Taking everything into account, ILMN scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ILMN is only an average performer.
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. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 120.67, a Stop Loss order could be placed below this zone.
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95.60
When analyzing the support we can see 3 important areas.
- A support zone ranging from 119.26 to 120.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @100.60 from a trend line in the weekly time frame.
- Support @96.57 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 131.46 to 131.46. 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 | 74.33 | POSITIVE | ILMN has a high relative strength, it outperformed 74.33% 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) | 64.44 | NEUTRAL | The RSI value for ILMN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests ILMN has a negative trend. |
| Stochastics (14,3) | 72.91 | NEUTRAL | The Stochastics value for ILMN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.36 | MEDIUM VOLATILITY | The ATR as a percentage value for ILMN suggests some volalility. |
| Average Directional Index/ADX (14) | 35.38 | 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 |
|---|---|---|---|
| 131.47 | 117.85 | 13.62 (10.36%) | 9.65% |
| An entry @131.47. This is a Buy Stop order right above the resistance zone. | An exit @117.85. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 13.62 points, which is 10.36%. | For a 1.00% total portfolio risk, you can invest 9.65% 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.
128.03
+0.08 (+0.06%)
ILLUMINA INC / ILMN FAQ
Can you provide the ChartMill technical rating for ILLUMINA INC?
ChartMill assigns a technical rating of 8 / 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 64.4366. 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 -0.201895, indicating a bearish trend.
What is the short term momentum for ILMN stock?
The short term momentum for ILLUMINA INC (ILMN) is positive.