|
|
Downtrend Broken Resist.Archive
- 7/19/2024 -
Sign In to see current Signals. |
Illumina Inc (ILMN) Technical Analysis
|
 |
| Summary:
| | Weekly : | | Daily :
Move cursor over the icon to see details.
| | It was the negative week for the Illumina Inc (ILMN). During the week, the ILMN dropped -1.60 points, or -1.38%, and closed at 114.49 on Friday, July 19, 2024. Weekly volume was -18% below average.
 Long-term trend: [See ILMN long-term trend chart]
A long-term downtrend had started on January 31, 2024 at 148.19 and reached 100.09 on May 30, 2024. ILMN lost 48.10 points, or 32.46%, in 17 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (105.96) 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 May 30, 2024 at 100.09 and reached 126.29 on July 16, 2024. ILMN gained -26.20 points, or -26.18%, in 6 weeks. The price is now at the 45.04% retracement level.
 Weekly Technical Indicators: [See ILMN weekly technical indicators chart]
Weekly technical indicators are neutral.
During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 June 28, 2024 at 103.54 and reached 126.29 on July 16, 2024. ILMN gained -22.75 points, or -21.97%, in 18 days. The price is now at the 51.87% retracement level.
Daily Technical Indicators: [See ILMN daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since July 3, 2024. This is an indication that the short-term trend is up.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.
During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
| |
|
|