GILEAD SCIENCES INC. - 1H - Technical analysis published on 06/17/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Strongly bearish
Technical indicators
33%
22%
44%
My opinion
Bearish under 76.45 USD
My targets
72.13 USD (-2.82%)
68.07 USD (-8.29%)
My analysis
With a strongly bearish trend, the price of GILEAD SCIENCES INC. is trying to inflate a little while more or less stagnating in the short term. Is the price preparing for a rebound or a bearish rally recovery? Sellers” generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 76.45 USD remains possible. It would be possible for traders to only trade short positions (for sale) on GILEAD SCIENCES INC. as long as the price remains well below 76.45 USD. The next bearish objective for sellers is set at 72.13 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 68.07 USD. In case of crossing, the next objective would be the support located at 64.88 USD.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
3.9
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GILEAD SCIENCES INC. price is 74.22 USD. On the day, this instrument lost -0.54% and was traded between 73.94 USD and 74.81 USD over the period. The price is currently at +0.38% from its lowest and -0.79% from its highest.73.94
74.81
74.22
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of GILEAD SCIENCES INC. indicates that the overall trend is strongly bearish. 82.14% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the strongly bearish trend is showing signs of running out of steam. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : Moving Average 100
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Moving Average bearish crossovers : MA50 & MA100
Type : Bearish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 64.88 | 68.07 | 72.13 | 74.22 | 74.34 | 76.45 | 79.00 |
| Change (%) | -12.58% | -8.29% | -2.82% | - | +0.16% | +3.00% | +6.44% |
| Change | -9.34 | -6.15 | -2.09 | - | +0.12 | +2.23 | +4.78 |
| Level | Major | Intermediate | Major | - | Minor | Major | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 71.70 | 72.70 | 73.66 | 74.66 | 75.62 | 76.62 | 77.58 |
| Camarilla | 74.08 | 74.26 | 74.44 | 74.62 | 74.80 | 74.98 | 75.16 |
| Woodie | 71.68 | 72.69 | 73.64 | 74.65 | 75.60 | 76.61 | 77.56 |
| Fibonacci | 72.70 | 73.45 | 73.91 | 74.66 | 75.41 | 75.87 | 76.62 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 62.90 | 67.41 | 70.30 | 74.81 | 77.70 | 82.21 | 85.10 |
| Camarilla | 71.17 | 71.84 | 72.52 | 73.20 | 73.88 | 74.56 | 75.24 |
| Woodie | 62.10 | 67.01 | 69.50 | 74.41 | 76.90 | 81.81 | 84.30 |
| Fibonacci | 67.41 | 70.23 | 71.98 | 74.81 | 77.63 | 79.38 | 82.21 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 63.37 | 67.84 | 72.83 | 77.30 | 82.29 | 86.76 | 91.75 |
| Camarilla | 75.23 | 76.10 | 76.96 | 77.83 | 78.70 | 79.56 | 80.43 |
| Woodie | 63.64 | 67.97 | 73.10 | 77.43 | 82.56 | 86.89 | 92.02 |
| Fibonacci | 67.84 | 71.45 | 73.68 | 77.30 | 80.91 | 83.14 | 86.76 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 46.73 | |
| MACD (12,26,9): | -0.0200 | |
| Directional Movement: | -2.05 | |
| AROON (14): | 35.71 | |
| DEMA (21): | 74.24 | |
| Parabolic SAR (0,02-0,02-0,2): | 75.56 | |
| Elder Ray (13): | -0.22 | |
| Super Trend (3,10): | 72.57 | |
| Zig ZAG (10): | 74.17 | |
| VORTEX (21): | 1.0700 | |
| Stochastique (14,3,5): | 43.89 | |
| TEMA (21): | 74.59 | |
| Williams %R (14): | -65.62 | |
| Chande Momentum Oscillator (20): | 0.59 | |
| Repulse (5,40,3): | -0.2700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 3.73 |
| MA7: | 74.77 | |
| MA20: | 74.97 | |
| MA50: | 76.87 | |
| MA100: | 74.03 | |
| MAexp7: | 74.45 | |
| MAexp20: | 74.35 | |
| MAexp50: | 74.73 | |
| MAexp100: | 75.09 | |
| Price / MA7: | -0.74% | |
| Price / MA20: | -1.00% | |
| Price / MA50: | -3.45% | |
| Price / MA100: | +0.26% | |
| Price / MAexp7: | -0.31% | |
| Price / MAexp20: | -0.17% | |
| Price / MAexp50: | -0.68% | |
| Price / MAexp100: | -1.16% |
Quotes :
2020-06-17 15:38:01
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15 min delayed data
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NASDAQ Stocks
News
The latest news and videos published on GILEAD SCIENCES INC. at the time of the analysis were as follows:
- Javier Rodriguez Joins Gilead Sciences’ Board of Directors
- Dr. Reddy's Laboratories enters into a Licensing Agreement with Gilead Sciences for Remdesivir
- Kite Receives European Medicines Agency Approval for CAR T Cell Therapy Manufacturing Facility in Europe
- New Analyses of Phase 2 EQUATOR Clinical Program Support Durable Efficacy of Filgotinib in Psoriatic Arthritis
- Filgotinib Demonstrates Durable Efficacy and Consistent Safety Profile at 52 Weeks in FINCH 1 and 3 Studies in Rheumatoid Arthritis
This member declared not having a position on this financial instrument or a related financial instrument.
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