The Greedy Trader Weekly Analysis
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Weekly RSI:< 20
Number of records: 1
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Relative Strength Index (RSI Indicator)
The Relative Strength Index is a popular momentum oscillator, developed by Welles Wilder, Jr. It is one of the most widely used technical indicators. Relative Strength Index compares upward vs. downward movements in closing over a selected period. The RSI Indicator fluctuates from 0% to 100%. A stock with RSI Indicator higher than 70% is considered overbought and lower than 30% - oversold. A good rule is to adjust overbought/oversold index range to 80% in bull and to 20% in bear markets. Relative Strength Index can provide an early warning, but not the final signal. It should be used in conjunction with other stock picking techniques. The divergence between RSI Indicator and underlying stock price is the most important signal provided by RSI, and it can be an indication of an impending reversal. Using the RSI divergence (bullish and bearish), chart patterns, trendlines, support, and resistance lines along with the RSI Indicator chart can be very useful.
Relative strength index- rsi indicator and overbought oversold index.
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RSI divergence - Bullish Bearish.
rsi divergence,Bullish,Bearish,bullish stocks,Bullish Divergence,Bearish Divergence,stock market

Gilead Sciences (GILD)

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Summary:
Weekly :Broken trend support lineOversold industryWilliams' Percentage Range is oversoldStochastic signal line moved above oversold areaPrice is near the trend low.
Daily :Trend support at 60.05The price has declined below the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was the negative week for the Gilead Sciences (GILD). During the week, the GILD gave back -0.47 points, or -0.78%, and closed at 60.11 on Friday, November 20, 2020. Weekly volume was -42% below average.

GILD is a member of Biotechnology Industry. Biotechnology is the third 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 26, 2018 at 60.32 and reached 85.97 on March 19, 2020. GILD gained -25.65 points, or -42.52%, in 64 weeks. Price is near the lowest trend level.

Medium-term trend: [See GILD medium-term trend chart]
A medium-term downtrend had started on March 19, 2020 at 85.97 and reached 57.04 on October 29, 2020. GILD lost 28.93 points, or 33.65%, in 32 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend support line (79.19) is broken. Usually a broken support is considered to be a long-term bearish signal, although a short-term pull back is possible. 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 medium-term trend.

Weekly Technical Indicators: [See GILD weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range. During the last week, weekly 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is below its signal line since May 29, 2020. 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 uptrend had started on October 29, 2020 at 57.04 and reached 61.64 on November 18, 2020. GILD gained -4.60 points, or -8.06%, in 20 days. The chart has formed a Rising Wedge chart pattern. The price is near the trend support (60.05) 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 short-term trend.

Daily Technical Indicators: [See GILD daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since November 4, 2020. This is an indication that the short-term trend is up.

During the last week, the price has declined below 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) 62.23
Williams' Percentage Range (W%R) 44.30
Lane's Stochastic (%D-Slow) 75.90
Greed/Fear Indicator (GFI) 64.59
Moving Average Converg./Diverg. (MACD) -0.57
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 26.81
Williams' Percentage Range (W%R) 88.30
Oversold
Lane's Stochastic (%D-Slow) 21.31
Greed/Fear Indicator (GFI) 25.22
Moving Average Converg./Diverg. (MACD) -2.63
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 71.29
Upper Bollinger Band 62.22
50 Day Moving Average 61.79
Weekly Trendline Resistance 61.70
Daily Stochastic Crossing 60.90
Price 60.11
Weekly Trendline Support 60.05
20 Day Moving Average 59.77
Parabolic System 59.27
Weekly Stochastic Crossing 58.99
Lower Bollinger Band 58.68
Sector and Industry
Description Name Rank
Sector Health Care 4
Industry Biotechnology 3
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 61.64
High Date 11/18/2020
Low 59.48
Low Date 11/20/2020
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Test Support
Resistance 61.70
Support 60.05
Low 57.04
Low Date 10/29/2020
High 61.64
High Date 11/18/2020
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 85.79
High Date 04/17/2020
Low 57.04
Low Date 10/29/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 71.29
Support 79.19
High 85.97
High Date 03/19/2020
Low 57.04
Low Date 10/29/2020
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 60.32
Low Date 12/26/2018
High 85.97
High Date 03/19/2020
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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