The Greedy Trader Weekly Analysis
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Archive
- 12/7/2018
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Gilead Sciences
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Summary:
Weekly :Overbought sectorBroken trend support lineBroken trend resistance line
Daily :The price has fallen below the Parabolic SARThe price has declined below the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was the negative week for the Gilead Sciences (GILD). During the week, the GILD dropped -3.79 points, or -5.27%, and closed at 68.15 on Friday, December 07, 2018. It was the worst weekly loss since August 17, 2018. Weekly volume was 23% above average.

GILD is a member of Healthcare Sector. Healthcare is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See GILD long-term trend chart]
A long-term uptrend had started on May 3, 2018 at 64.27 and reached 79.61 on October 3, 2018. GILD gained -15.34 points, or -23.87%, in 21 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (76.66) is broken. A broken support is considered to be a long-term bearish signal. 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 October 3, 2018 at 79.61 and reached 65.81 on November 27, 2018. GILD lost 13.80 points, or 17.33%, in 7 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (65.58) is broken. A broken support is considered to be a long-term bullish signal. 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 resistance line in a medium-term trend.

Weekly Technical Indicators: [See GILD weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since October 19, 2018. This is an indication that the medium-term trend is down. 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 November 27, 2018 at 65.81 and reached 72.90 on December 3, 2018. GILD gained -7.09 points, or -10.77%, in 6 days. The price is now at the 67.00% retracement level.

Daily Technical Indicators: [See GILD daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since November 28, 2018. This is an indication that the short-term trend is up.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. 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) 44.01
Williams' Percentage Range (W%R) 44.00
Lane's Stochastic (%D-Slow) 62.94
Greed/Fear Indicator (GFI) 54.31
Moving Average Converg./Diverg. (MACD) -0.75
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 38.06
Williams' Percentage Range (W%R) 71.20
Lane's Stochastic (%D-Slow) 24.85
Greed/Fear Indicator (GFI) 32.95
Moving Average Converg./Diverg. (MACD) -0.65
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 80.14
Quarterly Trendline Support 76.66
Upper Bollinger Band 72.94
50 Day Moving Average 71.77
Daily Stochastic Crossing 69.69
20 Day Moving Average 69.34
Parabolic System 68.37
Weekly Stochastic Crossing 68.32
Price 68.15
Monthly Trendline Resistance 67.35
Lower Bollinger Band 66.29
Monthly Trendline Support 65.58
Sector and Industry
Description Name Rank
Sector Healthcare 9
Industry Biotechnology 88
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 72.90
High Date 12/03/2018
Low 67.89
Low Date 12/07/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 65.81
Low Date 11/27/2018
High 72.90
High Date 12/03/2018
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 67.35
Support 65.58
High 79.61
High Date 10/03/2018
Low 65.81
Low Date 11/27/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 80.14
Support 76.66
Low 64.27
Low Date 05/03/2018
High 79.61
High Date 10/03/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 89.54
High Date 01/29/2018
Low 64.27
Low Date 05/03/2018
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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