Explanation to Bollinger's Bands

Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.

Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.

Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation

BandWidth defines the current width of the band.
%b defines the current position within the band.

BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)

Live Samples:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.

Source: http://www.bollingerbands.com

RSI low/high Values: [ 20 - 75 ]
* 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
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Illumina stock upgraded to Hold/Accumulate.
(Updated on Mar 27, 2024)

Hold candidate since Mar 27, 2024 PDF

The Illumina stock price gained 3.65% on the last trading day (Wednesday, 27th Mar 2024), rising from $133.80 to $138.68. During the last trading day the stock fluctuated 3.13% from a day low at $134.47 to a day high of $138.68. The price has been going up and down for this period, and there has been a 4.44% gain for the last 2 weeks. Volume fell on the last day by -223 thousand shares and in total, 903 thousand shares were bought and sold for approximately $125.16 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

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 -2.87% during the next 3 months and, with a 90% probability hold a price between $122.65 and $140.25 at the end of this 3-month period.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

ILMN Signals & Forecast

The Illumina stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $135.37 and $136.80. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, March 15, 2024, and so far it has risen 8.57%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss for Illumina stock

Illumina finds support from accumulated volume at $137.84 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 $4.21 between high and low, or 3.13%. For the last week, the stock has had daily average volatility of 3.38%.

Our recommended stop-loss: $133.94 (-3.42%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 8 days ago.)

Trading Expectations (ILMN) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Illumina to open at $137.28, and during the day (based on 14 day Average True Range), to move between $133.51 and $143.85, which gives a possible trading interval of +/-$5.17 (+/-3.73%) up or down from last closing price. If Illumina takes out the full calculated possible swing range there will be an estimated 7.45% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $137.84 (0.61%) than the resistance at $139.74 (0.76%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

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: 0.557 Hold/Accumulate Upgraded

Predicted Opening Price for Illumina of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$137.28 ( 1.01%) $138.68

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 141.49 2.02 %
R2 139.88 0.86 %
R1 138.88 0.148 %
Current price: 138.68
Support S1 135.67 -2.17 %
S2 134.67 -2.89 %
S3 133.07 -4.05 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 141.01 1.68 %
R2 140.63 1.41 %
R1 139.74 0.764 %
Current price 138.68
Support S1 137.84 -0.606%
S2 133.16 -3.98%
S3 130.14 -6.16%

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 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.

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 2024-03-27, the price of an Illumina (ILMN) share was $138.68.

What is the 52-week high and low for Illumina Stock?
The 52-week high for Illumina Stock is $233.42 and the 52-week low is $89.01.

What is the market capitalization of Illumina Stock?
As of the 2024-03-27, the market capitalization of Illumina is 22.036B.

When is the next earnings date for Illumina?
The upcoming earnings date for Illumina is Apr 23, 2024.
Click to get the best stock tips daily for free!

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

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT