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Archive
- 5/8/2026 -
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Illumina Inc (ILMN) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a second consecutive positive week for the Illumina Inc (ILMN). During the week, the ILMN gained 6.10 points, or 4.49%, and closed at 141.88 on Friday, May 8, 2026. Weekly volume was -23% below average.
ILMN is a member of Health Care Sector. Health Care is the most oversold 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 downtrend had started on February 12, 2021 at 555.77 and reached 68.70 on April 9, 2025. ILMN lost 487.07 points, or 87.64%, in 216 weeks. The chart has formed a Falling Wedge chart pattern. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling 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 155.53 on January 22, 2026. ILMN gained -86.83 points, or -126.39%, in 41 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 121.61 and resistance is at 182.32. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See ILMN weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since February 6, 2026. 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 uptrend had started on March 12, 2026 at 115.31 and reached 143.01 on May 6, 2026. ILMN gained -27.70 points, or -24.02%, in 55 days. The chart has formed a Broadening Ascending Wedge chart pattern.
 Daily Technical Indicators: [See ILMN daily technical indicators chart]
Daily Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Lane's Stochastic. Daily Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic bearish 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 link to access Lane's Stochastic help.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
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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 |
1 |
| Industry |
Biotechnology |
36 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Low |
115.31 |
| Low Date |
03/12/2026 |
| High |
143.01 |
| High Date |
05/06/2026 |
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| Weekly Trend |
|
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
112.65 |
| Low Date |
02/12/2026 |
| High |
143.01 |
| High Date |
05/06/2026 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Symmetric Triangle |
| Status |
Broken Resistance |
| Resistance |
94.05 |
| Support |
120.91 |
| High |
155.53 |
| High Date |
01/22/2026 |
| Low |
112.65 |
| Low Date |
02/12/2026 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Valid |
| Resistance |
182.32 |
| Support |
121.61 |
| Low |
68.70 |
| Low Date |
04/09/2025 |
| High |
155.53 |
| High Date |
01/22/2026 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Wedge |
| Status |
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| Resistance |
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| Support |
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| High |
555.77 |
| High Date |
02/12/2021 |
| Low |
68.70 |
| Low Date |
04/09/2025 |
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