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**Rigel Pharmaceutical**

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[BEARISH]: Rigel Pharmaceutical current price has highlighted recent selling pressure. Currently, the Elders Force Index is -8367.

[BULLISH CROSSOVER]: Rigel Pharmaceutical currently has positive PVO 9.21%. The recent volume is gaining momentum through a rise on the short term exponential moving average. Currently, the return on PVO is 0%.

**Rigel Pharmaceutical: Volume MACD (288517)**

[BULLISH CROSSOVER]: Rigel Pharmaceutical currently has positive Volume MACD of 288517. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

**Trading for Rigel Pharmaceutical highlights the commitment of sellers to carry positions overnight.**

RIGL: Close versus price range Current Signal ->(1) 18 Jan: BEARISH (2) 17 Jan: BEARISH (3) 16 Jan: BEARISH

**[Selling Pressure]: ERI has increased for Rigel Pharmaceutical during the last trading session**

[BEARISH]: Rigel Pharmaceutical Elder Ray Index is signalling a Bearish movementERI is -0.164 indicating bear power. Prices are being driven below the consensus of value for RIGL during the last trading session [Selling Pressure]

**RIGL Basic Candle: Long Black**

[BEARISH]: Rigel Pharmaceutical has formed a Long Black candlestick. This means, RIGL has traded with strong selling pressure throughout the day adding strength to previous short term trends. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

Rigel Pharmaceutical current pivot point (DeMark) is: (R1) $2.135. The current pivot point (DeMark) is: (S1) $1.995.

[BEARISH]: Rigel Pharmaceutical currently has negative PPO -5.328%. This means the current price is losing momentum through a fall on the short term exponential moving average.

[BEARISH]: Rigel Pharmaceutical currently has negative MACD of -0.0129. This means the signal line is less than the MACD line signalling a bearish movement.

[BEARISH CROSSOVER]: Rigel Pharmaceutical currently has negative rate of change of -5.882%. This means the current price is less than the price 14 days ago and therefore losing momentum & is a leading indicator of price movement in the downward direction

Rigel Pharmaceutical current pivot point Camarilla is: $2.107. The current resistance levels are: (R1) $2.256: (R2) $2.431: (R3) $2.607: (R4) $3.134The current support levels are: (S1) $1.904: (S2) $1.729: (S3) $1.553: (S4) $1.027

**RIGL: Current trading activity signals OBV distribution is active**

[BEARISH]: Rigel Pharmaceutical current price has highlighted recent distribution. Currently, the OBV is -1.25084e+006.

**[Bearish]: WMA(15) is serving as a resistance line for Rigel Pharmaceutical**

[BEARISH]: Rigel Pharmaceutical currently has a confirmed downtrend. Recent trading has caused the WMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on WMA15 is -0.5%.

[BEARISH]: Rigel Pharmaceutical is currently Overbought highlighting the potential for a short term trend reversal in the downward direction.

[BULLISH]: Rigel Pharmaceutical currently has positive volume of change of 972%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is -0.5%.

[BEARISH]: Rigel Pharmaceutical currently has a confirmed downtrend. Recent trading has caused the EMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on EMA15 is -0.5%.

Rigel Pharmaceutical: The current Fibonacci Fan levels are: (23.61%) $3.19: (38.2%) $3.36: (50%) $3.5: (61.8%) $3.62The current support levels are: (78.6%) $3.8: (100%) $4.04: (138.2%) $4.46: (161.8%) $4.71: (261.8%) $5.8: (423.61%) $7.57

**Rigel Pharmaceutical opened in the middle part of daily range at 42.9% & closed in the lower part of the trading range at 21.4%. This suggests the sellers have taken control.**

[BEARISH]: Rigel Pharmaceutical opened in the middle part of daily range at 42.9% & closed in the lower part of the trading range at 21.4%. This suggests the sellers have taken control. Over the last 12 months there has been 3 trading days with the opening price in the middle shadow & the closing the price in the lower shadow giving a confirmation ratio of 1.1%. Over the last month there has been 3 trading days with the opening price in the middle price range & the closing the price in the lower price range giving a confirmation ratio of 23.1%.

**14-day momentum is now decreasing for Rigel Pharmaceutical**

[BEARISH CROSSOVER]: Rigel Pharmaceutical currently has negative momentum of -0.13 This means the current price is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is -0.5%.The largest downward momentum rally for the last 3 months is 1 days producing a return of 0%.

[BEARISH]: Rigel Pharmaceutical is currently Overbought highlighting the potential for a short term trend reversal in the downward direction. The current level is 19.83% with a current width of 22.78.

[BULLISH]: Rigel Pharmaceutical UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 13.652.

RIGL: Stochastic Oscillator Signal -> (1) 18 Jan: BEARISH (2) 17 Jan: BEARISH (3) 16 Jan: BULLISH CROSSOVER

**Rigel Pharmaceutical: 0.618 Fibonacci Retraction (2.41)**

Rigel Pharmaceutical: The current Fibonacci Retraction levels are: (23.61%) $2.13: (38.2%) $2.24: (50%) $2.33: (61.8%) $2.41The current support levels are: (78.6%) $2.53: (100%) $2.69: (138.2%) $2.97: (161.8%) $3.14: (261.8%) $3.87: (423.61%) $5.05

**RIGL: CMF Crossover has positive divergence between price & vol**

Rigel Pharmaceutical (NASDAQ:RIGL): Chaikin Oscillator Current Signal -> (1) 18 Jan: BEARISH CROSSOVER (2) 17 Jan: NEUTRAL (3) 16 Jan: BEARISH

**[Downtrend]: Recent trading for RIGL indicates ST trend is likely to continue**

[BEARISH]: Rigel Pharmaceutical currently has a confirmed downtrend. Recent trading has caused the SWMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SWMA15 is -0.5%.

**Rigel Pharmaceutical: Pivot Point ($2.107)**

Rigel Pharmaceutical current pivot point is: 2.107. The current resistance levels are: (R2) $2.247: (R2) $2.247: (R3) $2.304: The current support levels are: (S1) $2.024: (S2) $1.967: (S3) $1.884

[BEARISH]: Rigel Pharmaceutical current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the short trading conditions. Currently, the Lower Band is 2.223.

RIGL: Tricklar Trend Current Signal -> (1) 18 Jan: BULLISH (2) 17 Jan: BULLISH (3) 16 Jan: BULLISH

RIGL: CRD Current Signal -> (1) 18 Jan: BEARISH (2) 17 Jan: NEUTRAL (3) 16 Jan: BULLISH