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Advanced TA SearchArchive
- 4/26/2024 -
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Illumina Inc (ILMN) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a first positive week after 3 consecutive negative weeks for the Illumina Inc (ILMN). During the week, the ILMN gained 4.85 points, or 4.13%, and closed at 122.28 on Friday, April 26, 2024. Weekly volume was -41% below average.
ILMN is a member of Health Care Sector. Health Care is the second most oversold sector. ILMN is a member of Biotechnology Industry. Biotechnology is the seventh most oversold industry. 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 January 31, 2024 at 148.19 and reached 115.73 on April 18, 2024. ILMN lost 32.46 points, or 21.90%, in 11 weeks. The chart has formed a Falling Channel chart pattern. The price is near the trend support (121.19) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a long-term trend.
 Medium-term trend: [See ILMN medium-term trend chart]
A medium-term uptrend had started on April 18, 2024 at 115.73 and reached 125.70 on April 23, 2024. ILMN gained -9.97 points, or -8.61%, in 0 weeks. The price is now at the 34.30% retracement level.
 Weekly Technical Indicators: [See ILMN weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since December 8, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 April 25, 2024 at 116.91 and reached 123.73 on April 26, 2024. ILMN gained -6.82 points, or -5.83%, in 1 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Daily Technical Indicators: [See ILMN daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish 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 Williams' Percentage Range 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.
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