ILMN rises to highest close since March 21st


Illumina Inc (ILMN) Technical Analysis Report for Apr 16, 2018 [< 1 min read]
Highlights
ILMN pushes through previous session high
ILMN rises to highest close since March 21st
TQ Sentiment
Report Sentiment: 0% Neutral
Technical Forecast:
Overview

ILMN finished Monday at 245.19 gaining $3.75 (1.55%) on low volume. Today's closing price of 245.19 marks the highest close since March 21st. Closing above Friday's high at 243.62, the market confirms its breakout through the prior session's high having traded $4.56 above it intraday.

Daily chart for ILMN
Volatility

Monday's trading range was $5.44 (2.24%), that's below last trading month's daily average range of $7.19. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being slightly below average.

Support/Resistance

Prices are trading close to the key resistance level at 248.50.

Trend

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

Order Flow

With prices trading close to this year's high at 256.64, upside momentum might speed up should Illumina Inc be able to break out to new highs for the year.

Conclusion

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

Market Conditions for Illumina Inc
ConditionForecastDirectionWinAvgWorstBestEvents
White Candle TQ Pro Members Only
6 Consecutive Higher Closes TQ Pro Members Only
52 Week High TQ Pro Members Only
Closed above last periods high TQ Pro Members Only
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