Gilead Sciences, Inc. Stock Forecast
Weaker technical forecast for Gilead Sciences, Inc. as stock downgraded to Hold/Accumulate.
(Updated on Jun 25, 2024)
The Gilead Sciences, Inc. stock price fell by -0.89% on the last day (Tuesday, 25th Jun 2024) from 66.44€ to 65.85€. During the last trading day the stock fluctuated 1.62% from a day low at 65.40€ to a day high of 66.46€. The price has risen in 6 of the last 10 days and is up by 9.7% over the past 2 weeks. Volume has increased on the last day by 41 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 thousand shares were bought and sold for approximately 90.08€ thousand.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at 66.36€ will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -6.84% during the next 3 months and, with a 90% probability hold a price between 53.10€ and 61.83€ at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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GIS.F Signals & Forecast
The Gilead Sciences, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 62.80€ and 60.88€. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, June 24, 2024, and so far it has fallen -0.89%. Further fall is indicated until a new bottom pivot has been found. Gilead Sciences, Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Gilead Sciences, Inc. stock
Gilead Sciences, Inc. finds support from accumulated volume at 65.32€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved 1.06€ between high and low, or 1.62%. For the last week, the stock has had daily average volatility of 4.33%.
Our recommended stop-loss: 64.17€ (-2.55%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 17 days ago.)
Trading Expectations (GIS.F) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Gilead Sciences, Inc. to open at 65.90€, and during the day (based on 14 day Average True Range), to move between 64.22€ and 67.48€, which gives a possible trading interval of +/-1.63€ (+/-2.47%) up or down from last closing price. If Gilead Sciences, Inc. takes out the full calculated possible swing range there will be an estimated 4.95% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 65.32€ (0.80%) than the resistance at 66.44€ (0.90%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Gilead Sciences, Inc. stock A Buy?
Gilead Sciences, Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.143 Hold/Accumulate Downgraded
Predicted Opening Price for Gilead Sciences, Inc. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| 65.90€ ( 0.0810%) | 65.85€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GIS.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 66.96 | 1.69% |
| R2 | 66.56 | 1.08% |
| R1 | 66.31 | 0.696% |
| Price | 65.85 | |
| S1 | 65.50 | -0.534% |
| S2 | 65.25 | -0.91% |
| S3 | 64.84 | -1.53% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 67.28 | 2.17% |
| R2 | 67.22 | 2.08% |
| R1 | 66.44 | 0.90% |
| Price | 65.85 | |
| S1 | 65.32 | -0.80% |
| S2 | 63.31 | -3.86% |
| S3 | 62.18 | -5.57% |
GIS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 14, 2024 | Jun 14, 2024 | Jun 27, 2024 | 0.720€ | 0% |
| 2 | Mar 14, 2024 | Mar 14, 2024 | Mar 28, 2024 | 0.714€ | 0% |
| 3 | Dec 14, 2023 | Dec 14, 2023 | Dec 28, 2023 | 0.750€ | 0% |
| 4 | Sep 14, 2023 | Sep 14, 2023 | Sep 14, 2023 | 0.750€ | 0% |
| 5 | Jun 14, 2023 | Jun 14, 2023 | Jun 14, 2023 | 0.750€ | 0% |
FAQ
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