Illumina Inc (ILMN)
Move cursor over the icon to see details.
|It was the negative week for the Illumina Inc (ILMN). During the week, the ILMN dropped -8.97 points, or -4.38%, and closed at 195.89 on Friday, May 26, 2023. Weekly volume was 35% above average. |
ILMN is a member of Health Care Sector. Health Care is the second 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 uptrend had started on July 14, 2022 at 173.45 and reached 248.87 on November 11, 2022. ILMN gained -75.42 points, or -43.48%, in 17 weeks. The price is now at the 70.25% retracement level.
Medium-term trend: [See ILMN medium-term trend chart]
A medium-term downtrend had started on March 13, 2023 at 238.55 and reached 186.00 on May 25, 2023. ILMN lost 52.55 points, or 22.03%, in 10 weeks. The price is now at the 18.82% retracement level.
Weekly Technical Indicators: [See ILMN weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since May 12, 2023. 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 24, 2023 at 213.91 and reached 186.00 on May 25, 2023. ILMN lost 27.91 points, or 13.05%, in 1 days. The price is now at the 35.44% 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 May 11, 2023. The distance between MACD and the signal line is low and getting smaller.
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.