The Greedy Trader Weekly Analysis
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Archive
- 5/11/2018
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Gilead Sciences
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Summary:
Weekly :Broken trend support line - Downtrend exhaustionLane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldBroken trend support line
Daily :Lane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldPrice is near the Fibonacci 23.6% retracement levelThe period of high volatility of the stock price
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It was a first positive week for the Gilead Sciences (GILD). During the week, the GILD gained 0.74 points, or 1.13%, and closed at 66.16 on Friday, May 11, 2018. Weekly volume was 12% above average.

Long-term trend: [See GILD long-term trend chart]
A long-term uptrend had started on June 16, 2017 at 63.76 and reached 89.54 on January 29, 2018. GILD gained -25.78 points, or -40.43%, in 32 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (77.36) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. GILD may retest the broken support line. It is considered to be a resistance line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a long-term trend.

Medium-term trend: [See GILD medium-term trend chart]
A medium-term downtrend had started on January 29, 2018 at 89.54 and reached 64.27 on May 3, 2018. GILD lost 25.27 points, or 28.22%, in 13 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend support line (68.33) is broken, while daily and weekly technical indicators are oversold. Downtrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.

Weekly Technical Indicators: [See GILD weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is below its signal line since March 16, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term downtrend is strong. Use the following link to access a MACD help.

Short-term trend: [See GILD short-term trend chart]
A short-term uptrend had started on May 3, 2018 at 64.27 and reached 66.75 on May 11, 2018. GILD gained -2.48 points, or -3.86%, in 8 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See GILD daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range.

The daily MACD line is below its signal line since April 27, 2018.

The distance between the Bollinger Bands is 139.25% higher then one year average. It indicates the period of high volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 22.99
Williams' Percentage Range (W%R) 91.90
Strong Oversold
Lane's Stochastic (%D-Slow) 12.59
Oversold
Greed/Fear Indicator (GFI) 14.54
Oversold
Moving Average Converg./Diverg. (MACD) -2.30
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 26.64
Williams' Percentage Range (W%R) 96.20
Strong Oversold
Lane's Stochastic (%D-Slow) 15.52
Oversold
Greed/Fear Indicator (GFI) 18.61
Oversold
Moving Average Converg./Diverg. (MACD) -0.02
Trading Signals
Description Value Chart
Upper Bollinger Band 77.93
Yearly Trendline Support 77.36
50 Day Moving Average 74.28
Quarterly Trendline Resistance 71.21
20 Day Moving Average 70.57
Parabolic System 69.03
Quarterly Trendline Support 68.33
Weekly Stochastic Crossing 66.53
Price 66.16
Daily Stochastic Crossing 64.91
Lower Bollinger Band 61.33
Sector and Industry
Description Name Rank
Sector Healthcare 4
Industry Biotechnology 35
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 64.27
Low Date 05/03/2018
High 66.75
High Date 05/11/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 64.27
Low Date 05/03/2018
High 66.75
High Date 05/11/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 76.25
High Date 04/12/2018
Low 64.27
Low Date 05/03/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Support
Resistance 71.21
Support 68.33
High 89.54
High Date 01/29/2018
Low 64.27
Low Date 05/03/2018
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 91.97
Support 77.36
Low 63.76
Low Date 06/16/2017
High 89.54
High Date 01/29/2018
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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