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: Daily RSI Analysis
For ILMN News Traders
News traders keeping an eye on ILMN may find value in this recent story:
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, 
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