When the Price of (ILMN) Talks, People Listen
July 08, 2024, 22:22 pm ET, BY Jeff W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ILMN
- Buy ILMN slightly over 107.48 target 129.76 stop loss @ 107.17 Details
The technical summary data tells us to buy ILMN near 107.48 with an upside target of 129.76. This data also tells us to set a stop loss @ 107.17 to protect against excessive loss in case the stock begins to move against the trade. 107.48 is the first level of support below 107.84 , and by rule, any test of support is a buy signal. In this case, support 107.48 is being tested, a buy signal would exist.
- Short ILMN slightly under 129.76, target 107.48, stop loss @ 130.13 Details
The technical summary data is suggesting a short of ILMN as it gets near 129.76 with a downside target of 107.48. We should have a stop loss in place at 130.13though. 129.76 is the first level of resistance above 107.84, and by rule, any test of resistance is a short signal. In this case, if resistance 129.76 is being tested, a short signal would exist.
Swing Trading Plans for ILMN
- Buy ILMN slightly over 108.5, target 129.76, Stop Loss @ 108.19 Details
If 108.5 begins to break higher, the technical summary data tells us to buy ILMN just slightly over 108.5, with an upside target of 129.76. The data also tells us to set a stop loss @ 108.19 in case the stock turns against the trade. 108.5 is the first level of resistance above 107.84, and by rule, any break above resistance is a buy signal. In this case, 108.5, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short ILMN slightly near 108.5, target 107.48, Stop Loss @ 108.81. Details
The technical summary data is suggesting a short of ILMN if it tests 108.5 with a downside target of 107.48. We should have a stop loss in place at 108.81 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 108.5, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for ILMN
- Buy ILMN slightly over 108.5, target 109.66, Stop Loss @ 108.25 Details
If 108.5 begins to break higher, the technical summary data tells us to buy ILMN just slightly over 108.5, with an upside target of 109.66. The data also tells us to set a stop loss @ 108.25 in case the stock turns against the trade. 108.5 is the first level of resistance above 107.84, and by rule, any break above resistance is a buy signal. In this case, 108.5, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short ILMN slightly near 108.5, target 107.7, Stop Loss @ 108.75. Details
The technical summary data is suggesting a short of ILMN if it tests 108.5 with a downside target of 107.7. We should have a stop loss in place at 108.75 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 108.5, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Illumina Inc. (ILMN) available here: ILMN.
ILMN Ratings for July 08:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Weak |
| P1 |
0 |
0 |
84.55 |
| P2 |
107.7 |
104.56 |
107.48 |
| P3 |
109.66 |
108.5 |
129.76 |
AI Generated Signals for ILMN
Blue = Current Price
Red= Resistance
Green = Support
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This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of Illumina Inc. (NASDAQ: ILMN) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for ILMN can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for ILMN:
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