ILMN Technical Analysis - ILLUMINA INC

Technical Rating and Analysis

We assign a technical rating of 2 out of 10 to ILMN. In the last year, ILMN was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.

83% of all other stocks performed better in the past year than ILMN.

ILMN has an average volume of 1839760 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

The long and short term trends are both neutral. This gives a pretty neutral overall picture!

ILMN is an average performer in the Life Sciences Tools & Services industry, it outperforms 50% of 55 stocks in the same industry.

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 93.94 - 103.65 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although the technical rating is bad, ILMN does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 94.56, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

93.49

110.39

When analyzing the support we notice one important area.

A support zone ranging from 94.43 to 94.56. This zone is formed by a combination of multiple trend lines in multiple time frames.

3 important resistance areas can be observed.

A resistance zone ranging from 96.57 to 99.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 101.39 to 101.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @109.30 from a horizontal line in the weekly time frame.

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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	NEUTRAL	NEUTRAL	The long term trend for ILMN is neutral.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for ILMN is neutral.
ChartMill Relative Strength	17.38	NEGATIVE	ILMN has a low relative strength, it was outperformed by 82.62% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of ILMN is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of ILMN is below a declining 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)	43.27	NEUTRAL	The RSI value for ILMN is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.34	NEGATIVE	The MACD value suggests ILMN has a negative trend.
Stochastics (14,3)	28.75	NEUTRAL	The Stochastics value for ILMN is a neutral value.
Average True Range in percent/ATR (20)	2.92	MEDIUM VOLATILITY	The ATR as a percentage value for ILMN suggests some volalility.
Average Directional Index/ADX (14)	12.78	NEGATIVE	The low ADX value for ILMN suggests a weak or negative trend.