StockCharts TV on $GILD (Nov 3, 2026)
Gilead's chart has turned bullish: after a downtrend from a February all-time high near 155 and a June break of its 200-day moving average on negative momentum, in July it recovered that average, RSI rose above 60 and has stayed above 40 since the June low, relative strength turned positive, and moving averages are in proper order and well spread; it made new highs Friday and held strength Monday.
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Biotech is a sector we will talk about, especially with the Gilead (GILD) ticker. but for now let's talk about Gilead.
Gilead is an interesting chart, as we saw its previous all-time high price in February. It was around 155. We dropped down to the 200-day moving average and even broke through it a bit in June.
Look at the duration of this downtrend. Look, the RSI was clearly in bearish or bearish territory, right? We were usually under 50 and always under 60. The upward momentum in the counter-trend rallies was not very strong , indicating that we were in the midst of a minor upward rally within a larger downtrend.
The momentum is negative, the trend is also negative, but look how everything changed in July. We recovered the 200-day moving average. The RSI started to rise above 60. The RSI has not fallen below 40 since that low in June.
So, we've seen a lot more positive momentum from there. We have seen an improvement in Relative Strength, which was previously on a downward trend, and now the trend is positive.
Like some of the previous charts, the moving averages are in the right order, well spread out , made new highs on Friday, and are showing some strength on Monday as well. I would say there are many charts in the biotech sector that are quite encouraging.
I liked this new all-time high and positive momentum. I am liking the improvement in relative performance and the upward slope of the moving average. Gilead is a great chart.
Look at the duration of this downtrend. Look, the RSI was clearly in bearish or bearish territory, right? We were usually under 50 and always under 60. The upward momentum in the counter-trend rallies was not very strong, indicating that we were in the midst of a minor upward rally within a larger downtrend.
The momentum is negative, the trend is also negative, but look how everything changed in July. We recovered the 200-day moving average. The RSI started to rise above 60. The RSI has not fallen below 40 since that low in June.
So, we've seen a lot more positive momentum from there. We have seen an improvement in Relative Strength, which was previously on a downward trend, and now the trend is positive.
Like some of the previous charts, the moving averages are in the right order, well spread out, made new highs on Friday, and are showing some strength on Monday as well.