ILLUMINA INC.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	ILMN
ISIN:

ILLUMINA INC. - Daily - Technical analysis published on 09/11/2019 (GMT)

Londinia

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!

Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Court terme: Neutral

De fond: Bearish

Technical indicators

44%

17%

39%

My opinion

Bearish under 300.59 USD

My targets

272.28 USD (-6.00%)

240.02 USD (-17.14%)

My analysis

Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 300.59 USD remains possible. It is advisable to trade ILLUMINA INC. with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 300.59 USD. The next bearish objective for sellers is set at 272.28 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 240.02 USD. In case of crossing, the next objective would be the support located at 209.54 USD. PS: if there is a bullish break in the resistance located at 300.59 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.

FORCE

2.3

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The ILLUMINA INC. rating is 289.66 USD. The price registered an increase of +4.93% on the session with the lowest point at 277.83 USD and the highest point at 289.87 USD. The deviation from the price is +4.26% for the low point and -0.07% for the high point.

277.83

289.87

289.66

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this ILLUMINA INC. chart shows a bearish trend. 75% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The probability of a further increase is slight given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

CCI indicator: bullish divergence

Type : Bullish

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Bullish engulfing lines

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	209.54	240.02	272.28	289.66	300.59	321.18	367.06
Change (%)	-27.66%	-17.14%	-6.00%	-	+3.77%	+10.88%	+26.72%
Change	-80.12	-49.64	-17.38	-	+10.93	+31.52	+77.40
Level	Minor	Major	Major	-	Major	Intermediate	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	252.91	258.11	267.07	272.27	281.23	286.43	295.39
Camarilla	272.15	273.44	274.74	276.04	277.34	278.64	279.93
Woodie	254.80	259.05	268.96	273.21	283.12	287.37	297.28
Fibonacci	258.11	263.52	266.86	272.27	277.68	281.02	286.43

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	252.85	260.43	265.21	272.79	277.57	285.15	289.93
Camarilla	266.60	267.73	268.87	270.00	271.13	272.27	273.40
Woodie	251.46	259.73	263.82	272.09	276.18	284.45	288.54
Fibonacci	260.43	265.15	268.07	272.79	277.51	280.43	285.15

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	243.00	260.56	270.95	288.51	298.90	316.46	326.85
Camarilla	273.65	276.22	278.78	281.34	283.90	286.46	289.03
Woodie	239.42	258.77	267.37	286.72	295.32	314.67	323.27
Fibonacci	260.56	271.24	277.83	288.51	299.19	305.78	316.46

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):	53.18
MACD (12,26,9):	-6.5600
Directional Movement:	-1.21
AROON (14):	-85.72
DEMA (21):	272.39
Parabolic SAR (0,02-0,02-0,2):	263.30
Elder Ray (13):	4.87
Super Trend (3,10):	260.45
Zig ZAG (10):	289.66
VORTEX (21):	0.8500
Stochastique (14,3,5):	48.29
TEMA (21):	274.08
Williams %R (14):	-6.04
Chande Momentum Oscillator (20):	10.22
Repulse (5,40,3):	6.9400
ROCnROLL:	-1
TRIX (15,9):	-0.3900
Courbe Coppock:	7.45

MA7:	274.03
MA20:	281.07
MA50:	302.03
MA100:	313.97
MAexp7:	277.77
MAexp20:	282.08
MAexp50:	295.99
MAexp100:	305.94
Price / MA7:	+5.70%
Price / MA20:	+3.06%
Price / MA50:	-4.10%
Price / MA100:	-7.74%
Price / MAexp7:	+4.28%
Price / MAexp20:	+2.69%
Price / MAexp50:	-2.14%
Price / MAexp100:	-5.32%

News

The last news published on ILLUMINA INC. at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia AI

Online

Overall rating :

15133

Number of analyses :

76208

Followers :

I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…