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Archive
- 5/10/2024 -
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Illumina Inc (ILMN) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was the negative week for the Illumina Inc (ILMN). During the week, the ILMN dropped -7.40 points, or -6.27%, and closed at 110.53 on Friday, May 10, 2024. Weekly volume was 14% 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 89.01 on November 10, 2023. ILMN lost 466.76 points, or 83.98%, in 143 weeks. Price is near the trend low.
 Medium-term trend: [See ILMN medium-term trend chart]
A medium-term downtrend had started on January 31, 2024 at 148.19 and reached 108.54 on May 8, 2024. ILMN lost 39.65 points, or 26.76%, in 14 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend support line (119.52) is broken, while daily and weekly technical indicators are oversold. Downtrend is exhausted and trend reversal is possible soon. 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 support in a medium-term trend.
 Weekly Technical Indicators: [See ILMN weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly Williams' Percentage Range. 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 below its signal line since April 26, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. 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 May 3, 2024 at 127.75 and reached 108.54 on May 8, 2024. ILMN lost 19.21 points, or 15.04%, in 5 days. The price is now at the 10.36% retracement level.
 Daily Technical Indicators: [See ILMN daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
The price touches the lower Bollinger Band. 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.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Health Care |
3 |
| Industry |
Biotechnology |
28 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
127.75 |
| High Date |
05/03/2024 |
| Low |
108.54 |
| Low Date |
05/08/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
127.75 |
| High Date |
05/03/2024 |
| Low |
108.54 |
| Low Date |
05/08/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
127.75 |
| High Date |
05/03/2024 |
| Low |
108.54 |
| Low Date |
05/08/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Wedge |
| Status |
Broken Support |
| Resistance |
127.00 |
| Support |
119.52 |
| High |
148.19 |
| High Date |
01/31/2024 |
| Low |
108.54 |
| Low Date |
05/08/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
555.77 |
| High Date |
02/12/2021 |
| Low |
89.01 |
| Low Date |
11/10/2023 |
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