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Archive
- 12/13/2024 -
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Gilead Sciences (GILD) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the Gilead Sciences (GILD). During the week, the GILD gave back -0.27 points, or -0.29%, and closed at 91.86 on Friday, December 13, 2024. Weekly volume was -22% below average.
GILD is a member of Health Care Sector. Health Care 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 uptrend had started on December 30, 2020 at 56.56 and reached 98.90 on November 11, 2024. GILD gained -42.34 points, or -74.86%, in 201 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 62.48 and resistance is at 122.48. 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 long-term trend.
Medium-term trend: [See GILD medium-term trend chart]
A medium-term uptrend had started on May 31, 2024 at 62.07 and reached 98.90 on November 11, 2024. GILD gained -36.83 points, or -59.34%, in 23 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 89.63 and resistance is at 105.34. 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.
The weekly MACD line is above its signal line since June 21, 2024. This is an indication that the medium-term trend is up. 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 December 11, 2024 at 94.65 and reached 89.15 on December 13, 2024. GILD lost 5.50 points, or 5.81%, in 2 days. The price is now at the 49.27% retracement level.
Daily Technical Indicators: [See GILD daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since December 5, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.
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.
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