How the (ILMN) price action is used to our Advantage
September 16, 2024, 20:54 pm ET, BY Bill- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ILMN
- Buy ILMN slightly over 121.58 target 139.12 stop loss @ 121.23 Details
The technical summary data tells us to buy ILMN near 121.58 with an upside target of 139.12. This data also tells us to set a stop loss @ 121.23 to protect against excessive loss in case the stock begins to move against the trade. 121.58 is the first level of support below 129.52 , and by rule, any test of support is a buy signal. In this case, support 121.58 is being tested, a buy signal would exist.
- Short ILMN slightly under 139.12, target 121.58, stop loss @ 139.52 Details
The technical summary data is suggesting a short of ILMN as it gets near 139.12 with a downside target of 121.58. We should have a stop loss in place at 139.52though. 139.12 is the first level of resistance above 129.52, and by rule, any test of resistance is a short signal. In this case, if resistance 139.12 is being tested, a short signal would exist.
Swing Trading Plans for ILMN
- Buy ILMN slightly over 139.12, target n/a, Stop Loss @ 138.72 Details
If 139.12 begins to break higher, the technical summary data tells us to buy ILMN just slightly over 139.12, with an upside target of n/a. The data also tells us to set a stop loss @ 138.72 in case the stock turns against the trade. 139.12 is the first level of resistance above 129.52, and by rule, any break above resistance is a buy signal. In this case, 139.12, 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 139.12, target 128.12, Stop Loss @ 139.52. Details
The technical summary data is suggesting a short of ILMN if it tests 139.12 with a downside target of 128.12. We should have a stop loss in place at 139.52 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, 139.12, 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 131.82, target 139.12, Stop Loss @ 131.51 Details
If 131.82 begins to break higher, the technical summary data tells us to buy ILMN just slightly over 131.82, with an upside target of 139.12. The data also tells us to set a stop loss @ 131.51 in case the stock turns against the trade. 131.82 is the first level of resistance above 129.52, and by rule, any break above resistance is a buy signal. In this case, 131.82, 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 131.82, target 129.1, Stop Loss @ 132.13. Details
The technical summary data is suggesting a short of ILMN if it tests 131.82 with a downside target of 129.1. We should have a stop loss in place at 132.13 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, 131.82, 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 September 16:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Weak |
Neutral |
| P1 |
0 |
0 |
103.65 |
| P2 |
129.1 |
121.46 |
121.58 |
| P3 |
131.82 |
128.12 |
139.12 |
AI Generated Signals for ILMN
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Illumina Inc. (NASDAQ: ILMN) data table below can help you with price action, and we have more details too. Trading plans for ILMN are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for ILMN:
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