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Weaker Hold
Today ILMN ranks #2464 as hold candidate. Get a Free Stock at Robinhood
Stronger Stock

$369.43 (5.06%)

Volume: 1M

Closed: Dec 07, 2021

Hollow Logo Score: 0.022

Illumina Stock Forecast

$369.43 (5.06%)

Volume: 1M

Closed: Dec 07, 2021

Score Hollow Logo 0.022
Which way will ILMN go? Request
Stop-loss: $354.21 (-4.12%)
Key Stats
P/E Ratio 60.67
Beta 1.03
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 44 and the stock is currently not being overbought or oversold

On Tuesday Illumina stock price gained impressive 5.06%
(Updated on Dec 07, 2021)


Hold candidate since 2021-12-07

The Illumina stock price gained 5.06% on the last trading day (Tuesday, 7th Dec 2021), rising from $351.65 to $369.43. , and 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 day the stock fluctuated 4.17% from a day low at $355.16 to a day high of $369.98. The price has fallen in 6 of the last 10 days and is down by -2.05% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 39 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $460.61 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 -17.69% during the next 3 months and, with a 90% probability hold a price between $283.64 and $322.97 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.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, December 03, 2021, and so far it has risen 6.38%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 $390.01. On a fall, the stock will find some support from the short-term average at $359.95. 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.

Support, Risk & Stop-loss

Illumina finds support from accumulated volume at $365.33 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 $14.82 between high and low, or 4.17%. For the last week, the stock has had a daily average volatility of 3.87%.

Our recommended stop-loss: $354.21 (-4.12%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 2 days ago.)

Is Illumina stock A Buy?

Illumina holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.022

Predicted Opening Price for Illumina of Wednesday, December 8, 2021

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

Fair opening price December 8, 2021 Current price
$364.86 $369.43 (Overvalued)
Hold/Accumulate Upgraded

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Analyst Ratings

On Nov 08, 2021 "Robert W. Baird" gave "$493.00 - $437.00" rating for ILMN. The price target was changed from $402.59 to 1.4%.

Volatility and Risk
Daily Average Volatility: 3.87 %
Overall Risk: Very High High Medium Low Very Low
Volatility
3.87 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $379.88
Price: $369.43
Support: $365.33

ILMN Insider Trading Show all Trades

INSIDER POWER

0.514

Last 100 transactions
Buy: 49 680 | Sell: 96 642 (Shares)
Date Action Amount Person Type
Nov 22, 2021 Sell 314 Dadswell Charles Common Stock
Nov 12, 2021 Sell 361 Aravanis Alexander Common Stock
Nov 08, 2021 Sell 1 000 Febbo Phillip G. Common Stock
Nov 05, 2021 Buy 1 226 Pegels Kevin Carl Performance Shares
Nov 05, 2021 Sell 574 Pegels Kevin Carl Common Stock
Show all Insider Trades
INSIDER POWER

0.514

Last 100 transactions
Buy: 49 680 | Sell: 96 642 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 379.68 2.77 %
374.02 1.24 %
370.52 0.29 %
Current price: 369.43
Support 359.20 -2.77 %
355.70 -3.72 %
350.04 -5.25 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 447.01 21.00 %
408.14 10.48 %
379.88 2.83 %
Current price 369.43
Support 365.33 -1.11%
357.66 -3.19%
351.65 -4.81%

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About Illumina

Illumina Illumina, Inc. provides sequencing and array-based solutions for genetic analysis. The company’s sequencing by synthesis technology provides researchers with various applications and the ability to sequence mammalian genomes. It also offers arrays for a range of deoxyribonucleic acid and RNA analysis applications, including single nucleotide polymorphism genotyping, copy number variations analysis, gene expression analysis, and methylation analy... Read more

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