Trading Gilead Sciences $GILD With Integrated Risk Controls
November 10, 2023, 02:30 am ET, BY Robert S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for GILD
- Buy GILD slightly over 71.66 target 75.41 stop loss @ 71.45 Details
The technical summary data tells us to buy GILD near 71.66 with an upside target of 75.41. This data also tells us to set a stop loss @ 71.45 to protect against excessive loss in case the stock begins to move against the trade. 71.66 is the first level of support below 74.98 , and by rule, any test of support is a buy signal. In this case, support 71.66 would be being tested, so a buy signal would exist.
- Short GILD slightly under 75.41, target 71.66, stop loss @ 75.63 Details
The technical summary data is suggesting a short of GILD as it gets near 75.41 with a downside target of 71.66. We should have a stop loss in place at 75.63though. 75.41 is the first level of resistance above 74.98, and by rule, any test of resistance is a short signal. In this case, if resistance 75.41 is being tested, so a short signal would exist.
Swing Trading Plans for GILD
- Buy GILD slightly over 75.41, target 76.84, Stop Loss @ 75.19 Details
If 75.41 begins to break higher, the technical summary data tells us to buy GILD just slightly over 75.41, with an upside target of 76.84. The data also tells us to set a stop loss @ 75.19 in case the stock turns against the trade. 75.41 is the first level of resistance above 74.98, and by rule, any break above resistance is a buy signal. In this case, 75.41, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short GILD slightly near 75.41, target 71.66, Stop Loss @ 75.63. Details
The technical summary data is suggesting a short of GILD if it tests 75.41 with a downside target of 71.66. We should have a stop loss in place at 75.63 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 75.41, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for GILD
- Buy GILD slightly over 75.41, target 76.84, Stop Loss @ 75.23 Details
If 75.41 begins to break higher, the technical summary data tells us to buy GILD just slightly over 75.41, with an upside target of 76.84. The data also tells us to set a stop loss @ 75.23 in case the stock turns against the trade. 75.41 is the first level of resistance above 74.98, and by rule, any break above resistance is a buy signal. In this case, 75.41, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short GILD slightly near 75.41, target 71.66, Stop Loss @ 75.59. Details
The technical summary data is suggesting a short of GILD if it tests 75.41 with a downside target of 71.66. We should have a stop loss in place at 75.59 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 75.41, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Gilead Sciences (GILD) available here: GILD.
GILD Ratings for November 10:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Neutral |
| P1 |
0 |
0 |
71.66 |
| P2 |
76.84 |
76.84 |
75.41 |
| P3 |
80.74 |
80.09 |
79.36 |
AI Generated Signals for GILD
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for GILD:
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