Rigel Pharma Technical Analysis (NASDAQ:RIGL)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. Just by looking at the Rigel Pharma stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the RIGL stock chart which creates a trading signal.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for Rigel Pharma. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Rigel Pharma stock analysis.
Rigel Pharma Moving Average
Moving averages show the RIGL stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $3.16 is below the price of $3.52.
Rigel Pharma Bollinger Bands
Bollinger bands comprise of a center line usually RIGL SMA, and two RIGL stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Rigel Pharma bollinger bands show that the stock price is $3.52, upper band is 3.63, lower band is 2.7, and the average is 3.16.
Rigel Pharma Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Rigel Pharma MACD indicator can be used to identify bullish and bearish trends for the stock.
Rigel Pharma Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . 62.62 is the RSI value of RIGL stock.