ILLUMINA INC. - 1H - Technical analysis published on 01/06/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bearish
Technical indicators
44%
6%
50%
My opinion
Bullish above 372.46 USD
My targets
385.81 USD (+1.93%)
397.44 USD (+5.00%)
My analysis
The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for ILLUMINA INC. as long as the price remains well above 372.46 USD. The buyers' bullish objective is set at 385.81 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 397.44 USD. If there is any crossing, the next objective would be the resistance located at 421.37 USD. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 385.81 USD. On this resistance, against the trend traders who would like to go short on ILLUMINA INC. with a bearish signal from their trading strategy, should not hesitate to act.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
2
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ILLUMINA INC. price is 378.50 USD. On the day, this instrument gained +2.89% and was between 364.37 USD and 379.74 USD. This implies that the price is at +3.88% from its lowest and at -0.33% from its highest.364.37
379.74
378.50
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ILLUMINA INC.:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of ILLUMINA INC. in 1H shows an overall slightly bearish trend. 53.57% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages could quickly lead to a reversal of the trend. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a slightly bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 364.96 | 372.46 | 378.23 | 378.50 | 385.81 | 397.44 | 421.37 |
| Change (%) | -3.58% | -1.60% | -0.07% | - | +1.93% | +5.00% | +11.33% |
| Change | -13.54 | -6.04 | -0.27 | - | +7.31 | +18.94 | +42.87 |
| Level | Major | Intermediate | Major | - | Intermediate | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 349.65 | 358.57 | 363.23 | 372.15 | 376.81 | 385.73 | 390.39 |
| Camarilla | 364.15 | 365.39 | 366.64 | 367.88 | 369.13 | 370.37 | 371.62 |
| Woodie | 347.51 | 357.51 | 361.09 | 371.09 | 374.67 | 384.67 | 388.25 |
| Fibonacci | 358.57 | 363.76 | 366.97 | 372.15 | 377.34 | 380.55 | 385.73 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 359.61 | 367.55 | 374.00 | 381.94 | 388.39 | 396.33 | 402.78 |
| Camarilla | 376.48 | 377.80 | 379.12 | 380.44 | 381.76 | 383.08 | 384.40 |
| Woodie | 358.86 | 367.18 | 373.25 | 381.57 | 387.64 | 395.96 | 402.03 |
| Fibonacci | 367.55 | 373.05 | 376.45 | 381.94 | 387.44 | 390.84 | 396.33 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 292.09 | 316.56 | 348.50 | 372.97 | 404.91 | 429.38 | 461.32 |
| Camarilla | 364.93 | 370.10 | 375.27 | 380.44 | 385.61 | 390.78 | 395.95 |
| Woodie | 295.83 | 318.43 | 352.24 | 374.84 | 408.65 | 431.25 | 465.06 |
| Fibonacci | 316.56 | 338.11 | 351.42 | 372.97 | 394.52 | 407.83 | 429.38 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 53.59 | |
| MACD (12,26,9): | -1.8500 | |
| Directional Movement: | -6.58 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 371.67 | |
| Parabolic SAR (0,02-0,02-0,2): | 379.22 | |
| Elder Ray (13): | 1.35 | |
| Super Trend (3,10): | 381.03 | |
| Zig ZAG (10): | 378.49 | |
| VORTEX (21): | 0.9200 | |
| Stochastique (14,3,5): | 42.97 | |
| TEMA (21): | 371.45 | |
| Williams %R (14): | -10.65 | |
| Chande Momentum Oscillator (20): | 10.15 | |
| Repulse (5,40,3): | 2.7400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0700 | |
| Courbe Coppock: | 0.32 |
| MA7: | 377.55 | |
| MA20: | 379.38 | |
| MA50: | 382.55 | |
| MA100: | 410.28 | |
| MAexp7: | 374.53 | |
| MAexp20: | 374.00 | |
| MAexp50: | 376.76 | |
| MAexp100: | 377.50 | |
| Price / MA7: | +0.25% | |
| Price / MA20: | -0.23% | |
| Price / MA50: | -1.06% | |
| Price / MA100: | -7.75% | |
| Price / MAexp7: | +1.06% | |
| Price / MAexp20: | +1.20% | |
| Price / MAexp50: | +0.46% | |
| Price / MAexp100: | +0.26% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
Don't forget to follow the news on ILLUMINA INC.. At the time of publication of this analysis, the latest news was as follows:
- Illumina to Webcast Upcoming Investor Conference
- Illumina is Committed to Bringing Lifesaving GRAIL Test to People Globally as European Review Process Enters Second Phase
- Illumina to Announce Second Quarter 2021 Financial Results on Thursday, August 5, 2021
- Illumina Supports Nationwide Program across Belgium to Assess Whole Genome Sequencing for Developmental Disorders Diagnosis
- Illumina and Next Generation Genomic Partner to Launch VeriSeq™ NIPT Solution in Thailand
This member declared not having a position on this financial instrument or a related financial instrument.
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