- Gilead is trading at $87.9; its target level is $85.84
- Bollinger analysis indicates upper Band® is at $88.15
Gilead chart analysis: Gilead Sciences is eyeing the $85.84 support line. Trend and momentum analysis indicates that Gilead's CCI indicator is above +100. Momentum evaluation shows that the Relative Strength Index indicates Gilead is in a strong overbought condition. Asset volatility analysis shows that Gilead's upper Bollinger Band® is at $88.15, suggesting that a downward move may follow.
Notwithstanding Gilead's appreciation in recent days, the technical outlook suggests its bullish run is now fading.
Technical analysis shows that Rollins's run now faces a challenge at $39.83, which is only 56 cents away and will be interesting to follow. With regards to technical trend indicators, chart analysis show that $39.95 marks the crossover point where Rollins price action falls below its 5 day Simple Moving Average. Rollins bounced 52.57 cents away from Fibonacci support at $39.86. According to asset volatility analysis, Rollins's lower Bollinger Band® is now at $39.27.
For the time being, Rollins remains flat without a clear direction.
Technical analysis of Conagra's past price action reveals multiple support and resistance levels: Conagra is eyeing the $37.16 support line. Trend analysis indicates that Conagra Brands's CCI indicator has broken above +100, indicating that prices are unusually high compared to the rolling average. Analysis based on the asset volatility indicates that Conagra's upper Bollinger Band® is at $38.17 which indicates a further downward move may follow.
Overall, while Conagra Brands has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.
Fundamental indicators – United States ISM Manufacturing PMI (Nov) released yesterday at 15:00 UTC with a figure of 49, while the previous figure was 50.2.
Upcoming fundamentals: United States Non Farm Payrolls projected to decline to 200,000 while previous data was 261,000; data will be released today at 13:30 UTC.