Gilead Sciences (NASDAQ:GILD) Downward Trend
Overall, the bias in prices is: Downwards.
Short term: Prices are moving.
Intermediate term: Prices are trending.
Note: this chart shows extraordinary price action to the downside.
By the way, prices are vulnerable to a correction towards 79.92.
The projected upper bound is: 75.45.
The projected lower bound is: 70.35.
The projected closing price is: 72.90.
A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 2 white candles and 8 black candles for a net of 6 black candles. During the past 50 bars, there have been 17 white candles and 33 black candles for a net of 16 black candles.
Three black candles occurred in the last three days. Although these candles were not big enough to create three black crows, the steady downward pattern is bearish.
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 7.3553. This is an oversold reading. However, a signal is not generated until the Oscillator crosses above 20 The last signal was a buy 7 period(s) ago.
Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 28.01. This is where it usually bottoms. The RSI usually forms tops and bottoms before the underlying security. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 74 period(s) ago.
Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -156.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a sell 12 period(s) ago.
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 9 period(s) ago.
Rex Takasugi – TD Profile
GILEAD SCI closed down -0.790 at 73.030. Volume was 2% below average (neutral) and Bollinger Bands were 32% wider than normal.
Open High Low Close Volume___
74.180 74.205 72.920 73.030 10,014,543
Short Term: Oversold
Intermediate Term: Bearish
Long Term: Bearish
Moving Averages: 10-period 50-period 200-period
Close: 76.36 78.87 86.47
Volatility: 21 21 34
Volume: 9,580,890 9,717,050 11,004,131
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
GILEAD SCI is currently 15.5% below its 200-period moving average and is in an downward trend. Volatility is Our volume indicators reflect volume flowing into and out of GILD.O at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on GILD.O and have had this outlook for the last 7 periods. Our momentum oscillator is currently indicating that GILD.O is currently in an oversold condition.
Increase your trading profits
Increase your trading profits by trying MetaStocks Xenith 30 day free trial.
Latest posts by HEFFX Australia (see all)
- Northern Trust Corporation (NASDAQ:NTRS) Heffx Technical Analysis - January 19, 2017
- Zynerba Pharmaceuticals Inc (NASDAQ:ZYNE) Possible Bearish Divergence - January 19, 2017
- Hertz Global Holdings (NYSE:HTZ) Heffx Trading Outlook - January 19, 2017