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- 6/7/2024 -
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Gilead Sciences (GILD) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a first positive week for the Gilead Sciences (GILD). During the week, the GILD climbed 0.43 points, or 0.67%, and closed at 64.70 on Friday, June 7, 2024. GILD was trading at average weekly trading volume.
 Long-term trend: [See GILD long-term trend chart]
A long-term uptrend had started on December 30, 2020 at 56.56 and reached 89.74 on December 13, 2022. GILD gained -33.18 points, or -58.66%, in 101 weeks. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The trend support level is at 58.00 and resistance is at 113.95. 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 Right-Angled, Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Ascending Wedge pattern in a long-term trend.
 Medium-term trend: [See GILD medium-term trend chart]
A medium-term downtrend had started on January 19, 2024 at 87.86 and reached 62.07 on May 31, 2024. GILD lost 25.79 points, or 29.35%, in 19 weeks. The price is now at the 10.20% retracement level.
 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. Weekly Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 weekly MACD line is below its signal line since February 2, 2024. 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 downtrend had started on May 14, 2024 at 68.37 and reached 62.07 on May 31, 2024. GILD lost 6.30 points, or 9.21%, in 17 days. The price is now at the 41.75% 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.
The daily MACD line is below its signal line since May 24, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
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.
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