ILMN climbs to highest close since Inception

Illumina Inc (ILMN) Technical Analysis Report for Jul 13, 2018

Highlights

ILMN closes higher for the 6th day in a row
ILMN pushes through previous session high
ILMN rises to highest close since Inception

TQ Sentiment

Report Sentiment:
33% Bullish
Technical Forecast:
TQ Pro Only
See the overall Technical Analysis forecast for today.

Overview

Moving higher for the 6th day in a row, ILMN finished the week 7.29% higher at 306.99 after gaining $2.30 (0.75%) today. Today's closing price of 306.99 marks the highest close since Inception. Closing above Thursday's high at 304.98, Illumina Inc confirms its breakout through the prior session's high having traded $3.54 above it intraday.

Daily chart for ILMN

Volatility

Friday's trading range was $5.78 (1.91%), that's slightly below last trading month's daily average range of $6.01. Things look different on a weekly scale, where volatility is way above the markets average with the monthly volatility being way above average.

Trend

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.

Conclusion

While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bullish.

Market Conditions for Illumina Inc

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ILMN pops to highest close ever

Sep 24, 2018
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