Gilead Sciences Inc. Stock Forecast For Q3 Based On a Predictive Algorithm (GILD)

GILD Stock Forecast


I Know First supplies financial services, mainly through stock forecasts via their predictive algorithm. The algorithm incorporates a 15-year database, and utilizes it to predict the flow of money across 2000 markets. The algorithm has more data to forecast within the long term and, naturally, outputs a more accurate predication in that time frame. Having said that, intraday traders, along with short-term players, will also benefit by taking the algorithmic perspective into consideration.

The self-learning algorithm uses artificial inelegance, predictive models based on artificial neural networks, and genetic algorithms to predict money movements within various markets.

The algorithm produces a forecast with a signal and a predictability indicator. The signal is the number in the middle of the box. The predictability is the number at the bottom of the box. At the top, a specific asset is identified. This format is consistent across all predictions. The middle number is indicative of strength and direction, not a price target. The bottom number, the predictability, signifies a confidence level.


Figure 4. I Know First 1-Year Algorithmic Forecast.

In this forecast, Gilead Sciences had a signal strength of 14.66 and a predictability indicator of 0.23 for the one-year time horizon. In accordance with the algorithm’s prediction, the stock price increase 37.38% over that time.


Figure 5. I Know First 3-Month Algorithmic Forecast.

This forecast is for the 3-month time horizon. Once again, Gilead Sciences had a bullish algorithmic signal of 1.31 and a predictability indicator of 0.16. The stock price also increased as the algorithm predicted in this case, rising 7.94% in 90 days.

GILD stock forecast: Having demonstrated how I Know First’s algorithm was able to correctly predict the movement of Gilead Sciences’ stock price in the past, it is worthwhile to see if the algorithm agrees with the bullish fundamental analysis of the company. The three-month and one-year forecasts for the company are included below. In both forecasts, Gilead Sciences has a positive signal, indicating the algorithm is bullish for the stock.


Figure 6. Long-Term Algorithmic Forecast For Gilead Sciences.

The one-year forecast is especially strong, with a signal strength of 42.17 and a predictability of 0.49. This makes sense considering the strong fundamental analysis of the company. The continued success of the HVC drugs Solvadi and Harvoni and the possibility of a deal to enter into the HBC market make the stock bullish during the rest of the year.