The Greedy Trader Weekly Analysis
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Yearly Price vs. Fibonacci:Near 61.8% retracement level
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Stock market trading indicator and technical analysis stock screen presents technical stock market timing signals for technical investment analysis like screen stochastic or moving average trading system.. Screen includes following popular indicators and trading systems: Relative Strength Index (RSI), Williams' Percentage Range (W%R) and Lane's Stochastic (%D–Slow), moving average, macd convergence divergence, bullish and bearish divergence. For the best result different technical indicators should be analyzed in different time frames together with trend analysis, sector/industry ranking and stock timing alerts.

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- 4/5/2024 -
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Gilead Sciences (GILD) Technical Analysis

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Summary:
Weekly :Oversold industryLane's Stochastic oversoldWilliams' Percentage Range is strongly oversold
Daily :Daily  MACD line has moved below its signal lineBroken trend support line - Downtrend exhaustionWilliams' Percentage Range and Lane's Stochastic are oversoldLane's Stochastic bullish divergence
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It was the negative week for the Gilead Sciences (GILD). During the week, the GILD dropped -3.67 points, or -5.01%, and closed at 69.58 on Friday, April 5, 2024. It was the worst weekly loss since January 26, 2024. GILD was trading at average weekly trading volume.

GILD is a member of Biotechnology Industry. Biotechnology is the seventh most oversold industry. 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 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 57.93 and resistance is at 111.09. 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 68.54 on April 5, 2024. GILD lost 19.32 points, or 21.99%, in 11 weeks. The price is now at the 5.38% 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. 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 March 11, 2024 at 76.21 and reached 68.54 on April 5, 2024. GILD lost 7.67 points, or 10.06%, in 25 days. The chart has formed a Falling Channel chart pattern. The downtrend support line (70.90) is broken, while daily and weekly technical indicators are oversold. Downtrend is exhausted and trend reversal is possible soon. 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 short-term trend.

Daily Technical Indicators: [See GILD daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. Daily 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 daily Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.

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

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 21.81
Williams' Percentage Range (W%R) 88.50
Oversold
Lane's Stochastic (%D-Slow) 14.33
Oversold Bullish
Greed/Fear Indicator (GFI) 15.87
Oversold
Moving Average Converg./Diverg. (MACD) -0.74
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 33.59
Williams' Percentage Range (W%R) 95.40
Strong Oversold
Lane's Stochastic (%D-Slow) 13.07
Oversold
Greed/Fear Indicator (GFI) 16.81
Oversold
Moving Average Converg./Diverg. (MACD) -0.72
Trading Signals
Description Value Chart
Upper Bollinger Band 75.85
50 Day Moving Average 74.02
20 Day Moving Average 73.10
Weekly Trendline Resistance 72.89
Parabolic System 71.51
Weekly Trendline Support 70.90
Weekly Stochastic Crossing 69.63
Price 69.58
Lower Bollinger Band 69.19
Daily Stochastic Crossing 69.02
Yearly Trendline Support 57.93
Sector and Industry
Description Name Rank
Sector Health Care 4
Industry Biotechnology 7
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 73.87
High Date 03/28/2024
Low 68.54
Low Date 04/05/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Support
Resistance 72.89
Support 70.90
High 76.21
High Date 03/11/2024
Low 68.54
Low Date 04/05/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 87.86
High Date 01/19/2024
Low 68.54
Low Date 04/05/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 89.74
High Date 12/13/2022
Low 68.54
Low Date 04/05/2024
Description Value
Direction Up
Chart Pattern Broadening Right-Angled, Ascending Wedge
Status Valid
Resistance 111.09
Support 57.93
Low 56.56
Low Date 12/30/2020
High 89.74
High Date 12/13/2022
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.