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Archive - 4/19/2024 - Sign In to see current Signals. |
Illumina Inc (ILMN) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was the negative week for the Illumina Inc (ILMN). During the week, the ILMN dropped -9.64 points, or -7.59%, and closed at 117.43 on Friday, April 19, 2024. It was the worst weekly loss since February 23, 2024. Weekly volume was -8% below average. ILMN is a member of Biotechnology Industry. Biotechnology is the seventh most oversold industry. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry. Long-term trend: [See ILMN long-term trend chart] A long-term uptrend had started on November 10, 2023 at 89.01 and reached 148.19 on January 31, 2024. ILMN gained -59.18 points, or -66.49%, in 11 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (192.98) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. ILMN may retest the broken support line. It is considered to be a resistance line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a long-term trend. Medium-term trend: [See ILMN medium-term trend chart] A medium-term downtrend had started on January 31, 2024 at 148.19 and reached 115.73 on April 18, 2024. ILMN lost 32.46 points, or 21.90%, in 11 weeks. The chart has formed a Falling Channel chart pattern. The downtrend support line (121.91) is broken. Usually a broken support is considered to be a long-term bearish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend. Weekly Technical Indicators: [See ILMN weekly technical indicators chart] Weekly technical indicators are neutral. The weekly MACD line is above its signal line since December 8, 2023. The distance between MACD and the signal line is low and getting smaller. Use the following link to access a MACD help. Short-term trend: [See ILMN short-term trend chart] A short-term downtrend had started on April 9, 2024 at 135.26 and reached 115.73 on April 18, 2024. ILMN lost 19.53 points, or 14.44%, in 9 days. The price is now at the 8.70% retracement level. Daily Technical Indicators: [See ILMN daily technical indicators chart] Daily Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range and Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help. The daily MACD line is below its signal line since April 11, 2024. This is an indication that the short-term trend is down.
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Daily Oscillators |
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Weekly Oscillators |
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Trading
Signals |
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Sector and
Industry |
Description |
Name |
Rank |
Sector |
Health Care |
3 |
Industry |
Biotechnology |
7 |
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Daily Trend |
Description |
Value |
Direction |
Down |
Chart Pattern |
DownTrend |
High |
135.26 |
High Date |
04/09/2024 |
Low |
115.73 |
Low Date |
04/18/2024 |
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Weekly Trend |
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Description |
Value |
Direction |
Down |
Chart Pattern |
DownTrend |
Status |
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Resistance |
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Support |
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High |
135.26 |
High Date |
04/09/2024 |
Low |
115.73 |
Low Date |
04/18/2024 |
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Description |
Value |
Direction |
Down |
Chart Pattern |
Falling Channel |
Status |
Broken Support |
Resistance |
140.04 |
Support |
121.91 |
High |
148.19 |
High Date |
01/31/2024 |
Low |
115.73 |
Low Date |
04/18/2024 |
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Quarterly Trend |
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Description |
Value |
Direction |
Up |
Chart Pattern |
Rising Wedge |
Status |
Broken Support |
Resistance |
152.55 |
Support |
192.98 |
Low |
89.01 |
Low Date |
11/10/2023 |
High |
148.19 |
High Date |
01/31/2024 |
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Description |
Value |
Direction |
Down |
Chart Pattern |
DownTrend |
Status |
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Resistance |
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Support |
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High |
555.77 |
High Date |
02/12/2021 |
Low |
89.01 |
Low Date |
11/10/2023 |
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