We assign a technical rating of 9 out of 10 to ILMN. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ILMN is showing a nice and steady performance.
ILMN has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 134.96. Right above this resistance zone may be a good entry point. 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
98.13
When analyzing the support we can see 3 important areas.
- A support zone ranging from 119.25 to 122.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @103.27 from a trend line in the weekly time frame.
- Support @99.12 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 134.96 to 137.61. 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 | UP | POSITIVE | The long term trend for ILMN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ILMN is up. |
| ChartMill Relative Strength | 85.98 | POSITIVE | ILMN has a high relative strength, it outperformed 85.98% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ILMN is above the rising 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) | UP | POSITIVE | The current price of ILMN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.12 | NEUTRAL | The RSI value for ILMN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.43 | NEGATIVE | The MACD value suggests ILMN has a negative trend. |
| Stochastics (14,3) | 74.24 | NEUTRAL | The Stochastics value for ILMN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.7 | MEDIUM VOLATILITY | The ATR as a percentage value for ILMN suggests some volalility. |
| Average Directional Index/ADX (14) | 27.7 | POSITIVE | The high ADX value value for ILMN suggests a strong trend. |
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 |
|---|---|---|---|
| 137.62 | 129.28 | 8.34 (6.06%) | 16.50% |
| An entry @137.62. This is a Buy Stop order right above the resistance zone. | An exit @129.28. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 8.34 points, which is 6.06%. | For a 1.00% total portfolio risk, you can invest 16.50% 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.
134.95
-0.37 (-0.27%)
ILLUMINA INC / ILMN FAQ
Can you provide the ChartMill technical rating for ILLUMINA INC?
ChartMill assigns a technical rating of 9 / 10 to ILMN.
What is the trend direction for ILMN stock?
The current trend direction for ILLUMINA INC (ILMN) is Bullish.
What is the RSI signal for ILLUMINA INC (ILMN) stock?
ILLUMINA INC (ILMN) has an RSI value of 61.1213. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ILLUMINA INC?
The MACD indicator for ILLUMINA INC (ILMN) has a value of -0.429934, indicating a bearish trend.
What is the short term momentum for ILMN stock?
The short term momentum for ILLUMINA INC (ILMN) is positive.