Gilead stock: buy or sell
Updated on:
Jan 18th, 2021
2
Gilead stock brief
- Gilead stock inched 1.49% to close at $63.33 on the stock market last Friday, breaking a streak of 3 sessions in red.
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 not any eligible buy setup. This doesn't mean $GILD will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell Gilead stock?
Knowing when to sell a stock is even harder than knowing when to buy it. Just as when we have to buy shares, deciding when is the best time to sell is not a whimsical decision, and we must follow our own trading strategy. Our trading system selects 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 never hold a trading operation that shows a higher than expected losses upon purchase. The moment to sell your stock should always be dictated by the stop-loss (automatic or manual)
Is it time to sell Gilead stock?
Currently, Gilead stock doesn't match any of our preferred sell setups, so if you hold Gilead shares and your operation is in profit probably is not time to sell now
Gilead ratings
In the last month, 2 analyst ratings were published for Gilead
| Brokerage firm | Rating |
|---|---|
| Dec 22nd, 2020 | |
| Smith Barney Citigroup | Neutral |
| Jan 4th, 2021 | |
| Guggenheim | Neutral → |
Gilead stock analysis
SMAs overview
Supports and resistances
The current resistance levels are:
The current support levels are:
Bollinger bands
Since the price surpassed the upper band on January 8, the price has been corrected downwards by 0.13%. The price is trading very close to the upper Bollinger band, poiting some level of overbought in recent sessions. This is not a sell signal, as price can trade in these levels for many days and weeks
Relative strength index
The RSI dropped below the overbought level of 70 on January 11 after just crossing to the overbough zone for 1 day (weak signal). The RSI reading last Friday was 67.08. Gilead price slightly moved a 0.46% since then
Gilead stock price history
Gilead went public priced at an adjusted price1 of $0.45 on Jan 1992. Since then, GILD stock has risen by 13,973.33%, with an average of 481.84% per year. An investment of $1,000USD on Jan 1992 would be valued $140,733.33 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Gilead stock
Nobody knows how much a share will be priced tomorrow. However, many stock price predictions are issued every day by banks, financial institutions and independent analysts.
Along with buy or sell recommendations, brokerage institutions post their price predictions based on the stock price action and the company fundamental data. Most of these estimates follow the release of new fundamental information by the company, and usually. If you are a small trader you don't have to buy or sell based on these price targets.
There is just one price target issued for Gilead that forecasts a price of $72.00.
| Brokerage firm | Price target |
|---|---|
| Dec 22nd, 2020 | |
| Smith Barney Citigroup | $75.00 → $72.00 |
| Jan 4th, 2021 | |
| Guggenheim | Not available |
Earnings and financials
Gilead Sciences, Inc. ($GILD) posted quarterly earnings of $2.11 per share last October, slightly uplifting the Wall St consensus estimate of $1.95 per share. This Q3 report means an earnings surprise of 8.21%. On the contrary, the company reported turnover for Q3 was $6.6 billion aligned with analysts' estimates.
In comparing, the EPS for the same quarter last year was $1.75, so reported EPS means a improvement of 20.57%. Looking at revenue, figures exploded a 17.36% compared to $56.0B same quarter 12 months ago.Gilead ($GILD) posts quarterly financial report next Tuesday. Wall Street forecasts of $1.87, compared to Q3 that made $2.11.
Gilead performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Gilead ($GILD) | 6.80% | 2.60% | -16.80% |
Disclaimer:
The viewpoints contained in this article are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this text does not know the individual situations of the reader, his or her financial statements or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Thoughts are provided for learning purposes onlyGilead summary
| Friday, January 15th, 2021 | |
|---|---|
| Open | $62.3 |
| Close | $63.33 |
| Day range | $62.13 - $63.6 |
| Previous close | $62.4 |
| Session gain | 1.49% |
| Average true range | $1.80 |
| 50d mov avg | $59.68 |
| 100d mov avg | $61.00 |
| 200d mov avg | $67.12 |
| Earnings date | February 2nd, 2021 |