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* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of ILMN
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Illumina stock price up 3.50% on Tuesday
(Updated on Apr 23, 2024)

Sell candidate since Apr 01, 2024 Loss -6.22% PDF

The Illumina stock price gained 3.50% on the last trading day (Tuesday, 23rd Apr 2024), rising from $120.25 to $124.46. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 4.03% from a day low at $120.82 to a day high of $125.69. The price has fallen in 6 of the last 10 days and is down by -6.82% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 160 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $162.10 million.

The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -14.47% during the next 3 months and, with a 90% probability hold a price between $98.88 and $113.06 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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ILMN Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 6.66%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Illumina stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $129.94. On a fall, the stock will find some support from the short-term average at $119.42. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Illumina stock

Illumina finds support from accumulated volume at $118.29 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $4.87 between high and low, or 4.03%. For the last week, the stock has had daily average volatility of 2.88%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (ILMN) For The Upcoming Trading Day Of Wednesday 24th

For the upcoming trading day on Wednesday, 24th we expect Illumina to open at $123.66, and during the day (based on 14 day Average True Range), to move between $119.66 and $129.26, which gives a possible trading interval of +/-$4.80 (+/-3.85%) up or down from last closing price. If Illumina takes out the full calculated possible swing range there will be an estimated 7.71% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $130.14 (4.56%) than the support at $118.29 (4.96%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Illumina stock A Buy?

Illumina holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -2.162 Sell Candidate Unchanged

Predicted Opening Price for Illumina of Wednesday, April 24, 2024

Fair opening price April 24, 2024 Current price
$123.66 ( 0.645%) $124.46

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for ILMN

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 128.53 3.27 %
R2 126.67 1.77 %
R1 125.52 0.85 %
Current price: 124.46
Support S1 121.80 -2.14 %
S2 120.65 -3.06 %
S3 118.79 -4.56 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 137.84 10.75 %
R2 133.16 6.99 %
R1 130.14 4.56 %
Current price 124.46
Support S1 118.29 -4.96%
S2 117.69 -5.44%
S3 116.69 -6.24%

FAQ

What is the symbol for Illumina Stock and on which exchange is it traded?
The symbol for Illumina is ILMN and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Illumina Stock?
Illumina holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

How to buy Illumina Stock?
Illumina Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Illumina Stock.

What's the current price of Illumina Stock?
As of the end of day on the Apr 23, 2024, the price of an Illumina (ILMN) share was $124.46.

What is the 52-week high and low for Illumina Stock?
The 52-week high for Illumina Stock is $229.56 and the 52-week low is $89.01.

What is the market capitalization of Illumina Stock?
As of the Apr 23, 2024, the market capitalization of Illumina is 19.777B.

When is the next earnings date for Illumina?
The upcoming earnings date for Illumina is May 02, 2024.
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About Illumina

Illumina Illumina, Inc. provides sequencing and array-based solutions for genetic and genomic analysis. Its products and services serve customers in a range of markets enabling the adoption of genomic solutions in research and clinical settings for applications in the life sciences, oncology, reproductive health, agriculture, and other emerging segments. The company provides instruments and consumables used in genetic analysis; and genotyping and sequenci... ILMN Profile

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