GILD ends the day indecisive


Gilead Sciences (GILD) Technical Analysis Report for Jun 14, 2018 [< 1 min read]
Highlights
GILD closes above its opening price after recovering from early selling pressure
GILD closes lower for the 4th day in a row
GILD falls to lowest close since June 5th
GILD closes within previous day's range
GILD ends the day indecisive
TQ Sentiment
Report Sentiment: 16% Bullish
Technical Forecast:
Overview

Moving lower for the 4th day in a row, GILD finished Thursday at 71.15 losing $0.14 (-0.2%). Today's closing price of 71.15 marks the lowest close since June 5th. Trading up to $0.49 lower after the open, the share managed to reverse during the session as bulls took control ending the day above its opening price. Closing within the prior day's range, prices failed to decisively move past the previous day's trading range. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.

Daily chart for GILD
Volatility

Thursday's trading range was $1.11 (1.56%), that's slightly below last trading month's daily average range of $1.17. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being below average.

Trend

While the stock is experiencing a short-term up trend, this might just be a correction, as both the medium and long term trends are still in negative territory.

Order Flow

Buying could accelerate should prices move above the close-by swing high at 72.28 where further buy stops might get activated. Further buying could move prices higher should the market test May's nearby high at 72.83.

Conclusion

While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being very bearish.

Market Conditions for Gilead Sciences
Condition Forecast Direction Win Avg Worst Best Events
Close to R1 Resistance TQ Pro Members Only
Close to S1 Support TQ Pro Members Only
Close to Swing High TQ Pro Members Only
2 Consecutive Higher Closes TQ Pro Members Only
Bearish Hikkake Pattern TQ Pro Members Only
More market conditions identified for TQ Pro members...
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