Gilead Sciences stock price (GILD) fell in the intraday levels, amid the dominance of the main downward trend in the short term, with negative pressure from the 50-day SMA, with negative signals from the RSI, after reaching overbought levels compared to the stocks movements, hinting at negative divergence.

Therefore we expect more losses for the stock, targeting the support of $63.50, provided the resistance of $68.50 holds on.

Trend forecast: Bearish