ILLUMINA INC. - 1H - Technical analysis published on 08/10/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 504.76 USD
My targets
515.82 USD (+1.44%)
My analysis
The basic bullish trend is very strong on ILLUMINA INC. but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 504.76 USD. Crossing the first resistance at 515.82 USD would be a sign of a potential new surge in the price. Caution, a return to below 504.76 USD would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.5
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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. rating is 508.48 USD. The price has increased by +0.46% since the last closing and was traded between 504.84 USD and 511.43 USD over the period. The price is currently at +0.72% from its lowest and -0.58% from its highest.504.84
511.43
508.48
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of ILLUMINA INC. indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
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 horizontal support
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 478.16 | 490.88 | 504.76 | 508.48 | 515.82 |
| Change (%) | -5.96% | -3.46% | -0.73% | - | +1.44% |
| Change | -30.32 | -17.60 | -3.72 | - | +7.34 |
| Level | Minor | Intermediate | Major | - | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 481.94 | 487.75 | 496.95 | 502.76 | 511.96 | 517.77 | 526.97 |
| Camarilla | 502.02 | 503.40 | 504.77 | 506.15 | 507.53 | 508.90 | 510.28 |
| Woodie | 483.64 | 488.60 | 498.65 | 503.61 | 513.66 | 518.62 | 528.67 |
| Fibonacci | 487.75 | 493.48 | 497.03 | 502.76 | 508.49 | 512.04 | 517.77 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 461.42 | 476.01 | 486.63 | 501.22 | 511.84 | 526.43 | 537.05 |
| Camarilla | 490.31 | 492.62 | 494.93 | 497.24 | 499.55 | 501.86 | 504.17 |
| Woodie | 459.43 | 475.02 | 484.64 | 500.23 | 509.85 | 525.44 | 535.06 |
| Fibonacci | 476.01 | 485.64 | 491.59 | 501.22 | 510.85 | 516.80 | 526.43 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 426.73 | 441.32 | 468.54 | 483.13 | 510.35 | 524.94 | 552.16 |
| Camarilla | 484.25 | 488.09 | 491.92 | 495.75 | 499.58 | 503.42 | 507.25 |
| Woodie | 433.04 | 444.48 | 474.85 | 486.29 | 516.66 | 528.10 | 558.47 |
| Fibonacci | 441.32 | 457.30 | 467.16 | 483.13 | 499.11 | 508.97 | 524.94 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 53.83 | |
| MACD (12,26,9): | 1.7100 | |
| Directional Movement: | 11.44 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 506.69 | |
| Parabolic SAR (0,02-0,02-0,2): | 492.16 | |
| Elder Ray (13): | 2.31 | |
| Super Trend (3,10): | 512.79 | |
| Zig ZAG (10): | 507.28 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 85.59 | |
| TEMA (21): | 507.05 | |
| Williams %R (14): | -19.19 | |
| Chande Momentum Oscillator (20): | 7.99 | |
| Repulse (5,40,3): | 0.3200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 1.89 |
| MA7: | 503.45 | |
| MA20: | 489.35 | |
| MA50: | 469.53 | |
| MA100: | 432.99 | |
| MAexp7: | 507.25 | |
| MAexp20: | 504.42 | |
| MAexp50: | 500.85 | |
| MAexp100: | 495.09 | |
| Price / MA7: | +1.00% | |
| Price / MA20: | +3.91% | |
| Price / MA50: | +8.30% | |
| Price / MA100: | +17.43% | |
| Price / MAexp7: | +0.24% | |
| Price / MAexp20: | +0.80% | |
| Price / MAexp50: | +1.52% | |
| Price / MAexp100: | +2.70% |
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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