ILLUMINA INC (ILMN) Technical Analysis
NASDAQ:ILMN • US4523271090
Current stock price
ILMN Technical Rating and Analysis
We assign a technical rating of 8 out of 10 to ILMN. ILMN has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- When comparing the yearly performance of all stocks, we notice that ILMN is one of the better performing stocks in the market, outperforming 81% of all stocks. On top of that, ILMN also shows a nice and consistent pattern of rising prices.
- ILMN is part of the Life Sciences Tools & Services industry. There are 57 other stocks in this industry. ILMN outperforms 83% of them.
- ILMN has an average volume of 1649860 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- 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 118.30 - 137.78 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ILMN Weekly and Daily overview Charts
ILMN Setup Rating and Analysis
ILMN has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 123.27, a Stop Loss order could be placed below this zone.
More info and screens
ILMN Support and Resistance Analysis
113.30
When analyzing the support we can see 4 important areas.
- Support @123.27 from a trend line in the daily time frame.
- Support @119.31 from a trend line in the weekly time frame.
- Support @116.81 from a horizontal line in the weekly time frame.
- A support zone ranging from 114.44 to 114.44. This zone is formed by a combination of multiple trend lines in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 130.36 to 132.19. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 134.46 to 134.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @151.09 from a horizontal line in the weekly time frame.
ILMN Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The short term trend for ILMN is neutral. |
| ChartMill Relative Strength | 81.9 | POSITIVE | ILMN has a high relative strength, it outperformed 81.9% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ILMN is below 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) | 48.71 | NEUTRAL | The RSI value for ILMN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.31 | NEGATIVE | The MACD value suggests ILMN has a negative trend. |
| Stochastics (14,3) | 48.62 | NEUTRAL | The Stochastics value for ILMN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.94 | MEDIUM VOLATILITY | The ATR as a percentage value for ILMN suggests some volalility. |
| Average Directional Index/ADX (14) | 12 | NEGATIVE | The low ADX value for ILMN suggests a weak or negative trend. |
ILMN Chart- and CandleStick Pattern Analysis
ILMN Example Setup
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 |
|---|---|---|---|
| 132.20 | 123.26 | 8.94 (6.76%) | 14.79% |
| An entry @132.20. This is a Buy Stop order right above the resistance zone. | An exit @123.26. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 8.94 points, which is 6.76%. | When investing 14.79% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
ILMN Technicals: Chart, Performance Metrics, Trend & Indicators
126.92
-1.6 (-1.24%)
ILLUMINA INC / ILMN TA FAQ
Can you provide the ChartMill technical rating for ILLUMINA INC?
ChartMill assigns a technical rating of 8 / 10 to ILMN.
Can you provide the trend direction for ILLUMINA INC?
The current trend direction for ILLUMINA INC (ILMN) is Bullish.
Can you provide the RSI signal for ILLUMINA INC?
ILLUMINA INC (ILMN) has an RSI value of 48.7088. 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 -0.314105, indicating a bearish trend.
Can you provide the support and resistance levels for ILLUMINA INC?
ILLUMINA INC (ILMN) has a support level at 123.27 and a resistance level at 130.36. Check the full technical report for our detailed analysis of ILMN support and resistance levels.