ILU Technical Analysis - ILLUMINA INC

Technical Rating and Analysis

Overall ILU gets a technical rating of 4 out of 10. ILU has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.

88% of all other stocks performed better in the past year than ILU.

ILU is one of the lesser performing stocks in the Life Sciences Tools & Services industry. 63% of 20 stocks in the same industry do better.

ILU is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

Warning: ILU has an average volume of 359 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.

In the last month ILU has a been trading in the 81.12 - 88.37 range, which is quite wide. It is currently trading near the high of this range.

Considerably lower volume is observed in the last couple of days.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

Setup Rating and Analysis

Although the technical rating is only medium, ILU does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 85.44, a Stop Loss order could be placed below this zone.

More info and screens

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

79.76

95.78

We found 2 important support areas.

A support zone ranging from 82.02 to 85.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 80.57 to 80.57. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 2 important resistance areas.

Resistance @91.69 from a horizontal line in the weekly time frame.
A resistance zone ranging from 93.39 to 94.83. This zone is formed by a combination of multiple trend lines in the daily time frame.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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 ILU.DE is neutral.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for ILU.DE is up.
ChartMill Relative Strength	12.22	NEGATIVE	ILU.DE has a low relative strength, it was outperformed by 87.78% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	MIXED	The current price of ILU.DE is above a declining SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of ILU.DE is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of ILU.DE is below a declining SMA(200).
Relative Strength Index/RSI (14)	58.14	NEUTRAL	The RSI value for ILU.DE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.37	POSITIVE	The MACD value suggests ILU.DE has a positive trend.
Stochastics (14,3)	79.98	NEUTRAL	The Stochastics value for ILU.DE is a neutral value.
Average True Range in percent/ATR (20)	2.01	MEDIUM VOLATILITY	The ATR as a percentage value for ILU.DE suggests some volalility.
Average Directional Index/ADX (14)	18.88	NEGATIVE	The low ADX value for ILU.DE suggests a weak or negative trend.