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.

Archive
- 7/10/2026 -
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Gilead Sciences (GILD) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend support line
Daily :The price has fallen below the Parabolic SARPrice has crossed below the 50 Day Moving AverageTrend resistance at 130.00The price is close to the moving average in the center of the Bollinger Bands
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It was the negative week for the Gilead Sciences (GILD). During the week, the GILD dropped -1.44 points, or -1.10%, and closed at 129.83 on Friday, July 10, 2026. Weekly volume was 15% above 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 trend support level is at 65.06 and resistance is at 147.92. 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern 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 uptrend support line (139.84) is broken. A broken support is considered to be a long-term bearish signal. 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 technical indicators are neutral.

The weekly MACD line is below its signal line since March 27, 2026. 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 10, 2026 at 121.39 and reached 137.70 on July 8, 2026. GILD gained -16.31 points, or -13.44%, in 28 days. The chart has formed a Rising Channel chart pattern. The price is near the trend resistance line (130.00). 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 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 June 25, 2026. This is an indication that the short-term trend is up.

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

During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.49
Williams' Percentage Range (W%R) 23.10
Lane's Stochastic (%D-Slow) 73.96
Greed/Fear Indicator (GFI) 70.44
Moving Average Converg./Diverg. (MACD) -0.03
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 36.68
Williams' Percentage Range (W%R) 63.50
Lane's Stochastic (%D-Slow) 31.99
Greed/Fear Indicator (GFI) 37.81
Moving Average Converg./Diverg. (MACD) 1.33
Trading Signals
Description Value Chart
Yearly Trendline Resistance 147.92
Quarterly Trendline Support 139.84
Parabolic System 137.84
Upper Bollinger Band 137.20
Daily Stochastic Crossing 134.50
Weekly Trendline Resistance 130.00
50 Day Moving Average 129.85
Price 129.83
20 Day Moving Average 127.77
Weekly Stochastic Crossing 127.55
Weekly Trendline Support 124.64
Monthly Trendline Resistance 123.76
Lower Bollinger Band 121.81
Monthly Trendline Support 116.11
Sector and Industry
Description Name Rank
Sector Health Care 10
Industry Biotechnology 78
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 137.70
High Date 07/08/2026
Low 129.27
Low Date 07/10/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Resistance
Resistance 130.00
Support 124.64
Low 121.39
Low Date 06/10/2026
High 137.70
High Date 07/08/2026
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 123.76
Support 116.11
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 Broken Support
Resistance 171.42
Support 139.84
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 Valid
Resistance 147.92
Support 65.06
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.