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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- 10/31/2025 -
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Illumina Inc (ILMN) Technical Analysis

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Summary:
Weekly :Overbought sectorRelative Strength Index, Lane's Stochastic and MACD bearish divergenceBroken trend resistance line
Daily :The price is above the upper Bollinger Band
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It was a third consecutive positive week for the Illumina Inc (ILMN). During the week, the ILMN gained 23.43 points, or 23.40%, and closed at 123.54 on Friday, October 31, 2025. Weekly volume was 27% 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 (60.51) 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 123.93 on October 31, 2025. ILMN gained -55.23 points, or -80.39%, in 29 weeks. Price is near the trend high.

Weekly Technical Indicators: [See ILMN weekly technical indicators chart]
Weekly technical indicators are neutral. Weekly Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index, Lane's Stochastic and MACD 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 Relative Strength Index 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. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 October 21, 2025 at 102.31 and reached 123.93 on October 31, 2025. ILMN gained -21.62 points, or -21.13%, in 10 days. Price is near the trend high.

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

The daily MACD line is above its signal line since October 17, 2025. This is an indication that the short-term trend is up.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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) 77.08
Williams' Percentage Range (W%R) 47.40
Lane's Stochastic (%D-Slow) 58.96
Greed/Fear Indicator (GFI) 62.89
Moving Average Converg./Diverg. (MACD) 0.42
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.44
Bearish
Williams' Percentage Range (W%R) 44.60
Lane's Stochastic (%D-Slow) 53.33
Bearish
Greed/Fear Indicator (GFI) 56.27
Moving Average Converg./Diverg. (MACD) -0.82 Bearish
Trading Signals
Description Value Chart
Price 123.54
Upper Bollinger Band 112.63
Daily Stochastic Crossing 109.77
Weekly Stochastic Crossing 107.89
50 Day Moving Average 98.44
20 Day Moving Average 98.38
Parabolic System 93.91
Lower Bollinger Band 87.32
Sector and Industry
Description Name Rank
Sector Health Care 11
Industry Biotechnology 99
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 102.31
Low Date 10/21/2025
High 123.93
High Date 10/31/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 102.31
Low Date 10/21/2025
High 123.93
High Date 10/31/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 88.00
Low Date 10/14/2025
High 123.93
High Date 10/31/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 68.70
Low Date 04/09/2025
High 123.93
High Date 10/31/2025
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 51.61
Support 60.51
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.