Bullish Trend Analysis
The Oscillator points to a transition from a downward trend to an upward trend -- in cases where ILMN's Oscillator exited the oversold zone, 19 of 27 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 70%.
The moved above the 0 level on October 01 , 2020. You may want to consider a long position or call options on ILMN as a result. Tickeron A.I. detected that in 69 of 90 past instances where the moved above 0, the stock continued to climb. The odds of a continued upward trend are 77%.
The Moving Average Convergence Divergence ( ) for ILMN just turned positive on September 30, 2020. Looking at past instances where ILMN's turned positive, the stock continued to rise in 40 of 52 cases over the following month. The odds of a continued upward trend are 77%.
Following a +4.53% 3-day Advance, the price is estimated to grow further. Considering data from situations where ILMN advanced for three days, in 236 of 329 cases, the price rose further within the following month. The odds of a continued upward trend are 72%.
ILMN may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Fundamental Analysis (Ratings)
Tickeron has a positive outlook on this ticker and predicts a further increase by more than 4.00% within the next month with a likelihood of 86%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.04.
The Tickeron SMR rating for this company is 27 (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is 28 (best 1 - 100 worst), pointing to outstanding growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is 43 (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 93, placing this stock slightly better than average.
The Tickeron Price Growth Rating for this company is 55 (best 1 - 100 worst), indicating fairly steady price growth. ILMN’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.