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Downtrend Broken Resist.Archive
- 2/27/2026 -
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Illumina Inc (ILMN) Technical Analysis
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| Summary:
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| | It was a second positive week after 3 consecutive negative weeks for the Illumina Inc (ILMN). During the week, the ILMN gained 16.79 points, or 14.27%, and closed at 134.46 on Friday, February 27, 2026. It was the best weekly gain since October 31, 2025. Weekly volume was 35% above 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 (55.89) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. ILMN may retest the broken resistance line. It is considered to be a support line now. 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 101.91 and resistance is at 164.58. 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, but getting bigger. 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 February 12, 2026 at 112.65 and reached 134.76 on February 27, 2026. ILMN gained -22.11 points, or -19.63%, in 15 days. Price is near the trend high.
 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. 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.
Price is close to the 50 Day Moving Average. While daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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