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.

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- 5/22/2026 -
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Gilead Sciences (GILD) Technical Analysis

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Summary:
Weekly :Oversold sectorLane's Stochastic is oversoldStochastic has raised above the signal lineTrend support at 135.05
Daily :The price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week for the Gilead Sciences (GILD). During the week, the GILD gained 4.78 points, or 3.69%, and closed at 134.36 on Friday, May 22, 2026. Weekly volume was -24% below average.

GILD is a member of Health Care Sector. Health Care is the 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 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 64.85 and resistance is at 145.84. 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 price is near the trend support (135.05) 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 medium-term trend.

Weekly Technical Indicators: [See GILD weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). 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 link to access Lane's Stochastic help.

The weekly MACD line is below its signal line since March 27, 2026. The distance between MACD and the signal line is relatively high and getting bigger. 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 April 27, 2026 at 127.64 and reached 137.50 on May 12, 2026. GILD gained -9.86 points, or -7.72%, in 15 days. The price is now at the 31.85% retracement level.

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

The daily MACD line is above its signal line since May 4, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

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.

During the last week, the price has moved above 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) 53.68
Williams' Percentage Range (W%R) 60.10
Lane's Stochastic (%D-Slow) 29.28
Greed/Fear Indicator (GFI) 40.94
Moving Average Converg./Diverg. (MACD) -1.52
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 27.45
Williams' Percentage Range (W%R) 63.60
Lane's Stochastic (%D-Slow) 17.48
Oversold
Greed/Fear Indicator (GFI) 32.93
Moving Average Converg./Diverg. (MACD) 4.78
Trading Signals
Description Value Chart
Yearly Trendline Resistance 145.84
Upper Bollinger Band 137.07
50 Day Moving Average 135.86
Quarterly Trendline Support 135.05
Price 134.36
Monthly Trendline Resistance 132.38
20 Day Moving Average 131.75
Weekly Stochastic Crossing 130.72
Daily Stochastic Crossing 130.67
Lower Bollinger Band 128.27
Parabolic System 128.21
Monthly Trendline Support 120.67
Sector and Industry
Description Name Rank
Sector Health Care 1
Industry Biotechnology 49
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 137.50
High Date 05/12/2026
Low 128.34
Low Date 05/19/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 127.64
Low Date 04/27/2026
High 137.50
High Date 05/12/2026
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 132.38
Support 120.67
High 157.29
High Date 02/11/2026
Low 127.64
Low Date 04/27/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 166.63
Support 135.05
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 145.84
Support 64.85
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.