Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
Gilead Sciences' stock (GILD) rose in the intraday levels, marking a profit of 1.75% in the last session, or 1.39 points, settling at 80.97, amid the dominance of the downward correctional short-term trend, with negative pressure from the 50-day SMA, while the RSI reached overbought levels compared to the stock's movements, hinting at negative divergence.
Therefore we expect the stock to return lower, targeting the support of 77.16, provided it settles below 80.50.
Expected trend for today: Bearish