RIGL Should I Buy
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Buy now. Despite short-term technical weakness, RIGL is sitting right on first support (~34.60) with an oversold RSI, while options positioning is strongly call-skewed and fundamentals/Street tone improved materially after strong 2025/Q3 results and raised sales guidance. For an impatient buyer, the current pullback into support offers a favorable entry versus waiting for a cleaner momentum turn.
Price/Trend: RIGL is down -2.76% today to 34.665 (slightly weaker pre-market -0.46%) while the S&P 500 is only -0.42%, so the stock is underperforming on the day. Momentum: MACD histogram is -0.419 and negatively expanding, confirming bearish momentum in the very near term. RSI: RSI_6 at 20.884 indicates oversold conditions (bounce-prone), even though momentum hasn’t turned up yet. Moving Averages: Converging moving averages suggest the trend is transitioning/indecisive rather than strongly trending higher. Key Levels: Pivot 36.399 is the near-term reclaim level. Immediate support S1 is 34.604 (price is essentially on it). Next support S2 is 33.495. Upside resistance levels are R1 38.194 and R2 39.304. Pattern-based short-horizon odds: Similar-candlestick analog suggests ~70% chance of -0.17% next day, but +4.73% next week and +8.38% next month—consistent with a short-term dip/mean-reversion setup.
Intellectia Proprietary Trading Signals
Options market is strongly bullish (very low put-call ratios; elevated volume).
Analyst tone improved: Jefferies upgraded to Buy with a large price-target lift, citing strong execution, positive cash flow, and business development potential.
Fundamentals are accelerating (2025/Q3 strong YoY growth in revenue, EPS, and net income; gross margin expanded).
No negative news flow in the last week to explain the pullback—suggesting the move may be more technical/flow-driven than thesis-breaking.
No fresh near-term news catalysts reported this week to immediately reverse momentum.
Latest quarter: 2025/Q3. Revenue: 69.462M, up 25.59% YoY (strong top-line acceleration). Net income: 27.9M, up 124.62% YoY (substantial profitability improvement). EPS: 1.46, up 108.57% YoY (earnings growth is outpacing revenue). Gross margin: 93.16%, up 8.97% YoY (continued margin strength/expansion). Overall: clear positive growth and profitability trend coming out of 2025/Q3, supporting a buy-on-pullback stance.
Recent trend: On 2025-11-05, Jefferies upgraded RIGL to Buy from Hold and raised its price target sharply to $42 (from $23), following a Q3 sales beat and higher 2025 net product sales guidance. The same day, Cantor Fitzgerald raised its price target to $38 (from $32) while maintaining a Neutral rating, pointing to strength in TAVALISSE sales and increased attention to pipeline opportunities. Wall Street pros: improving commercial execution, raised sales outlook, positive cash flow, and potential business development upside. Wall Street cons: at least one major firm remains Neutral (not unanimous conviction), implying some remaining uncertainty around sustainability/valuation/pipeline execution. Influential/political trading: No recent congress trading data available in the last 90 days (no signal from politicians based on provided data).
