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Downtrend Broken Resist.Archive
- 6/27/2025 -
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Illumina Inc (ILMN) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a fifth consecutive positive week for the Illumina Inc (ILMN). During the week, the ILMN gained 4.30 points, or 4.75%, and closed at 94.79 on Friday, June 27, 2025. Weekly volume was 42% above average.
 Long-term trend: [See ILMN long-term trend chart]
A long-term downtrend had started on November 5, 2024 at 156.70 and reached 68.70 on April 9, 2025. ILMN lost 88.00 points, or 56.16%, in 22 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 34.31 and resistance is at 144.26. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern 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 95.99 on June 26, 2025. ILMN gained -27.29 points, or -39.72%, in 11 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (87.54) is broken, while daily and weekly technical indicators are overbought. Uptrend 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 resistance line in a medium-term trend.
 Weekly Technical Indicators: [See ILMN weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. 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 link to access Lane's Stochastic 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. 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 13, 2025 at 85.77 and reached 95.99 on June 26, 2025. ILMN gained -10.22 points, or -11.92%, in 13 days. The price is now at the 11.74% retracement level.
 Daily Technical Indicators: [See ILMN daily technical indicators chart]
Daily Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index and Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Use the following links to access Relative Strength Index and Williams' Percentage Range help.
The daily MACD line is above its signal line since April 10, 2025. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.
 Candlestick pattern: [See ILMN candlestick chart pattern]
On Friday the chart has formed a Bullish Doji Candlestick pattern. Use the Technical Stock Screener to see the list of stocks that had a Bullish Doji Candlestick pattern during the last week.
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