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Archive
- 6/6/2025 -
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Illumina Inc (ILMN) Technical Analysis
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| Summary:
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| | It was a second consecutive positive week for the Illumina Inc (ILMN). During the week, the ILMN climbed 0.42 points, or 0.51%, and closed at 82.66 on Friday, June 6, 2025. Weekly volume was -26% below average.
 Long-term trend: [See ILMN long-term trend chart]
A long-term downtrend had started on November 5, 2024 at 156.70 and reached 68.70 on April 9, 2025. ILMN lost 88.00 points, or 56.16%, in 22 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 43.23 and resistance is at 145.35. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend.
 Medium-term trend: [See ILMN medium-term trend chart]
A medium-term uptrend had started on April 9, 2025 at 68.70 and reached 85.90 on May 29, 2025. ILMN gained -17.20 points, or -25.04%, in 7 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 80.59 and resistance is at 88.26. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.
 Weekly Technical Indicators: [See ILMN weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range. 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 Williams' Percentage Range help.
The weekly MACD line is above its signal line since May 23, 2025. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 May 29, 2025 at 85.90 and reached 78.79 on June 3, 2025. ILMN lost 7.11 points, or 8.28%, in 5 days. The price is now at the 54.43% retracement level.
 Daily Technical Indicators: [See ILMN daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since April 10, 2025. The distance between MACD and the signal line is low and getting smaller.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
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