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Archive
- 10/16/2026 -
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Illumina Inc (ILMN) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Illumina Inc (ILMN). During the week, the ILMN dropped -15.63 points, or -5.62%, and closed at 262.54 on Friday, October 16, 2026. It was the worst weekly loss since August 7, 2026. Weekly volume was 8% above average.
ILMN is a member of Health Care Sector. Health Care is the most overbought sector. 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 April 9, 2025 at 68.70 and reached 309.35 on October 6, 2026. ILMN gained -240.65 points, or -350.29%, in 77 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (144.07) is broken. Usually a broken resistance is considered to be a long-term bullish 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 resistance line in a long-term trend.
 Medium-term trend: [See ILMN medium-term trend chart]
A medium-term uptrend had started on February 12, 2026 at 112.65 and reached 309.35 on October 6, 2026. ILMN gained -196.70 points, or -174.61%, in 33 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (222.92) is broken. Usually a broken resistance is considered to be a long-term bullish 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 resistance line in a medium-term trend.
 Weekly Technical Indicators: [See ILMN weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 link to access Lane's Stochastic help.
The weekly MACD line is above its signal line since May 8, 2026. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. 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 October 6, 2026 at 309.35 and reached 254.00 on October 8, 2026. ILMN lost 55.35 points, or 17.89%, in 2 days. The price is now at the 15.43% retracement level.
 Daily Technical Indicators: [See ILMN daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since October 7, 2026. This is an indication that the short-term trend is down.
The price is close to the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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