Bullish Case: Acquisition of Gavreto rights and bullish AI forecast imply short-term momentum. Revenue growth outpacing industry suggests market confidence and near-term gains potential.


Bearish Case: Institutional sell-off and mean reversion signal caution. Historical declines and recent underperformance advocate for a defensive position in the longer term.


Potential Outcomes:

1. Successful Gavreto launch: 35% - potential revenue spike.

2. Institutional sell-off continuation: 25% - stock pressure.

3. Unexpected biotech sector events: 5% - volatility.


Trading Oracle: Sign Up to access trading oracle trade ideas.


April 17, 2024


Rigel Pharmaceuticals Forecast

RIGL        Rigel Pharmaceuticals
Price Forecast: BULLISH    Price Action: MEAN REVERTING (?)











Correlated Stock Forecasts

Assets that tend to move strongly with RIGL



RARE Forecast + Options Trading Strategies   RARE  Ultragenyx Pharmaceutical (0.82)


DOCN Forecast + Options Trading Strategies   DOCN  DigitalOcean (0.8)


XBI Forecast + Options Trading Strategies   XBI  SPDR Biotech (0.79)


MGNI Forecast + Options Trading Strategies   MGNI  Magnite (0.79)


TXN Forecast + Options Trading Strategies   TXN  Texas Instruments (0.77)



Uncorrelated Stock Forecasts

Assets with little price relationship to RIGL



JOE Forecast + Options Trading Strategies   JOE  St. Joe (-0.0)


GWRE Forecast + Options Trading Strategies   GWRE  Guidewire Software (0.0)


WRAP Forecast + Options Trading Strategies   WRAP  Wrap (0.0)


DELL Forecast + Options Trading Strategies   DELL  Dell (-0.0)


WRK Forecast + Options Trading Strategies   WRK  WestRock (-0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against RIGL



YY Forecast + Options Trading Strategies   YY  JOYY (-0.64)


ARLP Forecast + Options Trading Strategies   ARLP  Alliance Resource (-0.65)


UUP Forecast + Options Trading Strategies   UUP  Invesco DB US Dollar Index Bullish (-0.65)


TYO Forecast + Options Trading Strategies   TYO  Direxion Daily 7-10 Year Treasury Bear 3X Shares (-0.67)


TBT Forecast + Options Trading Strategies   TBT  PowerShares UltraShort Lehman 20+ Yea (-0.7)





Become a more profitable investor with AI optimized trading strategies






×

Chat with RIGL


 Ask me any question!