TTM Squeeze Alert: ILMN Primed for Big Move at $134.95
NeutralIllumina Inc (ILMN) closed down 0.28% at $134.95 on December 29.
Technical indicators paint a mixed picture:
Moving Averages
Price trades above the 9-day EMA ($134.29) with a bullish stack. The 21-day EMA at $131.47 provides support.
Momentum
RSI at 63.5 is in neutral territory but trending lower. MACD is bearish (4.04 vs signal 4.53).
Volatility
Stock has been in a TTM Squeeze for 6 days, indicating compressed volatility and potential for a significant move.
While the trend remains bullish, weakening MACD warrants caution for new entries at current levels.