The Greedy Trader Weekly Analysis
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Archive
- 3/15/2019
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Gilead Sciences
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Summary:
Weekly :Oversold sector
Daily :Stochastic signal line moved above oversold areaDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week for the Gilead Sciences (GILD). During the week, the GILD gained 2.40 points, or 3.80%, and closed at 65.63 on Friday, March 15, 2019. It was the best weekly gain since January 4, 2019. GILD was trading at average weekly trading volume.

GILD is a member of Healthcare Sector. Healthcare is the second most oversold 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 downtrend had started on October 3, 2018 at 79.61 and reached 60.32 on December 26, 2018. GILD lost 19.29 points, or 24.23%, in 12 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 62.21 and resistance is at 68.87. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a long-term trend.

Medium-term trend: [See GILD medium-term trend chart]
A medium-term downtrend had started on February 1, 2019 at 70.50 and reached 61.96 on March 7, 2019. GILD lost 8.54 points, or 12.11%, in 4 weeks. The price is now at the 42.97% retracement level.

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

The weekly MACD line is below its signal line since February 22, 2019. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. 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 March 7, 2019 at 61.96 and reached 65.95 on March 13, 2019. GILD gained -3.99 points, or -6.44%, in 6 days. The price is now at the 8.02% retracement level.

Daily Technical Indicators: [See GILD daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish 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 link to access Lane's Stochastic help.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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 moved above 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) 51.35
Williams' Percentage Range (W%R) 52.30
Lane's Stochastic (%D-Slow) 71.03
Greed/Fear Indicator (GFI) 56.69
Moving Average Converg./Diverg. (MACD) -0.77
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 45.00
Williams' Percentage Range (W%R) 69.50
Lane's Stochastic (%D-Slow) 46.27
Greed/Fear Indicator (GFI) 42.41
Moving Average Converg./Diverg. (MACD) -1.78
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 68.87
Upper Bollinger Band 67.79
50 Day Moving Average 66.93
Weekly Stochastic Crossing 65.64
Price 65.63
20 Day Moving Average 65.19
Daily Stochastic Crossing 64.98
Lower Bollinger Band 62.81
Quarterly Trendline Support 62.21
Parabolic System 62.06
Sector and Industry
Description Name Rank
Sector Healthcare 2
Industry Biotechnology 34
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 63.07
Low Date 03/11/2019
High 65.95
High Date 03/13/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 61.96
Low Date 03/07/2019
High 65.95
High Date 03/13/2019
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 70.50
High Date 02/01/2019
Low 61.96
Low Date 03/07/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 68.87
Support 62.21
High 79.61
High Date 10/03/2018
Low 60.32
Low Date 12/26/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 89.54
High Date 01/29/2018
Low 60.32
Low Date 12/26/2018
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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