The Greedy Trader Weekly Analysis
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- 3/20/2026 -
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Illumina Inc (ILMN) Technical Analysis

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Summary:
Weekly :Broken trend resistance line
Daily :Stochastic signal line moved above oversold areaDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week for the Illumina Inc (ILMN). During the week, the ILMN gained 5.39 points, or 4.53%, and closed at 124.33 on Friday, March 20, 2026. Weekly volume was -12% below average.

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. The downtrend resistance line (55.03) is broken. A broken support is considered to be a long-term bullish signal. 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 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 104.16 and resistance is at 170.01. 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. 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 128.19 on March 20, 2026. ILMN gained -12.88 points, or -11.17%, in 8 days. The price is now at the 29.97% retracement level.

Daily Technical Indicators: [See ILMN daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish 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.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.

During the last week, the price has moved above 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 36.02
Williams' Percentage Range (W%R) 37.20
Lane's Stochastic (%D-Slow) 56.22
Greed/Fear Indicator (GFI) 51.67
Moving Average Converg./Diverg. (MACD) -2.28
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 44.07
Williams' Percentage Range (W%R) 45.50
Lane's Stochastic (%D-Slow) 24.52
Greed/Fear Indicator (GFI) 41.70
Moving Average Converg./Diverg. (MACD) 7.42
Trading Signals
Description Value Chart
Upper Bollinger Band 133.44
50 Day Moving Average 131.49
20 Day Moving Average 124.40
Price 124.33
Weekly Stochastic Crossing 123.99
Daily Stochastic Crossing 123.61
Monthly Trendline Resistance 122.30
Monthly Trendline Support 116.15
Parabolic System 115.71
Lower Bollinger Band 114.79
Quarterly Trendline Support 104.16
Sector and Industry
Description Name Rank
Sector Health Care 5
Industry Biotechnology 78
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 115.31
Low Date 03/12/2026
High 128.19
High Date 03/20/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 134.76
High Date 02/27/2026
Low 115.31
Low Date 03/12/2026
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 122.30
Support 116.15
High 155.53
High Date 01/22/2026
Low 112.65
Low Date 02/12/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 170.01
Support 104.16
Low 68.70
Low Date 04/09/2025
High 155.53
High Date 01/22/2026
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 11.20
Support 55.03
High 555.77
High Date 02/12/2021
Low 68.70
Low Date 04/09/2025
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.