What’s Risistance on gild stock
6/21/2024 07:26am
The resistance level for Gilead Sciences (GILD) stock is $69.47. This is the price level at which the stock has difficulty breaking through and is expected to pull back if it approaches this point.
|Ticker|Name|Resistance Level|Date|code|market_code|
|---|---|---|---|---|---|
|GILD.O|Gilead Sciences|69.4700|20240620|GILD|185|
The resistance level is an important concept in technical analysis as it can indicate where the selling pressure is strong, and once the price reaches this point, investors may be more likely to sell rather than buy, causing the stock price to decline. Conversely, breaking through this resistance level could lead to a potential upward trend in the stock's price.