GILD ends the day indecisive


Gilead Sciences (GILD) Technical Analysis Report for Jun 14, 2018

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

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 Candlestick Chart (GILD as at Jun 14, 2018):

Daily technical analysis candlestick chart for Gilead Sciences (GILD) as at Jun 14, 2018

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.

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.

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.


Market Conditions for GILD as at Jun 14, 2018

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