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Advanced TA SearchArchive - 3/15/2024 - 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 -7.70 points, or -5.69%, and closed at 127.73 on Friday, March 15, 2024. ILMN was trading at average weekly trading volume. Long-term trend: [See ILMN long-term trend chart] A long-term downtrend had started on February 12, 2021 at 555.77 and reached 89.01 on November 10, 2023. ILMN lost 466.76 points, or 83.98%, in 143 weeks. The price is now at the 8.30% retracement level. Medium-term trend: [See ILMN medium-term trend chart] A medium-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 (170.09) 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 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. This is an indication that the medium-term trend is up. 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 February 29, 2024 at 146.08 and reached 126.20 on March 14, 2024. ILMN lost 19.88 points, or 13.61%, in 14 days. The price is now at the 7.70% retracement level. Daily Technical Indicators: [See ILMN daily technical indicators chart] Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range. Daily MACD has bullish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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 February 1, 2024. This is an indication that the short-term trend is down. The price touches the lower Bollinger Band. 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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