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Advanced TA SearchArchive
- 5/3/2024 -
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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 -0.64 points, or -0.98%, and closed at 64.78 on Friday, May 3, 2024. Weekly volume was 16% above 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 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 57.96 and resistance is at 112.39. 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 64.33 on May 3, 2024. GILD lost 23.53 points, or 26.78%, in 15 weeks. Price is near the trend low.
 Weekly Technical Indicators: [See GILD weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range and Lane's Stochastic. 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. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. 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 64.33 on May 3, 2024. GILD lost 11.88 points, or 15.59%, in 53 days. The chart has formed a Falling Channel chart pattern. The trend support level is at 63.42 and resistance is at 64.95. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a short-term trend.
 Daily Technical Indicators: [See GILD daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
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