The Greedy Trader Weekly Analysis
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Archive
- 7/13/2018
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Gilead Sciences
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Summary:
Weekly :Overbought sectorBroken trend support lineWeekly  MACD line has moved above its signal line
Daily :Williams' Percentage Range and Lane's Stochastic are strongly overboughtStochastic has declined below the signal line
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It was a second consecutive positive week for the Gilead Sciences (GILD). During the week, the GILD gained 2.17 points, or 2.89%, and closed at 77.38 on Friday, July 13, 2018. Weekly volume was -11% below 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 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 (79.93) 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 uptrend had started on May 3, 2018 at 64.27 and reached 78.17 on July 12, 2018. GILD gained -13.90 points, or -21.63%, in 10 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 70.37 and resistance is at 79.46. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

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

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 June 27, 2018 at 68.60 and reached 78.17 on July 12, 2018. GILD gained -9.57 points, or -13.95%, in 15 days. The price is now at the 8.25% retracement level.

Daily Technical Indicators: [See GILD daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. 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 daily MACD line is above its signal line since July 2, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 73.88
Williams' Percentage Range (W%R) 7.70
Strong Overbought
Lane's Stochastic (%D-Slow) 90.31
Strong Overbought
Greed/Fear Indicator (GFI) 85.50
Overbought
Moving Average Converg./Diverg. (MACD) 1.18
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.85
Williams' Percentage Range (W%R) 28.80
Lane's Stochastic (%D-Slow) 70.38
Greed/Fear Indicator (GFI) 64.47
Moving Average Converg./Diverg. (MACD) -1.59
Trading Signals
Description Value Chart
Yearly Trendline Support 79.93
Monthly Trendline Resistance 79.46
Upper Bollinger Band 78.98
Daily Stochastic Crossing 77.43
Price 77.38
Weekly Stochastic Crossing 75.05
Parabolic System 73.32
20 Day Moving Average 72.53
Monthly Trendline Support 70.37
50 Day Moving Average 69.94
Lower Bollinger Band 67.65
Sector and Industry
Description Name Rank
Sector Healthcare 9
Industry Biotechnology 128
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 68.60
Low Date 06/27/2018
High 78.17
High Date 07/12/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 68.16
Low Date 06/19/2018
High 78.17
High Date 07/12/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 79.46
Support 70.37
Low 64.27
Low Date 05/03/2018
High 78.17
High Date 07/12/2018
Quarterly Trend
Yearly Trend
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
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 93.42
Support 79.93
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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