The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

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- 12/5/2025 -
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Illumina Inc (ILMN) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range and Lane's Stochastic are strongly overboughtBroken trend resistance line
Daily :Stochastic has declined below the signal lineDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SAR
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It was the negative week for the Illumina Inc (ILMN). During the week, the ILMN dropped -2.49 points, or -1.89%, and closed at 128.96 on Friday, December 5, 2025. It was the worst weekly loss since October 10, 2025. Weekly volume was -47% below 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. The downtrend resistance line (59.12) 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 October 14, 2025 at 88.00 and reached 132.15 on December 1, 2025. ILMN gained -44.15 points, or -50.17%, in 6 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 124.00 and resistance is at 135.17. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.

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

The weekly MACD line is above its signal line since May 23, 2025. 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 uptrend had started on November 14, 2025 at 117.10 and reached 132.15 on December 1, 2025. ILMN gained -15.05 points, or -12.85%, in 17 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 124.61 and resistance is at 135.62. 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 short-term trend.

Daily Technical Indicators: [See ILMN daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 68.27
Williams' Percentage Range (W%R) 24.80
Lane's Stochastic (%D-Slow) 69.52
Greed/Fear Indicator (GFI) 71.00
Moving Average Converg./Diverg. (MACD) 5.57
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.47
Williams' Percentage Range (W%R) 8.40
Strong Overbought
Lane's Stochastic (%D-Slow) 90.06
Strong Overbought
Greed/Fear Indicator (GFI) 80.57
Overbought
Moving Average Converg./Diverg. (MACD) 2.62
Trading Signals
Description Value Chart
Weekly Trendline Resistance 135.62
Monthly Trendline Resistance 135.17
Parabolic System 132.12
Upper Bollinger Band 131.17
Daily Stochastic Crossing 129.61
Price 128.96
Weekly Stochastic Crossing 127.87
20 Day Moving Average 124.61
Weekly Trendline Support 124.61
Monthly Trendline Support 124.00
Lower Bollinger Band 115.44
50 Day Moving Average 110.45
Sector and Industry
Description Name Rank
Sector Health Care 11
Industry Biotechnology 114
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 124.27
Low Date 12/04/2025
High 129.27
High Date 12/05/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 135.62
Support 124.61
Low 117.10
Low Date 11/14/2025
High 132.15
High Date 12/01/2025
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 135.17
Support 124.00
Low 88.00
Low Date 10/14/2025
High 132.15
High Date 12/01/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 68.70
Low Date 04/09/2025
High 132.15
High Date 12/01/2025
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 41.40
Support 59.12
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.