USA A1 Trading Advice (D) | 23-Oct-2024 | Expected Gain 5%-6%

 BUY   Gilead Sciences (NASDAQ: GILD)

Gilead Sciences (NASDAQ: GILD) STOCK RECOMMENDATION

Idea BUY
Buy Range 86 – 88
Target 92 – 93
StopLoss* below 84.5
Duration 12-14 Trading Days
Potential Returns 5% – 6%
Idea Buy Range Target StopLoss* Duration Potential Returns
BUY 86 – 88 92 – 93 below 84.5 12-14 Trading Days 5% – 6%

* Once the first target hit, reset the StopLoss at your buying price.

Our recommendations are authentic and transparent. Find this recommendation posted in Tradingview. Be assured such records are permanent and irreversible.

Gilead Sciences (NASDAQ: GILD) STOCK OVERVIEW

Gilead Sciences, Inc. is a biopharmaceutical firm focused on discovering, developing, and marketing medicines for unmet medical needs globally, including the U.S. and Europe. It offers products like Biktarvy, Genvoya, and Truvada for HIV/AIDS, Veklury for COVID-19, and Epclusa for viral hepatitis. Additionally, it provides Yescarta and Tecartus for oncology, Letairis for pulmonary arterial hypertension, and AmBisome for serious fungal infections. The company collaborates with various firms, including Arcus Biosciences and Merck, and has a research agreement with Merus N.V. Founded in 1987, it is based in Foster City, California.

Stock Data
NASDAQ Symbol GILD
Sectoral Index Health Care
52 Weeks High 88.36
52 Weeks Low 62.07

Gilead Sciences (NASDAQ: GILD) - RELATIVE STRENGTH

GILD-RELATIVE STRENGTH

Relative Performance - Last 1 Year

Gilead Sciences —     NASDAQ —

Gilead Sciences (NASDAQ: GILD) - DAILY TECHNICAL ANALYSIS

Gilead Sciences (NASDAQ: GILD) - Technical Analysis (Daily)
  • After facing a significant rejection around the 90 level, the stock price fell and entered a phase of consolidation.
  • During this extended consolidation, the stock has developed a Descending Broadening pattern.
  • Following a recent breakout, the price is poised for a substantial upward movement.

Gilead Sciences (NASDAQ: GILD) - RSI

GILD-RSI
Gilead Sciences (NASDAQ: GILD) - RSI
  • Current RSI of this stock is 70.41, which indicates the strength of buyers.

Gilead Sciences (NASDAQ: GILD) - EMA Cross

Gilead Sciences (NASDAQ: GILD) - EMA Cross
  • The short length exponential moving average (10 EMA) has crossed the long length exponential moving average (20 EMA) from the below, generates bullish signal. Last dayโ€™s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.

Gilead Sciences (NASDAQ: GILD) - ADX & DI

Gilead Sciences (NASDAQ: GILD) - ADX & DI
  • Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.

CONCLUSION - Gilead Sciences (NASDAQ: GILD) STOCK PRICE FORECAST

Based on our stock trading advice in USA, Gilead Sciences stock price target will be USD 92 – USD 93 in the next 12-14 trading sessions.

Gilead Sciences (NASDAQ: GILD) TRADINGVIEW POSITION UPDATE

MONEY MANAGEMENT AND TRADING RULES

1)ย  Itโ€™s advisable to enter/exit in the recommended range.
2)ย  Strictly follow the StopLoss as mentioned. Honour it.
3) ย Use trailing StopLoss to retain profits.
4)ย  Diversify trading capital into our other trading recommendations.
5)ย  Risk only the money what you can afford to lose. Hedge accordingly.

Advisor / ANALYST SUMMARY

The stock trading advice is prepared by the Naranj Capital team under the guidance ofย Arijit Banerjee, CMT, CFTe. Arijit is a veteran trader and an active investor having in-depth knowledge of financial market research, advanced technical analysis, market cycle, algorithmic trading, and portfolio management. He is a Chartered Market Technician (CMT) accredited by CMT Association USA, the global authority of Technical Analysis and also has been honored as aย Certified Financial Technician (CFTe)ย by the International Federation of Technical Analysts, USA.

Disclosure

The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

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