The Greedy Trader Weekly Analysis
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Gilead Sciences (GILD)

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is overboughtMACD bearish divergence
Daily :Daily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe Bollinger Bands are historically close together
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It was a second consecutive positive week for the Gilead Sciences (GILD). During the week, the GILD climbed 0.39 points, or 0.57%, and closed at 69.02 on Friday, July 23, 2021. Weekly volume was -34% 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 downtrend had started on March 19, 2020 at 85.97 and reached 56.56 on December 30, 2020. GILD lost 29.41 points, or 34.21%, in 40 weeks. The price is now at the 42.37% retracement level.

Medium-term trend: [See GILD medium-term trend chart]
A medium-term uptrend had started on December 30, 2020 at 56.56 and reached 70.11 on May 21, 2021. GILD gained -13.55 points, or -23.96%, in 20 weeks. The price is now at the 8.04% retracement level.

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. Weekly MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with weekly MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 link to access Williams' Percentage Range help.

The weekly MACD line is above its signal line since December 31, 2020. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 June 1, 2021 at 65.12 and reached 69.77 on July 20, 2021. GILD gained -4.65 points, or -7.14%, in 49 days. The chart has formed a Ascending Triangle chart pattern. The trend support level is at 67.84 and resistance is at 69.66. An Ascending Triangle is a variation of triangle formation that has a flat resistance line and rising support line. The higher lows indicate an increasing demand and give the ascending triangle definitive bullish bias. An Ascending Triangle usually represents an accumulation stage in bullish market. An Ascending Triangle is considered to be a continuation pattern, especially in an uptrend, but it may also mark a reversal in a downtrend. Use the following link to access a Ascending Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Ascending Triangle 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.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.

The distance between the Bollinger Bands (2.78%) is close to one year low (3.23%). It is 68.18% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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) 47.59
Williams' Percentage Range (W%R) 30.80
Lane's Stochastic (%D-Slow) 58.12
Greed/Fear Indicator (GFI) 58.31
Moving Average Converg./Diverg. (MACD) 0.27
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.19
Williams' Percentage Range (W%R) 14.30
Overbought
Lane's Stochastic (%D-Slow) 68.17
Greed/Fear Indicator (GFI) 70.41
Moving Average Converg./Diverg. (MACD) 0.78 Bearish
Trading Signals
Description Value Chart
Weekly Trendline Resistance 69.66
Upper Bollinger Band 69.27
Price 69.02
Daily Stochastic Crossing 68.81
20 Day Moving Average 68.39
Weekly Stochastic Crossing 68.37
50 Day Moving Average 67.89
Weekly Trendline Support 67.84
Parabolic System 67.45
Lower Bollinger Band 67.33
Sector and Industry
Description Name Rank
Sector Health Care 11
Industry Biotechnology 73
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 65.89
Low Date 06/18/2021
High 69.77
High Date 07/20/2021
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Ascending Triangle
Status Valid
Resistance 69.66
Support 67.84
Low 65.12
Low Date 06/01/2021
High 69.77
High Date 07/20/2021
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 61.39
Low Date 02/26/2021
High 70.11
High Date 05/21/2021
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 56.56
Low Date 12/30/2020
High 70.11
High Date 05/21/2021
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 85.97
High Date 03/19/2020
Low 56.56
Low Date 12/30/2020
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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