Gilead stock: buy or sell
Jul 29th, 2021
Gilead stock brief
- Gilead closed on Wednesday at $70.06 (1.64%) prior to presenting earnings on Thursday at 16:00
- The stock is configuring an uptrend pattern since October 2020, when it bottomed at $55.19. Up to date, shares marked a 26.94% profit since the beginning of this rally. On Wednesday Gilead broke out above $69.45 giving an entry point
- The price is currently over the upper Bollinger band, which usually indicates a short-term correction
- On Wednesday broke out above its latest top at $69.45
Should I buy Gilead stock?
All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $GILD stock a buy?
In the current situation of Gilead there is just one buy setup eligible:
Uptrend buy setup
Gilead stock is in an uptrend since in October 2020 that so far has marked a gorgeous 27.00% gain. Price marked a local bottom in this uptrend at $67.37 on July 15, and since then it bounced off a 3.99%. Price just broke out above the buy point at $69.45, but it can be traded. If price goes above $72.92, it would be better to wait to another pullback. If you decide to enter this trade, the suggested stop loss is at $65.35
|Buy setup||Buy point||Stop loss||Risk|
|Uptrend buy setup||$69.45||$65.35||5.91%|
Should I sell Gilead stock?
Knowing when to sell a stock is even harder than knowing when to buy it. Trading strategies help us to avoid impetuous decisions based on our personal moods or the noise that surrounds the market. We like very simple setups to guide us on when is a good moment to sell a stock. Be aware that these setups are not intended for selling short $GILD stock
As a rule of thumb, you should not mantain an operation that produces greater losses than those expected upon the buy. The timing to sell shares always has to be dictated by the stop-loss (automatic or manual)
Is it time to sell Gilead stock?
In the current situation of Gilead there is not any eligible sell setup, so Gilead stock holders with operations in profit can keep their positions
In the last 30 days we couldn't find any rating for Gilead
Gilead stock analysis
Since in October 2020, Gilead has been printing an uptrend that so far marked an amazing 26.94%. During this uptrend, the price provided some entry points on the breakouts. Latest pullback was on July 15, when price bounced at $67.37. Gilead broke out above $69.45 (its last top) on Wednesday. That breakout was a good buying opportunity
Supports and resistances
The current resistance levels are:
The current supports are:
The evolution of the Bollinger Bands on the chart reveals that they are relatively close to each other (2.59%), which clearly means that price volatility is low. Reduced volatility is often the antecedent to a sharp movement (up or down), so we must be alert and manage our buy or sell orders accordingly
Relative strength index
When the stays for so long below 70 and above 30, without showing moments of overbought and oversold, the indicator becomes of little use, and we are now in one of these situations.
Gilead stock price history
Gilead started trading priced at an adjusted price1 of $0.44 on Jan 1992. Since then, GILD stock has risen by 15,822.73%, with an average of 545.61% per year. If you had invested $1,000USD in Gilead stock at that time, it would have a value of $159,227.27 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Gilead stock
Nobody knows how much a stock will be priced in the future. However, many stock price predictions are issued every day by banks, financial institutions and independent analysts.
The following table shows the price predictions posted by financial institutions over the last 30 days. If you are a small trader you must not trade based on these forecasts.
We don't have any target price published in the previous 4 weeks for Gilead.
Earnings and financials
Disclaimer:The comments contained in this post are personal and not recommendations for you to buy or sell stocks. The author of this article does not know the specific conditions of the reader, his or her own financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are provided for educative motives only
|Wednesday, July 28th, 2021|
|Day range||$68.73 - $70.15|
|Average true range||$1.04|
|50d mov avg||$67.61|
|100d mov avg||$66.14|
|200d mov avg||$63.23|
|Earnings date||July 29th, 2021|