ILLUMINA INC (ILMN) Stock Technical Analysis
NASDAQ:ILMN - US4523271090 - Common Stock
101.8 USD
+2.51 (+2.53%)
102.65 USD
+0.85 (+0.83%)
Overall ILMN gets a technical rating of 6 out of 10. ILMN has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
ILMN has an average volume of 2168640 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, ILMN outperforms 41% of them, which is more or less in line with the market.
ILMN is part of the Life Sciences Tools & Services industry. There are 54 other stocks in this industry, ILMN did better than 52% of them.
ILMN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ILMN is lagging the market.
In the last month ILMN has a been trading in the 92.19 - 111.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, ILMN does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 104.78. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 98.15, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
93.49
110.98
When analyzing the support we can see 2 important areas.
- A support zone ranging from 97.87 to 98.15. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 94.43 to 95.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 104.78 to 105.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 109.30 to 109.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for ILMN is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ILMN is up. |
| ChartMill Relative Strength | 41.22 | NEUTRAL | ILMN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ILMN is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ILMN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ILMN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.53 | NEUTRAL | The RSI value for ILMN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests ILMN has a positive trend. |
| Stochastics (14,3) | 76.5 | NEUTRAL | The Stochastics value for ILMN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.41 | MEDIUM VOLATILITY | The ATR as a percentage value for ILMN suggests some volalility. |
| Average Directional Index/ADX (14) | 17.66 | NEGATIVE | The low ADX value for ILMN suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 105.15 | 97.86 | 7.29 (6.93%) | 14.42% |
| An entry @105.15. This is a Buy Stop order right above the resistance zone. | An exit @97.86. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 7.29 points, which is 6.93%. | For a 1.00% total portfolio risk, you can invest 14.42% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
101.8
+2.51 (+2.53%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryLife Sciences Tools & Services
Performance
% Chg2.53%
1 Week1.69%
2 Weeks7.66%
1 Month-6.86%
3 Month26.66%
6 Month8.07%
12 Month-22.52%
2 Year-38.39%
3 Year-49.51%
5 Year-71.5%
10 Year-48.48%
15 Year137.35%
Volatility
ATR(14)2.85
ATR(20)%3.41%
ATR Inc-0.63%
Range Today4.23
ADR(20)3.24
ADR(20)%3.19%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS41.22
Mansfield-1.62
10 Day High103.65
10 Day Low93.98
20 Day High111
20 Day Low92.19
52 Week High156.66
52 Week Low68.7
CS1 End98.15
CR1 Start104.78
Volume & EV
DER(3)0.09%
DER(5)0.56%
Volume1.97M
Volume Incr-36.58%
Vol(5)1.38M
Vol(50)2.17M