
ADR(20)2.13
ADR(20)%6.13%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.74
Mansfield4.3
10 Day High42.65
10 Day Low33.92
20 Day High43.72
20 Day Low33.92
52 Week High43.72
52 Week Low13.57
CS1 End34.71
CR1 Start37.97
Volume & EV
DER(3)-2.78%
DER(5)-4.19%
Volume1.17M
Volume Incr-8.28%
Vol(5)704.66K
Vol(50)640.10K