ILMN rises to highest close since March 21st

Illumina Inc (ILMN) Technical Analysis Report for Apr 16, 2018

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

Loading Market Conditions for $ILMN (Illumina Inc)...
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when Illumina Inc traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Find out more
Top Market Movers

Related Stocks

A 10 day candlestick chart for A 70.72 -0.41 (-0.58%)
ABBV 10 day candlestick chart for ABBV 92.26 -0.42 (-0.45%)
ABC 10 day candlestick chart for ABC 90.13 -0.93 (-1.02%)
ABMD 10 day candlestick chart for ABMD 384.88 2.90 (0.76%)
ABT 10 day candlestick chart for ABT 69.05 0.26 (0.38%)
ACAD 10 day candlestick chart for ACAD 20.17 1.06 (5.55%)
ACHC 10 day candlestick chart for ACHC 35.69 -0.31 (-0.86%)
AET 10 day candlestick chart for AET 204.27 -0.93 (-0.45%)
AGIO 10 day candlestick chart for AGIO 73.56 -0.41 (-0.55%)
AGN 10 day candlestick chart for AGN 191.31 -1.20 (-0.62%)
You have free reports remaining. Subscribe for unlimited access...SUBSCRIBELOGINGO!