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- 10/2/2026 -
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Illumina Inc (ILMN) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is overboughtLane's Stochastic bearish divergence
Daily :Broken uptrend resistance line - uptrend exhaustionRelative Strength Index, Williams' Percentage Range and Lane's Stochastic are overboughtThe period of high volatility of the stock price
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It was a third consecutive positive week for the Illumina Inc (ILMN). During the week, the ILMN gained 3.04 points, or 1.13%, and closed at 273.04 on Friday, October 2, 2026. Weekly volume was 28% above average.

ILMN is a member of Health Care Sector. Health Care is the 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 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 280.17 on September 30, 2026. ILMN gained -211.47 points, or -307.82%, in 77 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (142.05) is broken, while daily and weekly technical indicators are overbought. Uptrend 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 resistance line in a medium-term trend.

Weekly Technical Indicators: [See ILMN weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. Weekly 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 weekly 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since May 8, 2026. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. 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 280.17 on September 30, 2026. ILMN gained -164.86 points, or -142.97%, in 202 days. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (212.59) is broken, while daily and weekly technical indicators are overbought. Uptrend 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 resistance line in a short-term trend.

Daily Technical Indicators: [See ILMN daily technical indicators chart]
Daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. Use the following link to access Relative Strength Index help.

The daily MACD line is above its signal line since September 15, 2026. This is an indication that the short-term trend is up.

The distance between the Bollinger Bands is 102.78% 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) 82.01
Overbought
Williams' Percentage Range (W%R) 17.80
Overbought
Lane's Stochastic (%D-Slow) 82.42
Overbought
Greed/Fear Indicator (GFI) 82.22
Overbought
Moving Average Converg./Diverg. (MACD) 14.71
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 78.54
Williams' Percentage Range (W%R) 10.00
Overbought
Lane's Stochastic (%D-Slow) 78.16
Bearish
Greed/Fear Indicator (GFI) 77.11
Moving Average Converg./Diverg. (MACD) 21.28
Trading Signals
Description Value Chart
Upper Bollinger Band 300.04
Daily Stochastic Crossing 273.80
Price 273.04
Parabolic System 262.13
Weekly Stochastic Crossing 261.88
Weekly Trendline Resistance 254.09
20 Day Moving Average 241.41
50 Day Moving Average 218.89
Quarterly Trendline Resistance 218.88
Lower Bollinger Band 194.71
Sector and Industry
Description Name Rank
Sector Health Care 9
Industry Biotechnology 115
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 200.01
Low Date 09/11/2026
High 280.17
High Date 09/30/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 254.09
Support 212.59
Low 115.31
Low Date 03/12/2026
High 280.17
High Date 09/30/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 112.65
Low Date 02/12/2026
High 280.17
High Date 09/30/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 218.88
Support 142.05
Low 68.70
Low Date 04/09/2025
High 280.17
High Date 09/30/2026
Description Value
Direction Down
Chart Pattern Falling Wedge
Status
Resistance
Support
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.