GILEAD SCIENCES INC (GILD) Stock Technical Analysis
USA - NASDAQ:GILD - US3755581036 - Common Stock
Taking everything into account, GILD scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, GILD has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, GILD also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 120.44, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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3 important support areas can be observed.
- A support zone ranging from 120.13 to 120.44. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 110.56 to 114.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 107.66 to 108.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 122.81 to 124.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for GILD is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GILD is up. |
| ChartMill Relative Strength | 79.19 | POSITIVE | GILD has a high relative strength, it outperformed 79.19% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GILD is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GILD is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GILD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.81 | NEUTRAL | The RSI value for GILD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests GILD has a positive trend. |
| Stochastics (14,3) | 80.48 | OVERBOUGHT | The high Stochastics value suggests GILD may be overbought. |
| Average True Range in percent/ATR (20) | 2.58 | MEDIUM VOLATILITY | The ATR as a percentage value for GILD suggests some volalility. |
| Average Directional Index/ADX (14) | 20.02 | NEUTRAL | The ADX value for GILD suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 124.09 | 120.12 | 3.97 (3.20%) | 25.00% |
| An entry @124.09. This is a Buy Stop order right above the resistance zone. | An exit @120.12. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.97 points, which is 3.20%. | For a 0.80% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of GILD. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
122.58
-0.42 (-0.34%)
GILEAD SCIENCES INC / GILD FAQ
What is the ChartMill technical rating of GILEAD SCIENCES INC (GILD) stock?
ChartMill assigns a technical rating of 9 / 10 to GILD.
What is the current trend direction of GILEAD SCIENCES INC (GILD) stock?
The current trend direction for GILEAD SCIENCES INC (GILD) is Bullish.
Can you provide the RSI signal for GILEAD SCIENCES INC?
GILEAD SCIENCES INC (GILD) has an RSI value of 61.811. This indicates that the stock is currently neutral.
Can you provide the MACD signal for GILEAD SCIENCES INC?
The MACD indicator for GILEAD SCIENCES INC (GILD) has a value of 0.0531315, indicating a bearish trend.
What is the short term momentum for GILD stock?
The short term momentum for GILEAD SCIENCES INC (GILD) is positive.