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Downtrend Broken Resist.Archive
- 5/2/2025 -
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Illumina Inc (ILMN) Technical Analysis
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| Summary:
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| | It was a second consecutive positive week for the Illumina Inc (ILMN). During the week, the ILMN climbed 0.53 points, or 0.69%, and closed at 77.88 on Friday, May 2, 2025. Weekly volume was -41% 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. Price is near the trend low.
 Medium-term trend: [See ILMN medium-term trend chart]
A medium-term downtrend had started on November 5, 2024 at 156.70 and reached 68.70 on April 9, 2025. ILMN lost 88.00 points, or 56.16%, in 22 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 58.51 and resistance is at 147.23. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See ILMN weekly technical indicators chart]
Weekly Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Relative Strength Index, 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. 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 May 1, 2025 at 75.41 and reached 79.22 on May 2, 2025. ILMN gained -3.81 points, or -5.05%, in 1 days. The price is now at the 35.17% retracement level.
 Daily Technical Indicators: [See ILMN daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range.
The daily MACD line is above its signal line since April 10, 2025. This is an indication that the short-term trend is up.
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