Gilead Sciences, Inc. (GILD) rose slightly in its latest intraday trading, attempting to recover part of its previous losses. However, the stock remains pressured after breaking out of a short-term ascending channel, with continued negative pressure from trading below its 50-day SMA, alongside bearish signals on the RSI.

Therefore, we expect the stock to decline in its upcoming sessions, as long as resistance at 115.80 holds, targeting the support level of 104.50.

Todays price forecast: Bearish.