The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

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- 8/21/2026 -
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Gilead Sciences (GILD) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is overboughtWeekly  MACD line has moved above its signal lineTrend resistance at 149.88Trend support at 144.33
Daily :Lane's Stochastic is overboughtStochastic has declined below the signal line
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It was a fourth consecutive positive week for the Gilead Sciences (GILD). During the week, the GILD gained 7.76 points, or 5.61%, and closed at 146.12 on Friday, August 21, 2026. Weekly volume was -18% below average.

GILD is a member of Health Care Sector. Health Care 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 December 30, 2020 at 56.56 and reached 157.29 on February 11, 2026. GILD gained -100.73 points, or -178.09%, in 267 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (149.88). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line 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 157.29 on February 11, 2026. GILD gained -95.22 points, or -153.41%, in 88 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend support (144.33) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a medium-term trend.

Weekly Technical Indicators: [See GILD weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. 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 Williams' Percentage Range help.

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 July 23, 2026 at 127.61 and reached 148.97 on August 19, 2026. GILD gained -21.36 points, or -16.74%, in 27 days. The chart has formed a Rising Channel chart pattern.

Daily Technical Indicators: [See GILD daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily 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. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since August 7, 2026. 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) 73.12
Williams' Percentage Range (W%R) 21.50
Lane's Stochastic (%D-Slow) 87.08
Overbought
Greed/Fear Indicator (GFI) 79.57
Moving Average Converg./Diverg. (MACD) 2.34
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.31
Williams' Percentage Range (W%R) 16.10
Overbought
Lane's Stochastic (%D-Slow) 65.66
Greed/Fear Indicator (GFI) 68.21
Moving Average Converg./Diverg. (MACD) 0.54
Trading Signals
Description Value Chart
Yearly Trendline Resistance 149.88
Upper Bollinger Band 148.02
Daily Stochastic Crossing 146.65
Price 146.12
Quarterly Trendline Support 144.33
Weekly Stochastic Crossing 141.49
Parabolic System 138.64
20 Day Moving Average 136.10
50 Day Moving Average 131.90
Lower Bollinger Band 127.03
Sector and Industry
Description Name Rank
Sector Health Care 11
Industry Biotechnology 119
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Low 127.61
Low Date 07/23/2026
High 148.97
High Date 08/19/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 121.39
Low Date 06/10/2026
High 148.97
High Date 08/19/2026
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 114.03
Support 108.75
High 157.29
High Date 02/11/2026
Low 121.39
Low Date 06/10/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 175.91
Support 144.33
Low 62.07
Low Date 05/31/2024
High 157.29
High Date 02/11/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 149.88
Support 65.26
Low 56.56
Low Date 12/30/2020
High 157.29
High Date 02/11/2026
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.