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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- 12/19/2025 -
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Illumina Inc (ILMN) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is overboughtLane's Stochastic is strongly overboughtBroken trend resistance line
Daily :Daily  MACD line has moved below its signal line
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It was the negative week for the Illumina Inc (ILMN). During the week, the ILMN gave back -0.09 points, or -0.07%, and closed at 134.78 on Friday, December 19, 2025. Weekly volume was 11% 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. The downtrend resistance line (58.54) 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 April 9, 2025 at 68.70 and reached 137.09 on December 12, 2025. ILMN gained -68.39 points, or -99.55%, in 35 weeks. Price is near the trend high.

Weekly Technical Indicators: [See ILMN weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range or strongly overbought weekly 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 downtrend had started on December 12, 2025 at 137.09 and reached 129.29 on December 17, 2025. ILMN lost 7.80 points, or 5.69%, in 5 days. The price is now at the 70.38% retracement level.

Daily Technical Indicators: [See ILMN daily technical indicators chart]
Daily technical indicators are neutral.

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

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 61.80
Williams' Percentage Range (W%R) 33.60
Lane's Stochastic (%D-Slow) 57.14
Greed/Fear Indicator (GFI) 61.78
Moving Average Converg./Diverg. (MACD) 4.70
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 72.23
Williams' Percentage Range (W%R) 12.40
Overbought
Lane's Stochastic (%D-Slow) 91.41
Strong Overbought
Greed/Fear Indicator (GFI) 81.21
Overbought
Moving Average Converg./Diverg. (MACD) 4.50
Trading Signals
Description Value Chart
Upper Bollinger Band 135.74
Price 134.78
Weekly Stochastic Crossing 134.08
Daily Stochastic Crossing 133.24
Parabolic System 130.58
20 Day Moving Average 130.44
Lower Bollinger Band 122.45
50 Day Moving Average 117.50
Sector and Industry
Description Name Rank
Sector Health Care 11
Industry Biotechnology 105
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 129.29
Low Date 12/17/2025
High 135.51
High Date 12/19/2025
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 137.09
High Date 12/12/2025
Low 129.29
Low Date 12/17/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 88.00
Low Date 10/14/2025
High 137.09
High Date 12/12/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 68.70
Low Date 04/09/2025
High 137.09
High Date 12/12/2025
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 37.15
Support 58.54
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.