Illumina Inc (ILMN): Price Now Near $487.73; Daily Chart Shows An Uptrend on 50 Day Basis

The Hourly View for ILMN

Currently, ILMN (Get Ratings)’s price is down $-3.27 (-0.67%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Out of Measuring and Control Equipment stocks, ILMN ranks 12th in regards to today’s price percentage change.

ILMN’s Technical Outlook on the Daily Chart

At the moment, ILMN’s price is up $1.25 (0.26%) from the day prior. It’s been a feast for bulls operating on the daily timeframe, as ILMN has now gone up 4 of the past 5 days. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 day timeframe. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. Illumina Inc’s price action over the past 90 days can be seen via the chart below.

ILMN

<

ILMN: Daily RSI Analysis

  • ILMN’s RSI now stands at 51.952.
  • ILMN and RSI both have consistent trends, as they are both heading up.

For ILMN News Traders

News traders keeping an eye on ILMN may find value in this recent story:

Illumina deal for Grail could hurt innovation, EU warns

BRUSSELS U.S. life sciences company Illumina Incs proposed acquisition of cancer test maker Grail Inc could curb innovation and competition, EU antitrust regulators warned on Thursday as they opened a full-scale investigation. The European Commissions announcement confirmed a Reuters story last week. Illumina announced the $8 billion cash-and-stock deal for startup Grail last September, []

Want More Great Investing Ideas?

9 “MUST OWN” Growth Stocks for 2021

5 WINNING Stock Chart Patterns

7 Best ETFs for the NEXT Bull Market