The Greedy Trader Weekly Analysis
Sign In Mar 7, 2025
Skip Navigation Links
Share
Symbol:  

• Symbol Lookup
• View Technical Chart
• Add to Watch List
• Candlestick Patterns
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals

Archive
- 2/28/2025 -
Sign In to see current Signals.

Illumina Inc (ILMN) Technical Analysis

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Overbought sectorBroken trend support line - Downtrend exhaustionRelative Strength Index oversoldWilliams' Percentage Range and Lane's Stochastic are strongly oversold
Daily :The price has fallen below the Parabolic SARLane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldRelative Strength Index and MACD bullish divergenceThe period of high volatility of the stock price
Move cursor over the icon to see details.

It was the negative week for the Illumina Inc (ILMN). During the week, the ILMN dropped -6.80 points, or -7.16%, and closed at 88.19 on Friday, February 28, 2025. Weekly volume was 22% above average.

ILMN is a member of Health Care Sector. Health Care is the second 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 downtrend had started on November 5, 2024 at 156.70 and reached 87.77 on February 28, 2025. ILMN lost 68.93 points, or 43.99%, in 16 weeks. The chart has formed a Rectangle chart pattern. The downtrend support line (131.53) is broken, while daily and weekly technical indicators are oversold. Downtrend is exhausted and trend reversal is possible soon. 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 long-term trend.

Medium-term trend: [See ILMN medium-term trend chart]
A medium-term downtrend had started on January 14, 2025 at 153.10 and reached 87.77 on February 28, 2025. ILMN lost 65.33 points, or 42.67%, in 6 weeks. The chart has formed a Falling Wedge chart pattern. The trend support level is at 87.32 and resistance is at 93.17. 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 medium-term trend.

Weekly Technical Indicators: [See ILMN weekly technical indicators chart]
Weekly Relative Strength Index is oversold while Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Relative Strength Index or strongly oversold weekly Williams' Percentage Range and 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is below its signal line since December 20, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. 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 26, 2025 at 96.88 and reached 87.77 on February 28, 2025. ILMN lost 9.11 points, or 9.40%, in 2 days. Price is near the trend low.

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 Relative Strength Index and MACD have bullish divergence. Use the following links to access the Relative Strength Index and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index and MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.

The daily MACD line is below its signal line since January 27, 2025. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

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.

The distance between the Bollinger Bands is 278.22% higher then one year average. It indicates the period of high volatility of the stock price. 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) 20.10
Bullish
Williams' Percentage Range (W%R) 100.00
Strong Oversold
Lane's Stochastic (%D-Slow) 12.02
Oversold
Greed/Fear Indicator (GFI) 10.71
Oversold
Moving Average Converg./Diverg. (MACD) -9.86 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 12.94
Oversold
Williams' Percentage Range (W%R) 100.00
Strong Oversold
Lane's Stochastic (%D-Slow) 8.23
Strong Oversold
Greed/Fear Indicator (GFI) 13.26
Oversold
Moving Average Converg./Diverg. (MACD) 0.13
Trading Signals
Description Value Chart
Upper Bollinger Band 132.15
50 Day Moving Average 124.32
20 Day Moving Average 105.74
Parabolic System 96.78
Monthly Trendline Resistance 93.17
Weekly Stochastic Crossing 90.96
Daily Stochastic Crossing 89.88
Price 88.19
Monthly Trendline Support 87.32
Lower Bollinger Band 78.10
Sector and Industry
Description Name Rank
Sector Health Care 8
Industry Biotechnology 85
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 96.88
High Date 02/26/2025
Low 87.77
Low Date 02/28/2025
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 96.88
High Date 02/26/2025
Low 87.77
Low Date 02/28/2025
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Valid
Resistance 93.17
Support 87.32
High 153.10
High Date 01/14/2025
Low 87.77
Low Date 02/28/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Rectangle
Status Broken Support
Resistance 155.11
Support 131.53
High 156.70
High Date 11/05/2024
Low 87.77
Low Date 02/28/2025
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 555.77
High Date 02/12/2021
Low 87.77
Low Date 02/28/2025
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.